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Finacle partners with Samsung

Edgeverve_SystemsInfosys Finacle has partnered with global ICT service provider Samsung SDS with an aim to deliver enhanced payments and user experiences for mobile device users. The partnership will provide end customers more secure, fast and convenient way to use mobile banking and payment services. It will offer financial services customers a seamless user experience and hassle-free access without lengthy authentication processes. This will be achieved using device agnostic Samsung SDS FIDO Authentication, allowing banking and mobile payments customers to use select OEM’s (Original Equipment Manufacturers) and the hand-held device of their choice, the technology partners said in press release. Users can scan their fingerprint, use facial recognition or other biometric authenticators such as voice and iris detection to complete a payment or transaction in a secure and frictionless way.

EdgeVerve customer & operations president Andy Dey said Finacle wants to enable banking without passwords wherein people can authenticate transactions by using flexible biometric options such as facial recognition and fingerprints. The partnership with Samsung SDS achieves exactly this kind of friction-less banking, allowing greater customer retention, engagement and loyalty, he said. Samsung SDS advanced mobile solution business head Ho Kim said the user authentication and mobile security is gaining more significance in this era of digital banking and Samsung SDS’ standard based biometrics solution ensures simpler and secure user authentication to bring enhanced user experience to customers.

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