Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, announces that the Banco do Estado do Rio Grande do Sul (Banrisul) has deployed Gemalto's Ezio Multi-Channel Authentication Solution to secure its expanding mBanking services.
Banrisul is a leading financial institution in Brazil and will enable all of its 3.9 million customers to perform secure banking transactions using their smartphone or tablet with the highly versatile Ezio platform.
GemaltoEzio Authentication Server provides back-end authentication to secure Banrisul's online and mobile banking operations. The Ezio Mobile Token Application provides highly secure software that transforms mobile phones and tablets into strong authentication devices. The Mobile Token app implements leading security standards and is now integrated into the Banrisul mBanking solution. It generates One-Time Passwords (OTP) and transaction signatures, enabling seamless authentication of users across all banking channels using their own mobile device.
According to the Brazilian Banking Federation, mobile banking experienced exponential growth of 184% in 2013 boosted by the wide use of smartphones in all social classes. The number of Internet and mobile banking transactions has already surpassed those facilitated in bank branches, ATMs and contact centers combined1.
"Our collaboration with Gemalto started with the EMV and PKI solutions, which combine secure transactions and digital signature authentication in one smart card," said Jorge Krug, IT Security Superintendent, Banrisul. "The integration of Ezio technology into the Banrisul mBanking solution is the ideal option to keep Banrisul at the forefront of simple, secure mobile solutions that enhance our customers' experience and streamline our operations."
"Our scalable solutions are being deployed to meet Banrisul's ongoing needs as mobile banking continues to grow toward becoming as widespread as Internet banking in Brazil," said Hervé Bayle, Vice-President, eBanking, Americas, Gemalto. "Our Ezio solution will be embedded into Banrisul's banking app to further simplify and secure transactions, taking advantage of the infrastructure already in place."
1According to the annual IT banking survey carried out by the Brazilian Banking Federation.
Contributed | what does this mean?