HID Global Announces Cloud-First Approach to Consumer Authentication Security for Banking Customers

AUSTIN, Texas–(BUSINESS WIRE)–lt;a href=”https://twitter.com/hashtag/HIDGlobal?src=hash” target=”_blank”gt;#HIDGloballt;/agt;–HID Global®, a worldwide leader in trusted identity
solutions, today announced advancements of its banking offerings with
its new HID Authentication Service. The solution enables existing
financial institutions and new digital startups to better facilitate
secure digital banking transactions. The HID Authentication Service,
which is a trusted identity platform, is on display at the Temenos
Community Forum
(TCF) event in The Hague, Netherlands, April 2-4,

As the top-selling
Temenos MarketPlace provider
for 2018, HID Global is unveiling this
week new capabilities with the HID Authentication Service to further
improve integration with the T24 core banking platform and extend
authentication services to the Temenos Internet Banking (TCIB), Mobile
Banking (TCMB), and User Administration (TCUA) modules.

The HID Authentication Service includes interoperable APIs to allow for
standard integrations with third-party software, while also setting
customers up for easy scalability, testing and deployment of the
multi-tenant HID Authentication Service. The HID Risk Management
Solution (RMS), a real-time risk profiling technology that protects
financial transaction systems and banking applications against
cybercriminals, is offered as part of the same suite of cloud services.

“The global digital banking market is expected to reach nearly $9
trillion (USD) by 2025, and this expansion is driven by the opportunity
to provide new services in new markets,” said Ben Robinson, Temenos
Chief Strategy Officer & Head of MarketPlace
. “A ‘cloud-first’
security strategy that easily integrates with Temenos’s T24 banking
software is not only desirable for speed-to-market and flexibility, but
is also a requirement for compliance in many cases.”

A growing regiment of regulations, including GDPR, PSD2 and the Hong
Kong Monetary Authority virtual bank guidelines, require multifactor
authentication for banking and financial service transactions. Cloud
authentication services enable banks to deliver the necessary levels of
security, convenience and compliance for user access. The ISO27001
certified HID Authentication Service provides a secure audit trail of
actions and events ̶ who did what, when ̶ so that banks can demonstrate
compliance and pass audit requirements.

“By migrating to the cloud for identity and access management, banks are
able to focus on their core business and devote more time and resources
to delivering better banking solutions,” said Olivier Thirion de
Briel, Global Solution Marketing Director for Financial Institutions,
IAM Solutions, with HID Global
. “The innovation in IAM cloud
services that HID is bringing to the banking industry creates a user
experience that adds value to consumer banking offerings, aligned to the
digital growth goals and customer satisfaction priorities of a bank.”

HID Global is showing the HID Authentication Service solution at the Temenos
Community Forum
(TCF) in The Hague, Netherlands this week. Visitors
can see demos and discuss how HID’s cloud-first, API-first approach will
strengthen their digital banking security.

For more information about the HID Authentication Service, please visit here.

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About HID Global

HID Global powers the trusted identities of the world’s people,
places and things
. We make it possible for people to transact
safely, work productively and travel freely. Our trusted identity
solutions give people convenient access to physical and
digital places and connect things that
can be identified, verified and tracked digitally. Millions of people
around the world use HID products and services to navigate their
everyday lives, and over 2 billion things are connected through HID
technology. We work with governments, educational institutions,
hospitals, financial institutions, industrial businesses and some of the
most innovative companies on the planet. Headquartered in Austin, Texas,
HID Global has over 3,000 employees worldwide and operates international
offices that support more than 100 countries. HID Global® is an ASSA
ABLOY Group brand. For more information, visit www.hidglobal.com.

© 2019. HID Global Corporation/ASSA ABLOY AB. All rights reserved. HID,
HID Global, the HID Blue Brick logo, and the Chain Design are trademarks
or registered trademarks of HID Global, ASSA ABLOY AB, or its
affiliates(s) in the US and other countries and may not be used without
permission. All other trademarks, service marks, and product or service
names are trademarks or registered trademarks of their respective owners.


HID Global
Anthony Petrucci
Senior Director, Corporate
Communications & Public Affairs

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