HID Global Risk-Based User Authentication Tool Goes Live on Temenos MarketPlace

PRESS RELEASE

AUSTIN, Texas, November 12, 2019 – HID Global, a worldwide leader in trusted identity solutions, today announced it has collaborated with Temenos (SIX: TEMN), the banking software company, to integrate HID’s risk-based authentication solution with Temenos Infinity, a breakthrough digital front office product, and Temenos T24 Transact, the next generation in core banking. The joint offering, available on-premise or in the cloud, provides an agile, simplified path to secure digital banking, reducing the time and cost of delivering risk-based adaptive authentication, threat detection, and transaction signing on the Temenos platform. As part of the integration, HID Global’s authentication solution can now offer self-service functions to over 3,000 Temenos customers through Temenos MarketPlace.

Temenos MarketPlace serves as an online store, where Temenos curates the most innovative fintechs and connects them with financial institutions from around the world. HID Global’s authentication solution for Temenos customers combines its ActivID® Authentication Platform with the HID Risk Management Solution featuring real-time risk profiling technology. Also included is HID Approve™, a next-generation multi-factor authentication solution for online and mobile banking customers that combines the security of public key-based cryptography and mobile-based out-of-band transaction signatures with the convenience of mobile push notifications.

“HID has partnered with Temenos for more than a decade to provide solutions for nearly 100 banks worldwide,” said Brad Jarvis, Vice President and Managing Director of Identity & Access Management Solutions (IAMS) with HID Global. “This latest collaboration streamlines banks’ ability to implement advanced user authentication services with Temenos Infinity and Temenos T24 Transact. The pre-configured integration makes it easier than ever for Temenos customers to deploy out authentication tools without any customized development.”

HID Global’s three plug-and-play components for risk-based authentication are tightly integrated with Temenos Infinity and Temenos T24 Transact. They provide several key capabilities that enable existing financial institutions and new digital startups to better facilitate secure digital banking:

“As more and more customers bank through digital channels, incidents of fraud naturally increase, and the ramifications to both bank and consumer can be massive,” said Adam Gable, Product Director – Financial Crime Mitigation, Treasury and Risk, Temenos. “Banks need to protect their customers as well as retain them and improve trust. Using a combination of innovative technologies and techniques, HID’s risk-based authentication solution means customers benefit from improved security at the source of the financial transaction – the device. The solution is a great addition to the Temenos MarketPlace, pre-built to work with the cloud-native and cloud-agnostic Temenos Infinity and Temenos T24 Transact. With this integration, Temenos customers will benefit from reduced cost and complexity of integration, while gaining access to a greater variety in security options.

“We are very excited to see our long-standing relationship with HID further strengthened with the introduction of this risk-based user authentication solution,” said Paul Roberts, Director – Temenos MarketPlace. “In today’s digital banking world, this solution brings essential protection and additional peace of mind for both banks and their customers.”

The multi-tenant HID Authentication Service includes interoperable Application Programming Interfaces (APIs) to allow for standard integrations with third-party software and supports easy scalability, testing and deployment.

Click here for more information about HID’s advanced multi-factor authentication for banking.