Secured Internet Banking Channel for Private Banking Clients in APAC
Customer
Leading European Private Bank
Industry
Financial Services
Size
100,000 employees
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Challenge
Internet banking channel to serve private banking clients in Asia Pacific region while complying with the security guidelines outlined by central banks, including:
1) End-to-End Encryption Authentication Process
2) Flexible User Administration solution with granular administration and delegation
3) End-to-End Protection of customer PIN
Solution
• AccessMatrix Universal Authentication Server (UAS) E2E Encryption Module as the standard authentication platform
• AccessMatrix E2EE creates a secured channel between the customer’s PC and Hardware Security Module (HSM). The password can only be decrypted for verification by the HSM.
• 3 control options for granular administration delegation
Results
• Complies with local regulatory mandate
• Promotes confidence and integrity of high net-worth clients’ access
• Convenient yet secure authentication risk-based approach for internal and external users
• Permits cross business unit usage for authentication devices, enhancing users’ experience and reduces cost of management