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Cathay United Bank better secures its online banking services

Kareyst Lin | Sept. 16, 2016
The bank uses Gemalto’s solution to transform mobile devices into secure two-factor devices.

Taiwan's Cathy United Bank (CUB) has deployed digital security company Gemalto's Ezio Mobile suite to secure its online banking services, Gemalto said in a press statement on 14 September 2016. The suite will replace CUB's current SMS-based system.

The Ezio Mobile suite enables CUB's customers to securely access their bank's services from their computers, tablets and smartphones, using their mobiles as authentication device.

As a result, CUB is able to offer an enhanced user experience to its customers and save costs. They also meet the new government regulation requiring Two-Factor Authentication (2FA).

The Ezio Mobile suite transforms mobiles into secure two-factor devices, generating One Time Passwords and transaction signatures for authentication across all banking channels. It also delivers push notifications and authorisation requests for Out-of-band authentication.

The mobile offering is further strengthened with a SafeNet Hardware Security Module at the backend to secure sensitive data

"Consumers are increasingly moving towards mobile banking, with smartphone as the key device in their possession," said Suzanne tong-Li, President for Greater China and Korea at Gemalto. "With a broad portfolio of mobile-based solutions, we can support CUB in deploying their digital banking vision for maximum customer outreach."

Gemalto will provide support and maintenance services for the smooth deployment of the solution.

 

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