Backbase and Entersekt Team Up for Digital Banking Authentication

Digital banking software specialist Backbase announced today that it has partnered with Entersekt to use its authentication capabilities on the Backbase Open Banking Marketplace.

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Push-Based Authentication

Backbase helps financial institutions create, manage, and optimize secure omni-channel customer interactions via its customer experience platform, Backbase CXP.

The focus is on creating frictionless customer journeys for our end-customers.

The company's Backbase DBP digital banking solution includes the omni-channel and customer experience power provided by Backbase CXP and is optimized for retail banking, commercial banking and wealth management scenarios.

Backbase will offer banks push-based authentication and transaction signing integrated in its omni-channel digital banking platform who can select the authentication solution best suited to their needs.

Commenting on the partnership, Jouk Pleiter, CEO and co-founder of Backbase, said: “The focus is on creating frictionless customer journeys for our end-customers. Entersekt’s products fit this vision, because it offers easy to use, rock solid security perfectly integrated with our platform. By adding solutions like Entersekt’s to our platform, we can speed up innovation and deliver to our customers the best that’s available in the fast-moving Fintech Fintech Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Financial Technology (fintech) is defined as ay technology that is geared towards automating and enhancing the delivery and application of financial services. The origin of the term fintechs can be traced back to the 1990s where it was primarily used as a back-end system technology for renowned financial institutions. However, it has since grown outside the business sector with an increased focus upon consumer services.What Purpose Do Fintechs Serve?The main purpose of fintechs would be to suppl Read this Term field.”

With headquarters in Amsterdam and Atlanta and regional operations in London, Mumbai and Singapore, over 70 large financial corporations around the world including ABN AMRO, Barclays, Credit Suisse, ING and Westpac have standardised on the Backbase platform for digital self-service and online sales operations.

Entersekt

Entersekt provides push-based authentication and mobile security solutions which are built to restore the bond of trust banks share with their customers while avoiding reliance on the open internet for user and transaction verification.

Dewald Nolte, Entersekt’s SVP partners and alliances, said: “With the partnership banks can help banks fast track their future by enabling digital services that would be considered too risky or unfeasible using a channel other than the branch”.