Backbase, a provider of digital banking solutions, has partnered with Entersekt to use the latter’s authentication capabilities on its Open Banking Marketplace.
The Open Banking Marketplace of Backbase is an online marketplace where several fintech applications can be integrated in a Backbase-powered bank.
The new partnership will enable Backbase to offer Entersekt’s push-based software for authenticating payments and other high-risk transactions through this marketplace.
Backbase CEO and co-founder Jouk Pleiter said: “With the Open Banking Marketplace, Backbase has the vision of offering best-of-breed fintech point solutions to our customers, seamlessly integrated in the overall Backbase Digital Banking platform.
“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.”
Entersekt said that the alliance will help Backbase customers select the authentication solution “that best meets their needs”.
Entersekt SVP Partners and Alliances Dewald Nolte said: “With this partnership, we believe we 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.”