Colorado-based lender FirstBank has selected Entersekt’s multi-factor authentication product known as Transakt to improve mobile banking security.
Transakt leverages digital certificates and proprietary validation techniques to identify each enrolled mobile phone or tablet and convert it into a trusted second factor of authentication, Entersekt said in a statement.
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The Transakt Software Development Kit will be integrated into FirstBank’s mobile banking app to offer an one-touch authentication experience that meets FFIEC and international regulatory standards on out-of-band, multi-factor authentication.
Entersekt further said that in order to offer a one-touch user experience, the bank has deployed a fingerprint biometric feature through Transakt.
The authentication involves a single touch in response to a pop-up verification request, and eliminates the requirement for one-time passwords or challenge questions.
FirstBank chief operating officer Jim Reuter said: "Our mobile app has been incredibly well-received by our customers since we launched it in 2014. Adding one-touch authentication will further enhance what is already one of the most progressive, easy-to-use mobile banking technologies on the market."
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