TwoSecure Momentum Release

4 months ago

19 May 2008:

Fronde Anywhere sees uptake of mobile two-factor authentication solutions.

Fronde Anywhere, a global provider of mobile financial services and multi-factor authentication solutions, has reported significant uptake of its mobile two-factor authentication platform, TwoSecure™. Since the product’s launch in April 2007, TwoSecure™ has been deployed by organisations in a range of sectors. Customers include a tier one French bank; a major Australasian telecoms provider; a German financial Institution; m35 in the UK; and an electronic payments switch for verification of online debit payments. It is also currently being piloted by a district health board for verifying doctor identities when accessing patient records. The product line is available through Fronde Anywhere global partners Logica and CSC, and regional partner RSSS in South Africa.

Many of the TwoSecure™ user organisations have implemented this solution as a more user-friendly and cost-effective replacement for hardware tokens for their identity authentication requirements. The TwoSecure™ product line generates one time passwords (OTPs) via a Java application stored on the mobile phone. It also includes an SMS module to enable delivery of OTPs to the phone via a text message.

TwoSecure™ secures Internet banking transactions and login by eliminating the risk of third parties assuming the user's identity, while TwoSecure™ Enterprise gives employees a second level of authentication when they remotely access business networks and systems. By also preventing man-in-the-middle attacks, the platform mitigates against threats such as Trojan.Silentbanker, a Trojan horse that has the ability to steal confidential financial information by defeating traditional two-factor authentication measures.

“By giving businesses confidence in their network security, and consumers’ confidence in online banking, TwoSecure™ addresses a clear market need. It has an extensive sales pipeline, including significant prospects with banks and enterprises in Europe and the U.S.,” said Caroline Dewe, CEO of Fronde Anywhere. “Not only is it easy to use, deploy and roll-out, but its uses are practically limitless. We are now also seeing organisations looking to use this technology to further secure transactions at the point of sale.”

TwoSecure™’s transaction signing capability adds an additional layer of security to a transaction, and prohibits any third party to hijack a transaction, as the OTP used by the customer is useless for any other transaction other than the one intended. The solution, which can be configured to support incremental levels of security, has passed independent security audits, performance testing by IBM, and device testing by SQS. It can be offered on hosted software as a service basis or implemented direct.

TwoSecure™ has won several prestigious industry awards including Consensus Software Award 2008, HiTech Award - Innovation Category 2007, Technology Commendation Award 2007 and IBM Business Partner Award 2007.

Press contacts for Fronde Anywhere
Natalie Shamshoum
Metia
Tel: +44 (0) 20 3100 3655
Email: natalie.shamshoum@metia.com
Or
Alisha Benson
Metia
Tel: +44 (0) 20 3100 3739
Email: alisha.benson@metia.com

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Consensus Award win

4 months ago

8 May 2008:

Fronde Anywhere wins leading Australian software product award.

Fronde Anywhere’s TwoSecure™ solution was the only New Zealand software product to win a 2008 Consensus Software Award, one of Australia’s most prestigious technology awards. The Awards recognise innovative software products with both the proven performance and the market potential to succeed internationally. All entrants must undergo a rigorous judging process which includes shortlisted nominees presenting to a panel of 10 international judges from a range of disciplines.

The Consensus judges said:

“TwoSecure™  is an exciting new product with the potential to replace the myriad of token generating devices popular in the operation of many popular Internet and private enterprise remote access applications. Based on any java enabled modern mobile phone, it has the opportunity to enable "one stop" access without replacing any of the security systems already in place. Instead of carrying several tokens to access Internet banking, or enterprise VPNs, this solution could effectively support effective token generation on an individual's familiar mobile phone.”

Fronde Anywhere’s entry was supported by IBM’s business partner teams in Australia and New Zealand who have contributed significantly into the international success of TwoSecure™  by providing validation for the product’s performance via access to the IBM Innovation labs for performance testing and benchmarking.

Caroline Dewe, CEO of Fronde Anywhere comments that “we see this technology having the potential to change the face of the identity management industry. With banking regulatory bodies around the world starting to mandate that banks implement some form of multi factor authentication in order to protect customer’s identities and funds. TwoSecure™ is ideally placed to meet a very strong and growing market need."

The winners were announced in Sydney this week.

About the Awards

Now in their ninth year, the Consensus Software Awards identify the most innovative software designed and developed in Australia and New Zealand. The Awards are endorsed and supported by Austrade, NZ Trade & Enterprise, the Australian Computer Society and the NZ Computer Society. IBM and Microsoft are the major Sponsors.  Bartier Perry, BDO, Hudson and PIP are co-sponsors. The Awards are judged by a panel of over 50 independent judges who can chose as many or as few Awards as they wish based upon the three main criteria of Innovation, Performance and Potential. In 2008 only nine awards were given out.

 

About Fronde Anywhere

Fronde Anywhere’s current awards include: Consensus Software Awards 2008 – Winner; 2007 IBM Business Partner Award for Industry Innovation, Winner; Foundation for Research, Science and Technology 2007, Technology Award Commendation; Hi-Tech Awards 2007, Finalists in Innovation Category; TUANZ Innovation Awards 2007, (& KiwiBank) “Mobile Application of the Year”; Financial Innovation Awards 2007, Best Direct Channels Initiative - Mobile Phone; TUANZ Innovation Awards, short-listed for the during its first year of operation.

Fronde Anywhere offers mobile financial services and multi-factor authentication solutions for retail banks and the wider financial services industry. Its portfolio of user-friendly solutions enables customers to make payments and bank transactions via their mobile device from any location. Fronde Anywhere’s mobile technology provides enhanced security for authenticated access to online banking or remote networks.

The company has built its reputation on the proven delivery and implementation of first to market mobile products and solutions that deliver real business benefits to its clients.

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CEO Announcement

5 months ago

1 April 2008:

Fronde Anywhere appoints Caroline Dewe as new CEO.

Fronde Anywhere, a global provider of mobile financial services and multi-factor authentication solutions, today announced the appointment of Caroline Dewe as CEO. Dewe previously held the position of vice president for products and marketing and was responsible for the company’s go-to-market vision and strategy, including the product portfolio roadmap.

Ian Clarke, CEO of parent company Fronde Systems Group, commented: “Caroline has been instrumental in the company’s global traction so far and is the ideal candidate to drive its growth and development. We are fully behind her leadership.”

Dewe takes over the role of CEO from Dean Johnson, who has stepped down. She is considered one of the industry thought leaders in mobile banking and payments. Her background includes her executive role as the head of the product development business unit within Fronde Systems Group, Fronde Anywhere’s parent company.

Caroline Dewe, Fronde Anywhere’s new CEO commented: “Having been with the company since its inception a year ago, I am delighted to take on the role of CEO. Our goal is to empower organisations to successfully enhance their business through mobile technology. I am confident that Fronde Anywhere will continue its strong progression thanks to the strength of its mobile payments, banking and multi-factor authentication solutions.”

Dewe is supported closely by chief technology officer, Antony Williams and SVP Products, Craig Eades. Continuing to head up European sales for Fronde Anywhere is London-based Marc Philippo. The company’s chief financial officer is currently Vicky Donaldson.

Fronde Anywhere is currently recruiting for senior positions within the organisation and on the Board. This includes sales and operational support in the UK and New Zealand. Fronde Anywhere will also be looking to increase resource in North America towards the end of 2008.

 

Press contacts for Fronde Anywhere

Natalie Shamshoum
Metia
Tel: +44 (0) 20 3100 3655
Email: natalie.shamshoum@metia.com
Or
Alisha Benson
Metia
Tel: +44 (0) 20 3100 3739
Email: alisha.benson@metia.com

 

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2008 Consensus Software Awards

5 months ago

31 March 2008:

Fronde Anywhere nominated for a 2008 Consensus Software Award.

Fronde Anywhere’s leading two-factor authentication product, TwoSecure™, has been nominated for a 2008 Consensus Software Award. In order to be eligible for a Consensus Software Award, the product must be Australian or New Zealand designed. The judging was based upon three main criteria of Innovation, Performance and Potential.

TwoSecure™ provides an easy to use two factor authentication application that generates one time passwords (OTPs) via an application that is downloaded to, and stored on the mobile phone.

Caroline Dewe, CEO of Fronde Anywhere comments that “we see this technology having the potential to change the face of the identity management industry. With banking regulatory bodies around the world starting to mandate that banks implement some form of multi factor authentication in order to protect customer’s identities and funds. TwoSecure™ is ideally placed to meet a very strong and growing market need."

Entrants will be presenting their solutions to the judging panel on 11 April in Sydney.

About the Awards
Now in their ninth year, the Consensus Software Awards identify the most innovative software designed and developed in Australia and New Zealand. The Awards are endorsed and supported by Austrade, NZ Trade & Enterprise, the Australian Computer Society and the NZ Computer Society. IBM and Microsoft are the major Sponsors.  Bartier Perry, BDO, Hudson and PIP are co-sponsors. The Awards are judged by a panel of over 50 independent judges who can chose as many or as few Awards as they wish based upon the three main criteria of Innovation, Performance and Potential.

For more information, click here

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Juniper Research Report_070308

6 months ago

7 March 2008:

Fronde Anywhere included in recent Juniper Research Report.

Fronde Anywhere has been included in Juniper Research’s recent report titled Mobile Financial Services: Banking & Payment Markets 2007-2011. This report focuses on the activities and strategies of the main players within the mobile finance industry and provides practical market projections up until 2011.

The 168 page report analyses the various mobile banking markets as well as providing forecasts for mobile banking, mobile financial information services (messaging), mobile funds transfer, mobile bill presentment & payment (MBPP), and mobile account management & customer service.

For more information about the report, and to learn how to purchase, please click here

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