TwoSecure for financial institutions

A user friendly solution for two factor authentication to give customers and banks confidence that their funds are safe

Self service channels such as the internet or ATMs have made it much easier for banks to reach their customers any time; however these types of channels are inherently more open to security threats. The challenge for banks is how to ensure sufficient security, without inhibiting their customers' usage.

Regulatory pressure is coming on banks in some countries where central banks are mandating the implementation of second factor authentication solutions for internet banking customers.

Traditional physical hardware solutions for two factor authentication are costly to distribute and administer. do not necessarily mitigate against standard threats such as man in the middle attacks, and cause intense frustration for customers when denied internet banking access due to lost or forgotten tokens.

TwoSecure offers banks a secure and cost effective solution that enables remote provisioning of large numbers of users in real time with a two factor application that is stored on the mobile phone. TwoSecure can include Anywhere's alerting engine to enable a more comprehensive security service to consumers that includes SMS security alerts on unusual account and credit card transactions. 

Key features and attributes:

Proven security

• Mitigates against standard threats including phishing
• Transaction signing to mitigate against man in the middle attacks
• Use of industry standard OATH compliant algorithms
• End to end security of the distribution process

 Reduce costs

• No distribution costs - real time provisioning and suspension of users
• Easy administration and user management
• One installation can be shared for customers and staff\

Customer needs

• Easier to use than hardware tokens - no additional devices to carry or lose
• Secure access to internet banking when roaming
• Confidence that their funds are safe 

 TwoSecure can be deployed as a standalone product; or run from a shared installation of Anywhere mobile banking and payment services.

About the Anywhere platform

Anywhere provides banks and financial institutions with one platform for mobile banking, payments and mobile authentication. Banks can license what they want to deliver today, and enable additional products over time via a single installation of the system.