Philippines-based BancNet, an interbank network of 116 local and international banks, has selected Gemalto to secure its mobile banking services.
Banknet will use a Gemalto authentication server and mobile token to enable customers to pay their bills, check account balance, and transfer funds from their accounts with any member bank, using their computers and mobile devices to perform multi-layer authentication and transaction verification. BancNet serves some 40 million cardholders.
The Gemalto solution will enable stronger user-authentication through mobile phones, tablets, and other computer devices.
Gemalto's authentication server is compatible with all open standards, enabling easy integration with BancNet's legacy systems.
"We chose Gemalto because they are a leader in user authentication, with a proven track record in the Philippines," said Aristeo Zafra, Jr., BancNet General Manager and Chief Operations Officer.
"Their solution will enable our customers to access their bank accounts using mobile devices as their primary authentication device, with a greater sense of security. They would not need to carry or register multiple tokens."