Authentication

Backbase And Entersekt Team To Deliver Authentication Tech

Backbase, an omnichannel digital banking company, and Entersekt, a transaction authentication and mobile security company, announced last week they have partnered to deliver authentication technology that they say delivers an intuitive, no-fuss experience for customers.

Under the terms of the deal, Backbase will offer Entersekt’s push-based software for authenticating payments and other high-risk transactions through the Open Banking Marketplace. Through the partnership, customers of Backbase can choose the authentication solution that best matches their needs. The Backbase Open Banking Marketplace is an online marketplace through which numerous FinTech applications can be integrated in a Backbase-powered bank. Entersekt’s technology is already proven to work with Backbase software through multiple implementations, including Swisscard in Switzerland, the companies said.

“Entersekt shares Backbase’s vision of frictionless, on-the-go and always-on digital banking. 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,” said Dewald Nolte, Entersekt’s SVP of partners and alliances, in a press release announcing the partnership. “With Entersekt’s authentication and app security technology, they can make the most of mobile’s unparalleled potential for convenient self-service, personalization and customer engagement.”

Jouk Pleiter, CEO and cofounder of Backbase, said, with the Open Banking Marketplace, the company is realizing its vision to offer what it says is best-of-breed FinTech solutions to its customers. “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. We’re happy with this partnership because, by adding solutions like Entersekt’s to our platform, we can speed up innovation and deliver to our customers the best that’s available in the fast-moving FinTech field,” he said in the press release.

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