Infosys Finacle, part of EdgeVerve Systems, a product subsidiary of Infosys (NYSE: INFY), and Onegini today announced a partnership to integrate the Onegini mobile security platform with Finacle banking solutions.
The integration will allow banks to provide their customers enhanced security to access and transact across channels. Using this solution, banks can offer customers an option to select advanced authentication methods, including fingerprint, facial, eye and voice recognition as well as multi-factor authentication for added security as they transact on devices. The end-user will be presented different authentication methods depending on device, location and type of transaction.
Andy Dey, President of Customer & Operations at EdgeVerve, said, “A bank is no longer somewhere to go – you carry it with you. This offers a new level of convenience, but at the same time our customers demand secure solutions. Through this partnership, we aim to provide advanced security with convenience to customers.”
“Since we started the company, we have worked with many multinational enterprises in the financial industry. By combining EdgeVerve’s product capabilities and deep experience with global banks, we will further strengthen our combined offering to reach new markets and customers in the digital era,” said
Denis Joannides, CEO, Onegini.
Onegini is an international software company and focuses on security and user-friendly disclosure of personal data for the use in mobile apps. Organizations such as AEGON, ING/NN, and the Dutch Railroads use Onegini to address the growing need for digitization of customer access.
Onegini has offices in the Netherlands and Poland.
About Infosys Finacle
Finacle is the industry-leading universal banking solution from EdgeVerve Systems, a wholly owned subsidiary of Infosys. The solution helps financial institutions develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. Today, Finacle is the choice of banks across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population.
Finacle solutions address the core banking, e-banking, mobile banking, CRM, payments, treasury, origination, liquidity management, Islamic banking, wealth management, and analytics needs of financial institutions worldwide. Assessment of the top 1000 world banks reveals that banks powered by Finacle enjoy 50 percent higher returns on assets, 30 percent higher returns on capital, and 8.1 percent points lesser costs to income than others.
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About EdgeVerve Systems Ltd
EdgeVerve Systems, a wholly owned subsidiary of Infosys, develops innovative software products and offers them on-premise or as cloud-hosted business platforms. Our products help businesses develop deeper connections with stakeholders, power continuous innovation and accelerate growth in the digital world. We power our clients’ growth in rapidly evolving areas like banking, digital marketing, interactive commerce, distributive trade, credit servicing, customer service and enterprise buying.
Today EdgeVerve products are used by global corporations across financial services, insurance, retail and CPG, life sciences, manufacturing, and telecom. Finacle, our universal banking solution, is the choice of financial institutions across 84 countries and serves over 547 million customers – nearly 16.5 percent of the world’s adult banked population.
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