is also building a network of investors and entrepreneurs who want to support teams to build apps and businesses in this new model. Apps cover a wide variety of use cases, including analytics of social media habits, emotional content of social posts, financial insights, accessing and sharing health records, risk monitoring of chronic diseases, vaccine alerts when traveling, and importing social data and photos. Today’s announcement of the “iTunes of personal data” highlights 9 original apps, with dozens more in development. Apps are required to adhere with the new GDPR (General Data Protection Rules) laws in Europe, while existing apps can integrate technology. This allows app developers to access far richer data to create the best possible experiences and benefits for users, while providing users with the peace of mind that their data remains under their control. Each user decides where their data will be stored and how and when it can be decrypted and used by apps. The company’s privacy and security technology enables innovative new ways for data to be used by apps while protecting a user’s privacy, including app-to-app sharing without data ever leaving a user’s device. We have built the foundation for exactly that, while also addressing the liability of storing that data.” “Developers have always dreamed of being able to innovate with a near perfect set of a user’s data. “The benefits for developers willing to respect a user’s control of their data are virtually unlimited,” said Tarik Kurspahic, EVP of Technology for. “While other copies of that data may exist in corporate or government silos, we as individuals have the unique advantage of being able to combine all of it in one place and give clear consent to its use.”
“We are offering a solution that gives people control over the single most important input in the digital world - their own data,” said Shane Green, CEO (US) of. “DigiMe continues an evolving journey to increase the trust our customers have of our digital platforms and provides them with real benefits in the form of increased safety and convenience when they do their banking,” he concluded. Van der Hoven added the new facial recognition solution will also come to the bank’s Internet banking platform but only at a later stage. The steps require an official identification document, passport or smart ID and a selfie to set up the facial recognition. This prompts users to begin the process to activate the DigiMe strong authentication. However, it has significantly changed in recent years, becoming a 24-hour activity that consumers conduct on their mobile phones.Īs result, functionality has to be flexible and secure, he stated.Īvailable from today to the bank’s app users, the new security feature can be activated via the bank’s mobile app on the user’s profile where they can select the ‘link and secure your profile’ feature. Van der Hoven said banking was previously mainly made up of 9am to 3:30pm transactions.
DIGIME PRINTS VERIFICATION
Last year, the big-four bank said the business saw strong digital volume growth across Instant Money, the SBG mobile app and value-added services, as well as card-based transactions.įind out more about Remote Biometric Verification (KYC) for Seamless User Onboarding Standard Bank has seen significant gains in its digital banking platforms, indicating its customers increasingly prefer digital channels over traditional channels.
This means implementing systems and controls that keep up with the evolution of customer preferences and cyber risks.” “It is critical for Standard Bank to be one step a head in the race to provide safe and secure digital banking. The bank’s new security layer is meant to give consumers the power over their banking profile by increasing the security on banking platforms, said Andrew van der Hoven, head of digital banking at Standard Bank. In order to bring its mobile banking security offering to market, Standard Bank is closely working with the Department of Home Affairs and provider of remote biometric identity authentication, iiDENTIFii.
DIGIME PRINTS CODE
Following the introduction of multi factor-authentication, which included QR code and fingerprint biometrics, on its app, Standard Bank has now rolled out the next phase of its digital banking security.ĭubbed DigiMe, the new security layer makes use of the latest biometric and facial recognition software, combined with multi-factor authentication, to create a safe and secure banking experience on a mobile device.
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