Russian banking services provider VTB24 has implemented Gemalto’s Ezio Mobile Protector smartphone-based secure software app solution.
The app provides secure generation of One Time Passwords (OTPs) for validation of remote banking transactions via a convenient application running on the customers' mobile device. The implementation was made in cooperation with Russian IT integrator CompuTel.
Gemalto's Ezio Mobile Protector offers a robust and cost efficient authentication solution for online banking which provides extended access to mobile financial services. VTB24, which operates over 1,000 branches across 72 regions in Russia, began roll-out of the new service this March under the Token VTB24-Online brand. The new service is available for individuals through the VTB24-Online system, and soon it will be available for legal bodies and individual entrepreneurs through the "bank-client online" system.
VTB24 customers only have to install an app on their existing Android, iOS, Windows Phone smartphone or tablet and register it through VTB24-Online banking system to enjoy instant generation of OTPs anytime, anywhere, eliminating the need to carry any additional devices. For VTB24, the adoption of Ezio Mobile Protector removes costs associated with SMS and push messages and allows VTB24 to increase the limits of transactions performed via online or mobile banking for its customers. The solution also works in offline mode and does not require cellular coverage or Internet connection, so that authentication service is still available even when a customer is for example travelling overseas.
Gemalto's solution provides VTB24 with all the security features of its Ezio Mobile Protector which ensures a comprehensive protection against major sophisticated cyber-threats. Thanks to its local OTP generation and multiple layers of security, this solution increases protection against such attacks as SIM swap and SMS malware, which forward OTPs to hackers. The authentication centre of VTB24, integrating Gemalto's Ezio Enrolment and Provisioning Server (EPS), guarantees secure distant registration of new mobile tokens and performs the OTP verifications. A high degree of flexibility and scalability of the solution will enable the bank to implement additional features within the Ezio Mobile Protector, such as QR codes and biometric authentication.
