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Infosys Finacle Joins Hands with Onegini for digital banking

By CIOReview | Tuesday, May 10, 2016

FREMONT, CA:  Infosys Finacle and software firm Onegini have revealed their partnership to consolidate Onegini’s mobile security platform by introducing Finacle banking solutions to it.

Using this solution, Infosys, enables banks to provide customers a choice to pick “advanced” authentication technique, including fingerprint, eye, facial, and voice recognition and also blended with multi-factor authentication. The end-user will be offered with various authentication methods depending on location, device and type of transaction.

 “A bank is no longer somewhere to go – you carry it with you,” said Anirban Dey, president of customer and operations at EdgeVerve which is a part of Infosys Finacle.

Onegini is a software company that targets on security of personal data to be used in mobile apps. It has established its offices in Netherlands and Poland.

The authentication area of the fintech industry has been fast moving for a while. HSBC has launched touch security services and voice recognition in the UK by deploying US-based Nuance Communications’ technology. First Direct which is a division of HSBC, are providing their customers with the biometric recognition system.

Although, Barclays has already ebraced voice recognition software to its corporate clients ahead of HSBC, while RBS and NatWest have come up with fingerprint technology last year.

Atom Bank is also taking keen interest in the proceedings. They say, “We’re starting with face and voice biometrics, but we’re already working on adding fingerprint to the list.”