Banking & Payments
Card skimming and ATM malware have forced banks to rethink consumer fraud protection. When ATM cards, PINs and passwords are stored in one place, hackers can commit widespread account fraud by attacking a single point of failure – the ATM.
The solution is to move authentication keys to the user’s mobile device and enable fully card-less security.
This approach – known as Decentralized Authentication – has enabled banks and ATM manufacturers to provide customers a secure mobile-first banking experience that’s immune to card skimming and account fraud
With Anzen ID, your users can authorize ATM transactions from their mobile device without having to remember pins or passwords.
Anzen ID SDK allows you to provide a secure card-less authentication for your cardholders with a simple app based implementation.
With Anzen ID, your ATM does not require additional hardware to enable card-less authentication and communicates with the mobile device via HTTPS.
By decentralizing user authentication, we can stop mass ATM breaches, eliminates card skimming, and sets the foundation for secure card-less transaction.
For Online Transactions,
Anzen ID provide secure way of approval for various transactions in financial institutions. Decentralised biometric authentication for transaction makes them more secure compared to traditional password based authentication