iDGate Bank 3.0 authentication solution provides e-banking with a convenient one time password (OTP) generation and authentication system using push notification technology. Supporting Android and iOS, the systems replaces the short message service (SMS) OTP option currently used with a more cost-effective solution that does not require the banks to deliver auxiliary security devices to end users. The solution is used for transaction approvals where completed details are sent securely to the users’ smartphone from the authentication system for authorization.
iDGate Bank 3.0 authentication solution integrates with Thales nShield Solo and Connect hardware security modules (HSMs) to protect and manage the cryptographic keys used to secure the session with the end-user’s smartphone within a FIPS 140-2 Level 3 environment. Providing additional dual supervision and control, the integration establishes a foundation of trust in the e-banking system.