Solution For Financial Institutions
We Want To Do Online Transactions
Many of us are using the online channel for transactions due to its convenience and availability. Financial institutions are encouraging their clients to use this channel as they leverage the low cost nature of the Internet to reach their customers, offering new services and to protect or to gain market share.
The Challenges We Are Facing
Offering an online service has its risks. Financial insitutions have invested in Internet security to keep their online strategy on track. But with the increased sophistication of attacks and the vulnerability in current technology, this threatens the organisation's online strategy. The threat of Man-In-The-Browser is very real and can overcome existing 2-Factor authentication. Janus Vs Man In The Browser
There are many challenges for the financial insititutions such as technological, financial and legislative pressures. In a global and networked economy, more and more people need access to key resources and applications. The industry knows solely relying on username and password is no longer acceptable for online banking and are moving to other authentication methods such as hardware tokens. Gartner (2004) noted however, “hardware tokens may not be acceptable in some markets, where their use may encourage customers to move to competitors, Banks may have to investigate alternative, token-less methods that better suit their customer and retail banking offerings (authentication tokens aren’t essential for online banking”.
A Very Good Solution For Consideration
45% of banking customers would like to completely guarantee against identity theft (Javelin Strategy & Research). Our JANUS solution overcomes the vulnerabilities and limitations of existing security technology that the financial institutions have been exposed to for many years. JANUS solution provides enhanced security without the inconvenience and the cost and the risk of losing the tokens of whatever types. The solution can be used in general online banking as well as to conduct security trading and other classified transactions.
Finally, the benefit of privacy compliance from JANUS can not be overlook as more privacy safeguards are deployed, consumer confidence and trust in the service provider will increase. More benefits>>
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