By Lee Min-hyung
Samsung SDS is expanding its global profile in mobile authentication systems in collaboration with India-based banking system provider EdgeVerve System.
Samsung's IT service affiliate said Sunday that it had forged a partnership with the banking software provider, allowing Samsung SDS's biometric recognition system, Fast Identity Online (FIDO), to speed up its global penetration.
Under the deal, EdgeVerve will use FIDO with its core banking systems. The wholly-owned subsidiary of Infosys has a global foothold in transactional security systems in sectors such as banking, e-commerce and various financial services.
"The partnership is meaningful, because FIDO has been used for some limited areas including Samsung's mobile payment service, Samsung Pay," said an Samsung SDS official. "The deal will allow Samsung SDS to provide the reliable mobile security system to global clients in finance sectors where the highest level of security is required."
In particular, EdgeVerve is also expected to improve its finance security through the partnership, meeting growing demands for more secure mobile security.
The FIDO authentication solution uses fingerprint and facial recognition technology. Samsung SDS hopes to diversify its revenue streams by taking advantage of the partnership.
EdgeVerve, best known for its core banking product Finacle, is the market leader in global banking services for more than 540 million users in more than 80 countries.
"User authentication and mobile security are gaining more significance in an era of digital banking," said Kim Ho, chief of Samsung SDS' advanced mobile solution business division. "Samsung SDS's biometrics systems ensures simpler and more secure user authentication."
EdgeVerve President Andy Dey said the company would provide banking without passwords, whereby people could authenticate transactions by using flexible biometric options such as facial recognition and fingerprints.
FIDO was promoted at this year's Infosys Confluence, held for two days from Thursday in San Francisco. Infosys demonstrated the system to about 300 finance industry companies and organizations.
Samsung SDS previously teamed with French-based biometrics company Morpho to develop the mobile-focused authentication system. At this year's Mobile World Congress, the company unveiled its office security solutions, with FIDO at the center.
The key feature of FIDO is that it has converged fingerprint with face authentication, offering an industry-leading level of security, according to Samsung SDS.
The company previously clinched a contract to provide Singapore's military with the FIDO-based mobile Intranet infrastructure.
Samsung SDS is expanding its global profile in mobile authentication systems in collaboration with India-based banking system provider EdgeVerve System.
Samsung's IT service affiliate said Sunday that it had forged a partnership with the banking software provider, allowing Samsung SDS's biometric recognition system, Fast Identity Online (FIDO), to speed up its global penetration.
Under the deal, EdgeVerve will use FIDO with its core banking systems. The wholly-owned subsidiary of Infosys has a global foothold in transactional security systems in sectors such as banking, e-commerce and various financial services.
"The partnership is meaningful, because FIDO has been used for some limited areas including Samsung's mobile payment service, Samsung Pay," said an Samsung SDS official. "The deal will allow Samsung SDS to provide the reliable mobile security system to global clients in finance sectors where the highest level of security is required."
In particular, EdgeVerve is also expected to improve its finance security through the partnership, meeting growing demands for more secure mobile security.
The FIDO authentication solution uses fingerprint and facial recognition technology. Samsung SDS hopes to diversify its revenue streams by taking advantage of the partnership.
EdgeVerve, best known for its core banking product Finacle, is the market leader in global banking services for more than 540 million users in more than 80 countries.
"User authentication and mobile security are gaining more significance in an era of digital banking," said Kim Ho, chief of Samsung SDS' advanced mobile solution business division. "Samsung SDS's biometrics systems ensures simpler and more secure user authentication."
EdgeVerve President Andy Dey said the company would provide banking without passwords, whereby people could authenticate transactions by using flexible biometric options such as facial recognition and fingerprints.
FIDO was promoted at this year's Infosys Confluence, held for two days from Thursday in San Francisco. Infosys demonstrated the system to about 300 finance industry companies and organizations.
Samsung SDS previously teamed with French-based biometrics company Morpho to develop the mobile-focused authentication system. At this year's Mobile World Congress, the company unveiled its office security solutions, with FIDO at the center.
The key feature of FIDO is that it has converged fingerprint with face authentication, offering an industry-leading level of security, according to Samsung SDS.
The company previously clinched a contract to provide Singapore's military with the FIDO-based mobile Intranet infrastructure.
