Infosys Finacle and Samsung SDS inked in a global deal to make mobile banking and payment services safe and convenient.
Infosys Finacle is part of EdgeVerve Systems, a product subsidiary of Infosys.
The purpose-built solution will use device agnostic Samsung SDS FIDO Authentication, allowing banking and mobile payments customers to use select OEM’s and the hand-held device of their choice.
Samsung SDS FIDO is built on Fast IDentity Online (FIDO) specifications.
Users can scan their fingerprint, use facial recognition or other biometric authenticators such as voice and iris detection to complete a payment or transaction in a secure and frictionless way.
This can replace traditional authentication methods such as the entry of a user ID, password or transaction authentication number.