Infotech Lead India: Infosys has successfully integrated and implemented Finacle enabled Two-Factor Authentication (2FA) solution at Federal Bank.
The Two-Factor Authentication (2FA) solution is designed to strengthen the bank’s existing robust authentication system for its corporate and retail Internet banking customers.
Finacle is a product from the strategic association between Infosys and CA Technologies, a provider of IT management solutions including identity and access management software.
“Through our strategic partnership with Finacle we were confident our adoption of CA Technologies two-factor authentication solution would be implemented successfully and on time. Post the deployment of two-factor authentication module, we have built the capability to provide extra security to our customer’s online transactions and enhance our end user’s experience,” said K P Sunny, CIO, Federal Bank.
Built on CA AuthMinder (formerly CA Arcot WebFort) Versatile Authentication Server and PKI soft credential, CA ArcotID), the platform provides two-factor authentication helping organizations provide customers with robust security and a superior user experience at a low cost of ownership.
The solution helps ensure mutual strong authentication between the bank and the end-user enabling an easy and transparent user login experience. This solution supports both retail and corporate Internet banking channels across multiple form factors like hardware token, software credential (CA ArcotID)and One Time Password (OTP).
Finacle also supports Public Key Infrastructure (PKI), dynamic passcodes which protects customers against various kinds of existing and emerging security threats such as phishing, man-in-the-middle, brute-force attacks, and replay attacks to name a few.
Venkatramana Gosavi associate vice president – South Asia Finacle, Infosys, said, “With this implementation Finacle e-banking solution ensures seamless security as it delivers robust protection in the form of two-factor authentication. We are excited about the implementation of this solution at Federal Bank where Finacle-supported CA Technologies authentication solutions will provide a secure environment to its users worldwide.”