Trusted Transactions | Entersekt Blog

Trusted Transactions | Entersekt Blog

Move along, millennials: Gen Z is coming

Posted by Bronwyn Kausch,Writer

Mar 14, 2017 10:00:00 AM

Just as we thought we may have reached an understanding of millennials, the focus has shifted to Generation Z.

This post-millennial generation, also referred to as the iGeneration and NetGen, are largely the children of Generation X, although some may be the early offspring of millennials. Whatever their name, the group born after 1995 not only contribute around $44 billion to the US economy annually, but will also make up a full third of the country’s population in just three years’ time.

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Topics: User experience

Why would you need MFA for healthcare?

Posted by Jolette Roodt, Writer/Analyst, Entersekt

Feb 21, 2017 10:00:00 AM

Are reports of breaches at health providers sending your blood pressure skyward? Straightforward, effective authentication is just what the doctor ordered!

We tend to associate authentication with the obvious things we want to protect, like the money in our bank accounts. Increasingly, consumers are also becoming aware of the inherent value of their personal email, social media interactions, and other account information – monetized as it now is on the black market. Few of them are yet aware of why the healthcare industry needs multi-factor authentication too. Where would you use it, and how would it work?

 

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Topics: Data breaches, Privacy, Insurance, Healthcare

GDPR? PSD2? Four-letter headaches in need of specialist attention

Posted by Niel Bester, SVP Products, Entersekt

Feb 9, 2017 10:00:00 AM

Time is running out for companies to comply with the European Union’s Revised Payment Services Directive (PSD2), which takes effect in January 2018, and General Data Protection Regulations (GDPR), which kick in in May 2018. The trouble is that these two sets of guidelines are not only strict on their own, but in some respects even seem to work against each other. How are financial institutions to approach this conundrum?

 

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Topics: Regulatory guidance, Privacy

Home-turf victories for Entersekt

Posted by Jolette Roodt, Writer/Analyst, Entersekt

Jan 26, 2017 10:00:00 AM

During 2016, many of Entersekt’s social media posts focused on our current global expansion, particularly into Europe and the United States. Among these exciting developments was FirstBank’s choice of our Transakt product to secure their mobile app and enable Touch ID authentication. We were also proud to announce our partnerships with CREALOGIX, Netcetera, Blue Bay, Backbase and IST Networks. Meanwhile, we have also been doing well on the home front.

 

  

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Topics: Entersekt news

Make ease of use your trump card

Posted by Schalk Nolte, Chief Executive Officer, Entersekt

Jan 10, 2017 11:00:00 AM

A significant percentage of US consumers flatly say that they are not interested in taking up mobile banking. Other channels do the job just fine, they say. That’s a problem.

The US Federal Reserve Board says that only 38 percent of US account holders regularly bank using their mobile devices. Of account holders with smartphone users, that figure is higher, at 53 percent, but it has climbed only one percentage point annually for the last four years. Adoption has stalled half way to saturation.

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Topics: User experience

The effect of regulations on innovation? It’s a matter of perspective

Posted by Gerhard Oosthuizen, Chief Information Officer, Entersekt

Dec 20, 2016 11:00:00 AM

The security of financial and personal information is a necessary focal point for regulatory bodies worldwide. Fraud and data theft are concerns across all industries, but their threat is of particular importance to the banking and payments sectors.

For banks, advances in technology and new regulatory guidance set the beat for a perpetual dance between ensuring consumer protection on the one hand and offering a user-friendly and efficient experience on the other.

Regulations have increasingly been viewed by traditional financial services companies as upsetting their ability to strike the right balance. I can appreciate this stance, but there is another perspective.

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Topics: Regulatory guidance

The end of the piggy bank?

Posted by Claudius van der Meulen, VP business development / director Europe, Entersekt

Dec 7, 2016 10:00:00 AM

The piggy bank has been a symbol of saving for years. The term itself is actually much older than the farmyard shape we are familiar with today, deriving from “pygg” a kind of clay used to make Europe’s first money jars in the Middle Ages. Most children probably don’t know that, but they nonetheless learn a lot from the piggy bank. It is a good start to understanding that money has a value and that saving it has long-term benefits.

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Topics: Europe

Russian hackers making borscht of banks worldwide

Posted by Jolette Roodt, Writer/Analyst, Entersekt

Nov 17, 2016 10:30:00 AM

As if the nearly $44 million that Russian cybercriminals stole from banks in their own country between June 2015 and June 2016 weren’t enough, these fraudsters seem to be moving on to greener pastures abroad. Stealing directly from banks as well as from individual online accounts, Russians have started targeting the rest of Europe – and the rest of the world.

 

 

 

 

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Topics: Mobile app vulnerabilities, Data breaches, Malware

No branch required: the rise of digital-only banks

Posted by Jolette Roodt, Writer/Analyst, Entersekt

Nov 3, 2016 10:00:00 AM

Banking is increasingly moving away from brick-and-mortar branches and into the digital domain. Some banks have opted out of having physical branches at all and operate as so-called digital-only banks. Who are these banks, and how are they faring compared to traditional financial institutions? Let’s take a closer look.

 

 

 

 

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Topics: One-time passwords, SMS OTP/ mTAN, User experience

Why fintech has created a golden moment of opportunity for savvy banks

Posted by Schalk Nolte, Chief Executive Officer, Entersekt

Oct 20, 2016 8:00:00 AM

With the disruptive arrival of financial technology tools and platforms, banks worldwide have been besieged with gloomy forecasts. Advisory firms and analysts are feverishly crunching the numbers and warning of a tech-fuelled banking revolution – with the established players on the back foot. It may be true that banking is in the process of changing forever, but digital transformation has actually placed the savvier incumbents in an enviable position, one where they can leverage an asset they alone hold.

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Topics: Identity enablement

About Trusted Transactions

Trusted Transactions is Entersekt's blog devoted to keeping our customers, prospects and friends updated with industry news, security threats and technology advances in consumer authentication. We can protect against online banking fraud and account takeovers. Trusted Transactions brings you industry data and insights to help safeguard your online and mobile banking and payments transactions. 

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