Biometric authentication and real-time fraud detection bolsters security at one of the world’s largest financial institutions
BBVA, one of the world’s largest financial institutions, required an innovative security solution that was simple to use and easy to deploy. BBVA sought to invest in technology in order to reduce operational costs and provide better service to its customers. As a result, BBVA developed in-house apps, such as a worldwide employee directory, an internal newspaper and workflow tools. Neoris, the consulting company assessing BBVA for this project, introduced AuthenWare as a second factor authentication system to secure these data-critical apps.
“AuthenWare is part of our cyberbiometric architecture and acts as a mechanism for generating identity scoring. It allows us to have an additional element in the online risk decision making process of our employees," said Santiago Moral, Technical and Security Director of BBVA.
"In today’s world, security is based on unnatural demands, such as remembering complicated passwords; that’s why we developed a security solution that is based on human nature or human behaviors,” said Felix Racca, CEO of AuthenWare. “With AuthenWare, users login normally and the authentication happens seamlessly in the background. Our technology identifies the user based on their behaviors. The result is that users adopt online security because it is easier and more convenient.”
"At Neoris, we are constantly offering our clients the latest technology innovation to help them maximize their investments,” said Claudio Muruzabal CEO of Neoris. “We believe biometric authentication, combined with the multi-channel security, sets a new standard in this area, and AuthenWare was the right partner for this project.”