HID Global, a worldwide leader in secure identity solutions, today announced that its ActivID Authentication Appliance has been selected by the European Banking Forum (EBF) organisation as the winner of the Most Innovative Security Product in the 2013 Retail Banking Awards. Judges included key experts in the banking sector across Europe. The award recognises and champions excellence as a celebration of success and innovation in the banking industry.
“With the rapid rise in mobile and traditional online banking, financial institutions need to apply consistent security practices and take a holistic view of fraud in all channels since customer information and transactions can be performed at multiple points of access,” said Harm Radstaak, managing director, EMEA with HID Global. “HID Global’s ActivID Authentication Appliance addresses banking customers’ needs to conveniently and securely access their accounts, online or on their mobile phone, and this prestigious award is further validation of our on-going commitment to developing innovative authentication solutions. We are honoured to be acknowledged by a renowned organisation such as the European Banking Forum.”
Active ID Authentication Appliance is designed to offer a unified, integrated authentication platform that delivers operational cost-efficiencies including centralised security control for multi-channel banking environments. It allows for intuitive management of credentials across a broad range of users and device types, while delivering risk-appropriate protection.
Financial institutions can mitigate fraudulent activity effectively across all channels, in real-time, with HID Global’s ActivID Threat Detection Service that is integrated into ActivID Authentication Appliance. The solution is recognised for both foundationally sound and forward-looking capabilities that support external authentication credentials and flexibility for banks with different implementation needs or multiple legacy systems.