Financial services are everywhere, and this highlights the importance of digital identity verification
The current development trend of online banking and digital banking caused online banks or mobile APPs to become the main channels for interaction between banks and their customers; naturally, they also became important targets of hacker attacks. The information security protection of digital finance is an important issue for the financial industry.
TWSE (Taiwan Stock Exchange) made the “In order to strengthen the information and communication security protection mechanisms of securities companies, please implement relevant preventive measures” announcement this year, stating that two-factor authentication methods should be used when securities companies log in to make orders online. This highlights the importance of digital identity verification while enjoying convenient online transactions. CHANGING’s ID Expert Dynamic-auth Solution uses fingerprint as the second authentication factor to enhance the verification of identities through unique fingerprint identification. This will help financial institutions construct complete digital identity verification mechanisms effectively.
In addition to fingerprint identification, ID Expert is also a diverse identification system that includes many verification tokens; customers can flexibly select the verification factor according to the usage or verification security strength requirements. ID Expert includes many types of software and hardware tokens used to display OTP dynamic passwords (one-time password), improving the access security of accounts through its continuously changing passwords and creating complete two-factor authentication features.
In addition, ID Expert can provide complete logs for successful and failed logins, statistical charts and message notifications for monitoring and analyzing account login records, strengthening the rules for relevant agencies to “establish information and communication security check mechanisms”.
Convenience is a benefit brought by digitalization, but the risk of data leakage also increases with it; using improved digital identity verification mechanisms as the first line of defense for information security protection will contribute towards the complementary effects of convenience and information security, taking care of information security while improving work efficiency.
ID Expert integrated biometrics, creating complete digital identity verification mechanisms for financial institutions.
CHANGING owns technologies related to identity verification, biometrics, e-signature (digital signature/handwritten signature), smart cards, mobile verification, blockchain and OCR, etc., which are important parts in the development of innovative FinTech applications. “Compliance to laws and regulations” is also an important basic principle when CHANGING is developing solutions, using technology to assist various units comply with laws and regulations, and allowing customers to have automated business processes with peace of mind under the premise of information security and compliance with regulatory requirements.
Changingtec Marketing & Sales Div.
CHANGING Information that found in 1998 is a security information software company in the Wistron Group. The main products and services are these solutions of identity authentication, digital signature, intelligent documents, and law compliance and so on. We serve different industries, including government agencies, finance, technology, manufacturing, telecommunications, distribution, games, education, medical and other industries, it provides systematic and highly flexible solutions to protect the security of all kinds of information.