SMP Bank started the updated mobile bank for business from BSS with PayControl technology

2020: Implementation of Digital2Business Mobile

SMP Bank together with the companies BSS also SafeTech completed implementation of mobile bank for clients small and medium business based on the solution Digital2Business Mobile. It is full-fledged mobile office for management of finance on platforms iOS and Android. Announced this BSS on September 10, 2020.

In the project progress in SMP Bank the problem of increase in technological effectiveness and convenience of mobile bank to business is solved. Important it was not simple to update cosmetic the application, and to give to users additional functionality in the updated user-friendly interface.

We aim to provide our clients with convenient and functional management tools finance. The updated mobile application conforms to standards of remote banking. It is convenient, functional, provides operational communication with bank. At the same time the transaction security system in mobile devices is used, – the Director of the department of small and medium business of JSC SMP Bank Alexander Kiselyov emphasized.

Changes concerned an application interface: homepage and page of authorization, menu and work with payments and accounts and also sections of Letter, Statement, "Requests for a response", Settings, works with Push-notifications and PayControl.

Reliability and security of transactions in remote channels for entrepreneurs always in a priority, especially if it concerns mobile bank. But requirements are like that that business wants not only security, but also conveniences, ease, work speed. It is no secret that it was necessary to sacrifice convenience earlier, increasing security and vice versa. Now it is excluded. Together with ours the partner SafeTech company, we could make mobile bank fast, comfortable, and safe — the CEO of BSS Georgy Kravchenko noted.

Reached use of authentication and the electronic signature PayControl from the Russian company SafeTech, the resident of an IT cluster of Skolkovo Foundation other level. Now service is integrated into mobile bank and it is possible to confirm transactions without going to the separate application that significantly increased speed, simplicity and safety of confirmation of transactions. Clients already estimated an innovation and give positive reviews about the updated application.

When we aim to develop digital channels, it is always necessary to remember how to make work of the client not only convenient, but also safe. Improvement of the RBS system of legal entities of SMP Bank and implementation of mobile application with the built-in PayControl — an example of such approach. The client in hands has a service allowing to solve quickly all business challenges with the high level of security, - the commercial director of SafeTech company Darya Verestnikova commented.

2019: Use of PayControl in RBS of legal entities

On June 26, 2019 it became known that the SMP Bank began to use the solution PayControl developed by SafeTech company, the resident of an IT cluster of Skolkovo Foundation in the remote banking (RB) of legal entities. Clients had an opportunity when using Internet banking and mobile banking by one movement on the mobile device it is safe to confirm the financial transactions.

RBS of legal entities in SMP Bank is implemented based on the platform from BSS company with already built-in solution PayControl. Thanks to it safe confirmation of banking activities became possible in two systems at once: in Internet banking and in mobile application for legal entities. At the time of payment confirmation on the screen of the mobile device the client sees all details of transaction (number, the amount, date, the account of the receiver, etc.) and can check their correctness before formation of the electronic signature.

Simplicity and efficiency of formation of the signature of transaction on the user's smartphone, providing the set transaction security level and also minimization of finance costs in comparison with systems used earlier became the main selection terms of solutions and technologies of the mobile electronic signature. During the detailed analysis of the solutions presented at the Russian market, a choice of bank was made for benefit of the platform of mobile authentication and the electronic signature PayControl.

Safety of client transactions and also convenience and mobility of bank service – for us in a priority. However we had 'to wait' until the IT market proposes the solution providing the maximum protection of online transactions. Such technology was provided recently by the resident of an IT cluster of Skolkovo Fund SafeTech company. And we became one of the first who implemented their solution PayControl, told Alexander Kiselyov, the Head of Department of small and medium business of JSC SMP Bank

Use of the solution PayControl provided to clients of SMP Bank other opportunities of the signature of financial transactions:

• on the smartphone without use of additional devices (tokens or smart cards, password generators);
• without manual entry of details of payment and confirmation codes;
• without delays and canceling of the transactions connected with waiting or nondelivery of Sms and Push-notifications;
• one movement of a hand on the smartphone screen.

In the conditions of development of digital economy all leading Russian banks actively improve the systems of remote banking. It allows them to provide to clients the most demanded and high-quality services. The project implemented in SMP Bank is in this respect very demonstrative. The bank combined regeneration of a system with transition from outdated and, unfortunately, already unsafe methods of confirmation, such as SMS to the most modern technologies of the safe and convenient signature of financial transactions and electronic documents from the smartphone, noted Darya Verestnikova, the commercial director of SafeTech

Key advantage of PayControl in comparison with traditional methods of payment confirmation, for example, the one-time password in the Sms or in the Push-notification, consists that the confirmation code of transaction forms directly on the mobile device of the client. The code becomes attached to details of transaction, and its interception by swindlers will not lead to theft of funds from the account. Important feature of the solution is as well the fact that the signature of transaction can form both in online, and in offline mode. Thus, for confirmation of transactions from the smartphone existence of Internet access at the time of performing transactions is not required.

The platform for remote service of corporate clients proved as the reliable, safe, protected solution capable to serious loadings and providing the modern and comfortable level of work. A considerable merit in it SafeTech company – our old and reliable partner proposing the innovative and effective solutions. Business clients of SMP Bank can make transactions in remote channels absolutely quietly – they under reliable protection, commented Vitaly Pateshman, the sales director of BSS

Use of the mobile electronic signature of transactions and documents will allow SMP Bank to create necessary infrastructure of remote services and marketplaces further to offer more and more the innovation financial and additional services.

Successful implementation and the beginning of use in SMP Bank of solutions SafeTech confirms demand of developments of residents Skolkovo for the Russian financial sector. Project deliverables demonstrated advantages of use of the innovative technologies of SafeTech both to clients, and to banks: significant increase in security of RBS, simplification of customer interaction and minimization of expenses on security, but the most important — creation of a technology basis for future implementations of services and marketplaces, told Pavel Novikov, the director of competence center of Fintech & Blockchain of Skolkovo Foundation