The absolute the Bank implemented the platform of mobile authentication and the electronic signature PayControl in Private Banking

2020: Organization of protection of transactions of bonus clients

Absolute Bank implemented in Private Banking the platform mobile authentications and electronic signature PayControl. Clients of bonus service had an opportunity of confirmation financial of transactions on the mobile device. The solution PayControl is developed by the resident IT cluster of Skolkovo Foundation the company SafeTech. On June 16, 2020 reported about it Skolkovo Foundation.

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Experts the Absolute of Bank was carried out the analysis of the technologies presented at the Russian and international market based on which the decision on implementation in Private Banking of the platform of mobile authentication and the electronic signature PayControl from the resident of Skolkovo Foundation of SafeTech company was made.->

Implementation of the PayControl platform allowed to implement not only our plans concerning increase in safety of clients of a bonus segment, but also the most modern approaches in their service: omnichannel, independence of time and location. Clients had an opportunity after interaction by any available method with the personal manager and to browse formalizations of necessary transactions on the screen of the smartphone the list of the approved transactions, to check their correctness, and then to confirm them with the electronic signature one movement of a hand. Thus availability of our financial services, convenience of work and security to our clients is reached.

As the partner of SafeTech during implementation of this project the Applicatura company acted. Efforts by joint development team created mobile application Absolute of Acceptance for formation of the mobile signature on devices under management operating systems iOS and Android and also a workplace of the personal manager of Private Banking the Absolute of Bank. The implementing solution PayControl provided to bonus clients of bank of a possibility of confirmation of financial transactions:

• on the smartphone and without use of additional devices (tokens or smart cards, password generators);
• after obligatory acquaintance with details of transactions or contents of documents;
• without delays or canceling of the transactions connected with waiting or nondelivery of Sms and Push-notifications;
• one movement of a hand on the smartphone screen.

Main advantage of PayControl in comparison with traditional methods of payment confirmation, in particular, the one-time password in the SMS or the Push-notification, is that the confirmation code of transaction forms directly on the mobile device of the client. The code becomes attached to details of transaction, and even its interception by swindlers will not lead to theft of funds from the account.

Darya Verestnikova, commercial director of SafeTech:

Customer service of top level is one of the most difficult in the organizational, legal and technology relation the direction of banking business. It requires special attention, and errors are excluded here. And we are extremely glad that possibilities of the platform of mobile authentication and the electronic signature PayControl the Absolute of Bank, but also necessary conditions for their comfortable work, the legal importance of their declaration of will allowed to ensure not only security of transactions of wealthy clients.

Bonus clients – the most exacting and sensitive segment in bank. For June, 2020 developments of SafeTech became the industry standard on security and the maximum comfort at performing transactions by one contact. More than 70 banks already use the solution of our resident, refusing delivery of one-time passwords through the SMS and Push. I am sure that in the nearest future wealthy clients will estimate the got experience, and Absolyut Bank will give an opportunity to sign documents in the smartphone with one contact for all the clients, including legal entities.