The bank of Kazan protected remote customer service - legal entities using the mobile electronic signature

2020: PayControl implementation

On July 7, 2020 SafeTech reported that Bank of Kazan implemented in internet- and mobile bank for legal entities the platform mobile authentications and electronic signature PayControl. The possibility of convenient and safe confirmation financial of transactions on the mobile device became available to corporate clients of bank.

Digital channels of Bank of Kazan for service of legal entities are constructed on the basis of the RBS platform ISimpleBank 2.0 developed by iSimpleLab company. The main objectives of the project of increase in safety of remote services became: providing fast and convenient formation of the electronic signature to clients of an opportunity using the mobile device, providing the required security level of transactions and also minimization of finance costs in comparison with the technologies of the electronic signature used earlier.

Implementation of the PayControl platform for the signature of financial transactions and electronic documents in digital channels of service of legal entities allowed us to solve relevant problems of development of remote services of bank, – noted Adele Mukhametzyanov, the Head of the Moscow Department of Information Technology of Bank of Kazan. – Work of our clients became even simpler and more convenient, the required security level of means on their accounts is provided, and the bank had an opportunity of deployment of services which implementation required confirmation of declaration of will of clients from small and medium business by the full electronic signature. Are sure that project deliverables will allow us to develop further actively in this direction.

The implementing solution PayControl in Internet and mobile bank for legal entities provided to clients of Bank of Kazan possibilities of confirmation of financial transactions without manual entry of details of payment and confirmation codes. Technologies of the electronic signature on the smartphone allowed to get rid of need of additional devices (tokens or smart cards, password generators) and also reduced actions of users to one movement by a hand on the screen of the mobile device.

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. It becomes attached to details of transaction, and even its interception by swindlers will not lead to theft of funds from the account. Use of PayControl allows to resist to the most relevant attacks on clients: interception of disposable confirmation codes in the SMS and Push, use of the harmful software on computers and mobile devices of users.

The PayControl platform implementation project reflects the general trend of transition of the most technological financial institutions to use of the mobile signature in Bank of Kazan, – Darya Verestnikova, the commercial director of SafeTech says. – Thanks to technologies of the electronic signature banks reduce the maintenance expenses of clients, minimize the problems connected with security and also increase convenience of work of legal entities in Internet and mobile banking. It allows to increase activity of users in remote digital channels.