Bank Kuznetsk has strengthened the protection of remote banking channels with PayControl technology

2021: Enhanced protection of remote banking channels

On October 7, 2021 Bank "Kuznetsk" , he announced that he had increased safety digital channels for servicing corporate customers with the help of a mobile solution electronic signature PayControl created by the company. SafeTech Customers can now easily and quickly perform financial high-security operations.

Photo: www.penza-press.ru

Bank Kuznetsky, a developing financiallycredit organization, provides a wide range of financial services to its customers. The bank pays special attention to the convenience safety remote maintenance of customers. Kuznetsky Bank's digital channels for servicing legal entities are based on DBO iSimpleBank the 2.0 platform developed by the company. iSimpleLab As part of a project to increase the level of security of digital channels and improve customer experience, the bank integrated has a mobile electronic signature PayControl developed by SafeTech,. resident of the Skolkovo Foundation IT cluster 

The main objectives of the project to increase the security of remote services were: providing customers with the opportunity to quickly and easily form an electronic signature using a mobile device, ensuring the required level of transaction security; Minimizing financial costs compared to previously used electronic signature technologies.

The introduction of PayControl technology into mobile and Internet banks allowed legal entities to confirm transactions simply and quickly: without manually entering translation details, without confirmation codes and additional devices (tokens, smart cards, password generators). Moreover, this made it possible to reduce the client's path of confirming financial transactions to one click on the smartphone screen .

According to the company, the main difference PayControl compared to traditional methods of confirming payments, in particular, with a one-time password in SMS or Push notification, is that the transaction confirmation code is generated directly on the client's mobile device. It is tied to the details of the transaction, and even its interception by fraudsters will not lead to theft of funds from the account. The use of PayControl allows you to resist the most pressing attacks on customers: interception of one-time confirmation codes in SMS and Push, the use of malicious software on users' computers and mobile devices.

"Mobile electronic signature is becoming a standard tool for ensuring the security of remote banking services. The implementation of the PayControl platform allowed our customers to quickly and safely make payments in the BBO system, "- noted Mikhail Dralin, Chairman of the Board of the Bank.

"The implementation of the project for the introduction of PayControl in the Bank" Kuznetsk "reflects the general trend of the transition of financial institutions to a mobile electronic signature. Thanks to the solutions of SafeTech, banks increase the level of security of the services provided. And also improve the customer experience, "- says Daria Verestnikova, commercial director of SafeTech.