BSC and Wultra join forces to provide innovative and secure digital banking solutions.June 2020
Banking Software Company (BSC) and Wultra, who partnered to create the innovative and highly successful RB Key application for Raiffeisenbank have announced the expansion of their mutual cooperation. The RB Key allows fast and secure authentication of Raiffessenbank client payments and now, thanks to the partnership with Wultra, the BSC digital banking platform will be able to offer a Mobile Token component. Other Czech and foreign banks will also be able to access these tools for secure client authentication and transaction authorization, which fully comply with the requirements of EU regulations under PSD2.
Following their successful joint project for Raiffeisenbank, BSC and Wultra have decided to expand their collaboration in the field of digital banking software development in the future. The Raifeisenbank project succeeded in developing the RB Key, a state-of-the-art solution for strong identity and transaction verification that uses biometrics or a PIN code for authentication and meets the highest SCA requirements in PSD2.
BSC has also fully integrated Wultra’s Mobile Token as a component of its Digital Banking OS banking platform adding long-term value going forward for both new and existing clients.
One of the major advantages for banking sector clients is that Wultra guarantees the release of new versions and other extensions as standard for its solutions. In addition, the Mobile Token can be supplemented with other stronger security methods, such as application runtime protection or Malwarelytics detection.
“Thanks to our partnership and the experience gained with Wultra products, we have enhanced our platform with a comprehensive security solution for Internet and mobile banking – from secure logins to the approval of individual operations. In addition, Wultra’s authentication solution is unique in that it is open source, including its cryptographic components,” said Karel Beran, BSC’s Director of Products and Innovation.’
“BSC is a great partner for us because our financial sector technologies and solutions complement each other perfectly and we also greatly appreciate their detailed knowledge of banking technologies and the breadth of their portfolio for banking clients,” comments Petr Dvořák, CEO of Wultra.