Valimo iD Server and on-line banking

Valimo iD Server helps on-line banks to master the deployment of multiple authentication methods.

25.8.2006 - Helsinki As a response to the increasing sophistication of internet-based fraud, on-line businesses are responding with an increasing diverse range of security and authentication methods for their customers.

The IT industry is already talking about a path of emerging authentication models - starting with user name and personal identification numbers, via one time passwords authentication to security tokens. In particular banks refer to this evolution path as being a “security staircase” with the highest steps being reserved for digital-certificate based authentication methods and security tokens like the mobile phone.

Valimo iD Server enables banks to gently walk up the security staircase, while simultaneously supporting a range of non-PKI authentication methods, such as PIN/TAN lists, one-time passwords send via SMS to a mobile phone.

“Valimo iD Server is available as an off-the shelf system running on HP NonStop hardware or standard industry servers. There is also an OEM version that has been successfully integrated to TietoEnator’s on-line bank system”, says Juha Remes, VP at Valimo.

“Banks are now realizing that a full-scale migration of their customer base to a new authentication method is not easy. Valimo provides them an opportunity to get ready for a nation-wide mobile signature service catering for mobile phone subscribers, who want to replace their PIN /TAN lists with a digital signing function on the SIM card”, continues Will Cardwell, CEO of Valimo, “And at the same time can continue to serve those customers that prefer an existing authentication scheme.”.

Valimo iD Server and the Valimo offering for mobile signatures enable an on-line bank to take advantage of the strongest security mechanisms available while at the same time outsourcing the work intensive operation of a full-blown PKI required to support digital signatures.

Contact Valimo Wireless
Juha Remes
Vice President
juha.remes@valimo.com

About Valimo:
Valimo Wireless is the market leader in delivering software systems to enable mobile phone-based strong authentication and digital signatures. Based on Valimo's mobile identity software suites, mobile operators can offer services that enable their enterprise and consumer customers to easily use their mobile phone to authenticate access to corporate resources, Internet banks, and other web-based services. In addition, the Valimo solution can be used to verify e-commerce transactions, and to digitally sign sensitive documents. Only a SIM card and any GSM mobile phone are necessary.

Founded in 2000 and headquartered in Helsinki, Valimo today has over 40 customers around the world. With our mobile signature offering comes a wealth of industry-specific knowledge for how to implement strong mobile authentication and digital signatures in financial service, government-led electronic ID, and consumer-oriented applications.

For more information, please visit www.valimo.com.