Using ValidSoft’s patented voice-based Out-of-Band authentication and transaction verification, the online banking solution combines visible and invisible protection against Pseudo Device Theft, e.g. SIM Swap and Call-forward Unconditional (CFU) fraud, Man-in-the-Middle and Man-in-the-Browser (MitM/MitB) plus traditional fraud vectors such as Phishing, key-loggers, screen scrapers etc. It can also extend to three and four factors through our proprietary biometric voice verification plug-in and Proximity Correlation Logic; knowing where someone is or isn’t. SIM Swap protection is provided by our patent-pending baseline processing system, coupled with our unique predictive modeling. The Online Banking solution also supports SMS if preferred as well as integration with hardware tokens to protect existing investments. The fully configurable behaviour, customisable down to the transaction level, can be driven by transactional risk and bank preferences.
For further information, please download the following white papers:
Transactional Non-repudiation: A new fraud landscape necessitates a new approach
Consistent Strong Authentication over Multiple Electronic Channels
