18th of May 2022, UK & Toronto: We are very proud to share the press release, issued today by Royal Bank of Canada (RBC), a Canadian multinational financial services company and the largest bank in Canada by market capitalization. The bank serves over 17 million clients and has 86,000+ employees worldwide.
We have been working closely with RBC to integrate our bank-grade Mobile Banking Authentication SDK (MBAS) into their mobile banking application. Our “world-class technology” provides a tool- kit, utilising the near field communications capacity of the cardholder’s Android device to confirm that their RBC client card is present. We then facilitate the secure collection of the card holders PIN, via our PCI approved methodology, which, with the card data, combine to provide a strong customer authentication.
iOS users can use biometrics to access the app before securely inputting their PIN.
Today RBC announced the ability for clients to use a combination of card tap and PIN to securely authenticate themselves on their Android phone. This functionality provides a best-in-class, familiar user experience and a universally accepted authentication process for RBC customers.
To read the RBC release – click here.
To find out more about our Mobile Banking Authentication SDK product – click here.
To see our Mobile Banking Authentication SDK explainer video – click here.