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The Entersekt blog.

Industry news, security threats, and technology advances in consumer authentication
Why US banking clients don’t use banking apps

Why US banking clients don’t use banking apps


Adoption of mobile banking apps inches up ever slower in the United States. What can be done to encourage use?

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Snippet: PSD2 introduces an entirely new market dynamic. While it will bring banks a new burden of compliance and open them up to increased liability, this regulatory framework also comes with exciting new opportunities for revenue.

PSD2 introduces an entirely new market dynamic. While it will bring banks a new burden of compliance and open them up to increased liability, this regulatory framework also comes with exciting new opportunities for revenue.

Snippet: Consent is a core part of data protection legislation. The European Union’s General Data Protection Regulation (GDPR) comes into effect from 25 May 2018 and aims to provide clarity on the previously contentious issue of obtaining an individual’s consent in order to process their personal information.

Consent is a core part of data protection legislation. The European Union’s General Data Protection Regulation (GDPR) comes into effect from 25 May 2018 and aims to provide clarity on the previously contentious issue of obtaining an individual’s consent in order to process their personal information.

Snippet: When we at Entersekt tell people that our solution uses X.509 certificates on a mobile phone, they often reply cynically, “But PKI doesn’t scale!?” How, then, are we able to make that claim?

When we at Entersekt tell people that our solution uses X.509 certificates on a mobile phone, they often reply cynically, “But PKI doesn’t scale!?” How, then, are we able to make that claim?

Snippet: The cybersecurity market is alive, and kicking ferociously. There are hundreds of security providers out there, all clamoring for your business and all claiming to be the best.

The cybersecurity market is alive, and kicking ferociously. There are hundreds of security providers out there, all clamoring for your business and all claiming to be the best.

Snippet: There have been at least three occasions in the last couple of years when I have been anxiously trying to connect through to a bank’s fraud team contact center after having a payment declined.

There have been at least three occasions in the last couple of years when I have been anxiously trying to connect through to a bank’s fraud team contact center after having a payment declined.

Snippet: According to behavioral marketing agency SaleCycle, almost 75% of all online shopping carts are abandoned globally. With 70.9% and 74% respectively, Europe and the US actually rank the lowest.

According to behavioral marketing agency SaleCycle, almost 75% of all online shopping carts are abandoned globally. With 70.9% and 74% respectively, Europe and the US actually rank the lowest.

Snippet: Over the past fifteen years, the balance of power between large financial institutions and their retail customers has changed. The consumer now has a seat at the bargaining table, and is an equal rather than a subordinate in the decision-making process. How has this shift changed things from an authentication perspective?

Over the past fifteen years, the balance of power between large financial institutions and their retail customers has changed. The consumer now has a seat at the bargaining table, and is an equal rather than a subordinate in the decision-making process. How has this shift changed things from an authentication perspective?

Snippet: One of the biggest challenges in the realm of digital security is to find ways to make the experience of authentication as painless as possible, without compromising on security or technological sophistication. Digital banking users want to feel safe, but they do not want to submit a hair sample or submit to a polygraph test every time they make a purchase.

One of the biggest challenges in the realm of digital security is to find ways to make the experience of authentication as painless as possible, without compromising on security or technological sophistication. Digital banking users want to feel safe, but they do not want to submit a hair sample or submit to a polygraph test every time they make a purchase.

Snippet: A recent malicious attack on customers of O2-Telefonica in Germany saw several bank accounts drained. This may just be the clarion call for telcos to address a flaw in Signaling System 7 (SS7) that has been raising red flags for years.

A recent malicious attack on customers of O2-Telefonica in Germany saw several bank accounts drained. This may just be the clarion call for telcos to address a flaw in Signaling System 7 (SS7) that has been raising red flags for years.

Snippet: Change is difficult. Why change the status quo if it works and everyone seems comfortable with it? This applies to all aspects of life, and banking security is no exception.

Change is difficult. Why change the status quo if it works and everyone seems comfortable with it? This applies to all aspects of life, and banking security is no exception.

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Entersekt is an innovator of customer-centric fintech solutions. Financial services providers and other enterprises rely on our patented mobile identity system to provide both security and the best in convenient new digital experiences to their customers, irrespective of the service channel. With us, they can concentrate on their innovation roadmap, while delivering intuitive, low-friction digital experiences to their customers.