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The Entersekt blog.

Industry news, security threats, and technology advances in consumer authentication
Passwordless authentication: The future is here

Passwordless authentication: The future is here


Passwords suck! There, I said it. We've all heard it said many times before, but it’s worth repeating. The concept of gate-keeping access to digital services with a username and password may have been appropriate, and even good practice, in the early days of computing when a person might only have one or two logins to maintain. However, in today’s world where people have hundreds of accounts, they tend to re-use one password for multiple accounts or outsource the job to a password manager service. And even if you do manage to create a complex and unique password for each account, and remember it at the time of login, there is still the problem of data breaches, which are becoming all too common. 

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Snippet: Demand from young consumers for quicker decisions regarding their finances means that financial institutions are relying increasingly on modern data-processing techniques to enable real-time empowerment. This article, by Niel Bester, SVP: products, appeared in Global Banking and Finance Review, and Banking Exchange earlier this year.

Demand from young consumers for quicker decisions regarding their finances means that financial institutions are relying increasingly on modern data-processing techniques to enable real-time empowerment. This article, by Niel Bester, SVP: products, appeared in Global Banking and Finance Review, and Banking Exchange earlier this year.

Snippet: Entersekt is expanding its operations with the opening of a second Western Cape office. Recruitment is currently underway for two full scrum teams to occupy the new premises.

Entersekt is expanding its operations with the opening of a second Western Cape office. Recruitment is currently underway for two full scrum teams to occupy the new premises.

Snippet: For secure communication to take place, involved parties must be able to validate each other before sharing confidential information. Digital certificates, issued by a Certificate Authority, act as a “digital fingerprint”, authenticating the identity of a certificate holder.

For secure communication to take place, involved parties must be able to validate each other before sharing confidential information. Digital certificates, issued by a Certificate Authority, act as a “digital fingerprint”, authenticating the identity of a certificate holder.

Snippet: We’ve researched and summarized five of the most common denominators in highly rated banking apps. How does your banking app compare?

We’ve researched and summarized five of the most common denominators in highly rated banking apps. How does your banking app compare?

Snippet: These days, very few industries are left untouched by the digital age. One highly regulated industry that could benefit much more than it has so far by partnering with tech companies is healthcare.

These days, very few industries are left untouched by the digital age. One highly regulated industry that could benefit much more than it has so far by partnering with tech companies is healthcare.

Snippet: The go-live date for the revised PSD2 SCA requirement is 14 September. It’s not too late, though, and here a few pointers on how you can meet the compliance deadline.

The go-live date for the revised PSD2 SCA requirement is 14 September. It’s not too late, though, and here a few pointers on how you can meet the compliance deadline.

Snippet: With the certainty of a trusted communication channel at its foundation, mobile banking apps provide easy access to banking functionalities. They also enable new forms of banking and commerce that will transform the banking industry.

With the certainty of a trusted communication channel at its foundation, mobile banking apps provide easy access to banking functionalities. They also enable new forms of banking and commerce that will transform the banking industry.

Snippet: Research on digital banking highlights a trend that led the industry to reflect on a core aspect of current priorities and future strategy: the customer. We look at what customers want, what this means for the industry and how mobile banking fits into the picture.

Research on digital banking highlights a trend that led the industry to reflect on a core aspect of current priorities and future strategy: the customer. We look at what customers want, what this means for the industry and how mobile banking fits into the picture.

Snippet: I have, over the years, opened accounts at a number of banks in order to meet different needs: savings, payments, a mortgage, and so on. My family also have bank accounts, some of which we share. You probably have a similar spread of accounts.

I have, over the years, opened accounts at a number of banks in order to meet different needs: savings, payments, a mortgage, and so on. My family also have bank accounts, some of which we share. You probably have a similar spread of accounts.

Snippet: If you thought that QR codes were only used for payments, take out your phone and scan again.

If you thought that QR codes were only used for payments, take out your phone and scan again.

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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.