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Snippet: Entersekt, a banking security software development company, has announced that Capitec Bank has adopted its transaction authentication application for online banking.
Release Area: JOHANNESBURG, SOUTH AFRICA
Release Date: 30 OCTOBER 2012

Johannesburg, South Africa
30 October 2012

Entersekt, a banking security software development company, has announced that Capitec Bank has adopted its transaction authentication application for online banking.

Capitec announced last month that it had signed up more than two million clients to its mobile banking service, and according to Entersekt, the bank has already started rolling out its application to clients.
“The Entersekt application provides an additional layer of security and allows the bank client to authorise online banking transactions,” said Christiaan Brand, founder and CTO of Entersekt.

“The South African market has been increasingly subjected to phishing attacks and our application gives clients peace of mind as it allows them to accept or reject transactions using their mobile phones.”
“The Entersekt application makes use of certificates on the mobile phone, which encrypts the communication between the client and the bank. Entersekt is the first company in the world to offer a mobile certificate solution together with transaction authentication for banks' clients,” he said.

“We are determined to offer our clients the best available security when banking with us, and for this reason we have chosen this solution as it ensures leading-edge security combined with easy-to-use convenience. We are continually looking for new and effective means of enhancing our systems,” said Carl Fischer of Capitec Bank.

Entersekt has already signed up with Nedbank and according to Brand, the group is making “significant headway” in the local and international market in terms of the adoption of its technology by more banks.

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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.