Sumitomo Mitsui Banking Corporation selects VASCO Data Security’s DIGIPASS for Apps to enhance online banking

Sumitomo Mitsui Banking Corporation has selected VASCO Data Security International for its DIGIPASS for Apps to provide online retail banking customers with secure mobile banking solutions for their smartphones.

Japan’s bank has introduced an OTP solution based on matrix authentication to their SMBC Direct retail internet banking services, while in 2013, SMBC implemented VASCO DIGIPASS 275 hardware authenticators for additional security.

VASCO Data International enables SMBC customers to select either a hardware or a phone-based software authenticator.

DIGIPASS for Apps integrates application security, two-factor authentication and electronic signing, into a bank’s mobile applications.

VASCO Data Security

“For clarity of two-factor authentication, an application had to be provided separately from the existing banking application,” stated Hirohito Yokoyama, head of System & Operation Development Group, Retail Marketing Department, Retail Banking Unit.

In June, Informatique Banque Populaire (i-BP) used VASCO Data Security International’s card readers with Bluetooth Smart-enabled connectivity to enhance security and the customer experience for in-branch transactions.

Last year in December, the Bank of Tokyo-Mitsubishi UFJ, Ltd. (BTMU) implemented VASCO’s two-factor authentication solutions to protect retail banking customers accessing the bank’s online banking services.

Shilpa Khatri

[email protected]

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