Stay Ahead of Fraud: Innovative Solutions for Financial Institutions
As a bank or financial institution, you are confronted with rising cyber threats, new technologies, and changing compliance requirements. It is crucial to ensure the protection of your institution, employees, and customers.
Customer Success Stories
Overcoming Your Challenges with Our Expertise
Customer-first, Personalized Experiences
Enhance Customer Experience with PortalGuard
For financial institutions, delivering an exceptional customer experience is vital for reducing churn and boosting retention. To strengthen customer relationships, you need a distinctive cybersecurity approach.
Our PortalGuard platform meets the specific needs of banks, offering user-friendly, highly secure solutions that ensure a seamless experience while maximizing protection.
Scalable Solutions to Gain Competitive Edge
Optimize Security Within Budget Constraints
As an IT leader in financial services, you must protect sensitive data while managing tight budgets. Effective cybersecurity solutions should enhance customer offerings without overspending.
PortalGuard is tailored for your needs, consolidating identity and access management functions to reduce costs and risks. This enables your team to accelerate product launches and stay ahead of the competition.
Tools to Navigate the Cyber Risk Landscape
Ensuring Data Protection and Compliance
In financial services, protecting sensitive customer data and ensuring compliance with regulations is essential, including the Payment Card Industry Data Security Standard (PCI-DSS), Gramm-Leach-Bliley Act (GLBA), and Sarbanes-Oxley Act (SOX).
With BIO-key’s NIST-tested biometric solutions and PortalGuard’s adaptive authentication capabilities, you can build deep trust and ensure that only authorized users access your systems.
Our Solutions in Action
We recognize that financial institutions have unique security needs, so we tailor our solutions to meet those specific requirements.
Customer Identity & Access Management (CIAM)
Traditional IAM often overlooks customers, who are essential to the success of banks. While online banking deployments can be costly, they significantly impact user experience. BIO-key’s biometric solutions offer customers a secure, seamless, passwordless experience, all while reducing your costs.
Shared Workstations & Kiosks
Your employees need a smooth, efficient, and secure way to work on shared stations. Physical tokens and mobile authentication can be costly and inconvenient. With BIO-key’s biometrics, you can easily set up fingerprint scanners for passwordless login at any branch, allowing users to access devices without phones or tokens.
Zero-Trust Environments
The Zero Trust approach assumes that everyone and every device could be a potential threat. Multi-Factor Authentication (MFA) is a key step in this strategy. BIO-key’s PortalGuard platform provides a variety of authentication methods: something you know (passwords), something you have (tokens), and something you are (biometrics). BIO-key’s biometric solutions authenticate users’ actual identities, making it the strongest way to establish trust where it matters most.
Customer Success Story
As cyber threats pose significant risks to commercial banks, many are re-evaluating their authentication strategies. The FFIEC and OCC have updated their guidance, emphasizing that Multi-Factor Authentication (MFA) can effectively reduce risks and prevent unauthorized access.
Responding to these recommendations, the Orange Bank & Trust Company successfully transitioned away from passwords, adopting MFA and biometrics to tackle cyber risks directly.
“Our team at Orange Bank is partnering with BIO-key to provide our financial institution with a cloud IDaaS solution that delivers advanced biometric authentication. BIO-key provides both biometric authentication and a proven suite of IAM solutions that provide security flexibility and value over approaches offered by other vendors.”
Orange Bank and Trust Company
Product Recommendations
See how IBB offers the highest levels of accountability and versatility by establishing trust that is rooted in a person’s biometric identity.
Implement authentication approaches such as adaptive, step-up, passwordless authentication.
Secure and access all of your applications through a single point of strong authentication with a single IdP.
