Security specialists award Smarter Authentication Platform highest rating
Oslo & Palo Alto, 8th September, 2015 – Encap Security, provider of uncompromising authentication for financial institutions, has today been awarded Goode Intelligence’s highest possible rating in a review of its ‘Smarter Authentication’ platform’s capabilities.
The report from Goode Intelligence evaluates Smarter Authentication by examining its key strengths, business benefits, security standards and awards, and deployment success. It is intended to provide an independent evaluation of the authentication platform, drawing upon Goode Intelligence’s expertise of the authentication and identity management market.
The report describes Smarter Authentication as a highly customisable, adaptive and risk-based platform that meets the needs of highly-scalable connected digital services in regulated industries. Specifically, the way that the platform can be quickly integrated and rolled out to millions of end-users, and its availability for all smart mobile devices on the market, makes it particularly suitable for the financial services market.
“We’ve been covering mobile-based authentication since 2009, and over that time we’ve developed a checklist of where an authentication solution needs to excel in order to be market leading,” said Alan Goode, Managing Director, Goode Intelligence. “Judging Encap Security’s platform against that criteria, we were satisfied we could award it Highly Commended.”
“We have always held to the belief that authentication should be an enabler of value and revenue, not an obstacle as is so often the case. Smarter Authentication 3.0, which we launched earlier this year, was focused on turning that belief into a reality,” said Thomas Bostrøm Jørgensen, CEO, Encap Security. “Goode Intelligence awarding us its highest accolade is confirmation that we’re heading in the right direction. The market moves quickly however, and we need to ensure that Encap Security remains at the vanguard.”
Goode Intelligence judges mobile authentication based on the following criteria: convenience and userability, security, scalable, omnichannel support, risk and policy based, context and process driven, support for multiple factors, simple to integrate into existing infrastructure, and easy to provision and support for self-service lifecycle management.
The award follows Encap Security winning ‘Best Multifactor Solution’ at the SC Magazine Awards in June, for the second year running.
About Encap Security
Encap Security provides uncompromising authentication for financial institutions. It uses smart device capabilities to transform authentication from an obstacle into an enabler of financial services innovation.
Encap’s Smarter Authentication platform turns any device into a security credential removing the need for cumbersome and costly SMS codes and hardware such as tokens and SIM-cards. It makes authentication simple for users, and enables innovation, reduces risk and drives service adoption for institutions.
Based in Oslo, Norway, and Palo Alto, USA, Encap Security’s world class management team has an unrivalled pedigree in mobile banking, finance, enterprise and remote access security. Its patented solution is used by major banking institutions such as Santander, EnterCard and Sparebanken Vest.
About Goode Intelligence
Since being founded by Alan Goode in 2007, Goode Intelligence has built up a strong reputation for providing quality research and consultancy services in information security including:
• Authentication and Identity
• Mobile Security
• Biometric Authentication and Identity
• Internet of Things Security
For more information on this or any other research please visit www.goodeintelligence.com.