Oslo & Palo Alto, 12th November, 2015 – Encap Security, provider of uncompromising authentication for financial institutions, has today announced that mydesq, a high growth fintech firm, will integrate Encap’s Smarter Authentication platform into its next generation wealth management solution. mydesq provides wealth managers with a next generation workbench allowing them to improve their service to clients, provide an enhanced client experience, comply with regulations and increase their productivity. Using mydesq, wealth managers can on-board clients quickly and easily, gain a deep understanding of their clients’ needs, and access all of the necessary information to create tailored investment recommendations. It also allows managers to monitor investments and interact securely with the clients online.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. mydesq’s wealth management solution now boasts an enhanced user experience which is: Intuitive – users can authenticate using a variety of native device based methods including one-touch access via Apple Touch-ID Avoids context switching – users don’t have to leave the application to copy and paste a code. Authentication is integrated and contextual to the activity at hand Delivers a consistent experience – users will be able to use the same method of authentication (PIN, Touch-ID etc.) across mobile, web, call centre and branch In addition, mydesq will be able to take advantage of Encap’s PKI key-generation technology and provide legally binding digital e-signatures to their customers, removing the burden of slow paper-based processes. “mydesq’s vision is to enable wealth managers by providing an information advantage, reducing their operational costs, increasing their sales and service, and preparing them for the next generation of clients. This new generation wants to interact securely online and via mobile with their advisors,” said Milan Vora, CEO at mydesq. “Encap Security was a natural fit for our philosophy – it enables easy, intuitive access that users don’t find painful and frustrating while ensuring banking-grade security to protect valuable data from attack.”“Our aim with Smarter Authentication is to create a better relationship between customers and their banking applications, but our partnership with mydesq opens up a new front in the battle against bad authentication,” said Thomas Bostrøm Jørgensen, CEO, Encap Security. “It’s important for financial institutions to invest in their internal processes, as well as their customer-facing applications, in order to become truly digital, omnichannel organisations.”-Ends-About Encap SecurityEncap 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.Website: https://www.encapsecurity.com/Twitter: https://twitter.com/encapsecurityLinkedIn: https://www.linkedin.com/company/encap?trk=company_nameAbout mydesqMydesq provides wealth managers with the next generation workbench allowing them to increase their service to clients, provide an enhanced client experience and comply with regulations while increasing their productivity.Mydesq covers all client touchpoints from client onboarding, finding suitable investments for clients, preparing a state-of-the-art investment proposal, monitoring investments, creating client reports and ensuring secure interactions with clients via chat or video calls.The complete mydesq ecosystem allows Banks and Wealth Managers to reduce operational costs, increase sales and service and be ready for the next generation of clients.Based in Zürich, Switzerland, mydesq has been chosen as the platform of choice by several banks and asset managers worldwide.Website: http://www.mydesq.com/Twitter: http://www.twitter.com/mydesqLinkedIn: https://www.linkedin.com/company/9183863 Source: RealWire
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