ekShield
Replace SMS OTPs | Cut Fraud | Enhance Client Experience
A robust, enterprise-grade, omni-channel, in-app authentication solution designed for banks, including advanced Runtime Application Self-Protection (RASP) to safeguard against real-time threats.
ekShield Features
Cryptographic based secure device binding to ensure strong proof of customer ownership
Unified, consistent authentication experience for customers across different channels / application
Open standards based, API-first implementation that integrates seamlessly with different applications
Comprehensive MFA implementation viz. Soft token, Hardware token and SMS OTPs with a robust Runtime Application Self Protection (RASP)
Strong compliance to regulations by enabling risk-based authentication, continuous access monitoring, detailed audit trails
Adaptive risk-based authentication that adjusts based on the level of risk
Real-World Challenges for Banks vs Ektar’s Solution (ekShield)
Banking Challenge
Security Risks
- Rising fraud losses
- Erosion of trust in digital channels
- $486B lost to digital fraud globally (2023)*
User Experience Issues
- Frustrating login processes
- OTPs not delivered via SMS
Operational Inefficiencies
- $12B+ spent globally on SMS OTP
- Multiple systems managing authentication
How ekShield Solves It
Stronger Security
- Advanced protection for all digital channels
- Restores trust with robust fraud prevention
Seamless Experience
- Passwordless, friction-free login
- Offline token availability
- Unified, intuitive journeys
Significant Cost Savings
- Eliminates SMS OTP expenses
- Consolidates authentication into one solution
Customer experience
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One mobile app for everything
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Offline soft token enables clients to authenticate transactions securely, even without data roaming
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ekShield passwordless login helps your customers access your internet banking portal effortlessly, providing a higher level of security
Efficiency
Significantly reduce the bank cost incurred on account of huge volumes of SMS being sent to customers.
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Soft token SDK provides ToTP as an alternative for SMS authentication
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Notification Engine provides an alternative for SMS alert