Federal Bank announced that it has strengthened its Internet banking security verification system. It has implemented the Finacle-enabled two-factor authentication solution for its corporate and retail Internet banking customers, says a press release from the bank.
Finacle from Infosys, through its strategic partnership with CA Technologies, has put in place a vigorous security framework which provides two-factor authentication.
The solution helps ensure mutual authentication between the bank and the end-user, enabling an easy and transparent ‘user login’ experience.
It protects customers against various kinds of existing and emerging security threats such as phishing, man-in-the-middle, brute-force attacks, and replay attacks to name a few, the release added.
> ravikumar.ramanujam@thehindu.co.in
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