Eliminate passwords and achieve Strong Customer Authentication with HYPR.
The Regulatory Technical Standards (RTS) describes the principles of multi-factor and code generation to support Strong Customer Authentication for PSD2.
True password-less security provides a fast and simple approach to meeting PSD2 compliance by eliminating passwords entirely. Deploy HYPR and achieve strong authentication of user logins and cryptographically signed transactions.
Passwords and SMS authentication are no longer enough to achieve PSD compliance. Section 9.3 of the Regulatory Technical Standards (RTS) on Strong Customer Authentication (SCA) specifically describes the use of “separated software execution environments” for secure customer authentication.
HYPR takes a standards-based approach to eliminating passwords by combining FIDO authentication with best-in-class mobile security.
This approach empowers your business to meet and exceed PSD regulatory requirements and allows you to focus on what matters most – your users.
Decentralized authentication is really fast. With HYPR, your customers can perform their banking activities and authorize transactions anywhere without the need for passwords frustrating SMS text messages.
Eliminate Fraud & Credential Reuse
Account takeover and credential reuse is impacting your revenue. With HYPR decentralized authentication, users can login and authorize transactions using biometrics securely without ever revealing their personal credentials. By preventing credential reuse, HYPR has saved banks millions of dollars in fraud-related costs.
Increase Revenue & Transaction Volume
Financial institutions are trying to differentiate themselves and attract new customers by offering secure and convenient banking solutions for their customers. Secure passwordless authentication powered by HYPR is at the top of every major bank’s customer experience innovation checklist.