Growing its mobile banking platform
Norwegian bank Sparebanken Vest today revealed one in every ten of its online customers are now using its mobile banking application since its launch on 4th of October 2012. Sparebanken Vest has selected Encap’s software-based authentication for its mobile app.
The app, available for both iOS and Android platforms, was created by Sparebanken Vest to provide its customers with banking services on the move. It allows its 250,000 retail customers to access balance enquiries, transfer money between accounts, make payments, and track bill due dates.
Encap’s patented technology “fingerprints” a user’s smartphone or tablet and lets the user select a PIN for the login process.
“Mobile will very soon overtake online as the primary channel for interactions with the bank for our customers,” said Jan Erik Kjerpeseth, deputy managing director at Sparebanken Vest.
“Banks need to be uncompromising in marrying this demand for speed and simplicity with their own need for secure transactions,” said Thomas Bostrøm Jørgensen, CEO, Encap. “We’re proud to have helped Sparebanken Vest bridge the gap between security and user experience.”
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