In the financial services industry, identity breaches on Internet based transactions need to be irradiated. The need for authentication and data protection is apparent. While strong authentication measures like digital certificates have been available for some time, their usability has been low.
Odyssey Technologies provides end-to-end Transactions Security products that bring authentication, privacy and accountability to online applications. Its products are built to seamlessly protect online applications without requiring any changes to the application or to the end-customer interfaces.
Odyssey’s ongoing efforts have resulted in Snorkel - TX that is extremely user friendly and deliver two-factor authentication and digital signatures for online transactions with simple configurations.
Snorkel - TX is a 64-bit trust and security gateway that delivers enterprise class security for online banking applications. It helps banks manage secure access to their Internet banking services through the use of Public Key Technology. Snorkel - TX facilitates banks to provide assurance and persistent accountability in transactions with their customers and partners, almost instantaneously.
“Snorkel - TX helps our customers deploy their critical business applications on the Internet without fear of Internet based threats or sacrificing end-customer comfort”, says V Murali, Vice President, Odyssey Technologies.
Snorkel - TX provides strong authentication and non-repudiation in addition to addressing the risks that arise due to identity thefts in Internet banking transactions.
Commenting on KVB customer acquisition, V Murali said, “Snorkel - TX is a middleware security platform that provides transaction security for today’s and tomorrow’s online security needs.”
“Snorkel - TX’s architecture isolates security logic from business logic allowing KVB to build its business applications to meet the market demands, at the same time preserve the highest level of security. The USP of Snorkel - TX is that it does not require any changes to existing core banking and Internet banking applications. Using this unique attribute KVB can enable transaction security for all its online services and Go-To-Market rapidly” he adds.