Entersekt, a provider of fraud prevention and payment security solutions, has introduced new features to its digital banking authentication platform. The new tool, Entersekt Orkestrate, aims to streamline authentication processes for financial institutions. As fraud tactics evolve, banks seek comprehensive solutions that secure every interaction while minimizing implementation efforts. By simplifying this process, Entersekt aims to address demands for swift integration without detracting from banks’ core operations, such as enhancing customer experiences.
Recent discussions around Entersekt’s efforts have noted the consistent threat from evolving AI-driven fraud tactics. In past observations, banks have dealt with increasing complexities in anti-fraud measures, requiring advanced solutions like Entersekt Orkestrate. Historically, creating robust security involved using multiple APIs and consuming extensive resources. Entersekt’s streamlined approach contrasts with former practices by offering a single API solution enabling faster deployment and response to fraud threats.
What does Entersekt Orkestrate offer?
Entersekt Orkestrate allows financial institutions to integrate various authentication methods through a single API. This strategy reduces the need for repeated development and facilitates rapid activation of multiple security processes. Banks can now adjust quickly to new fraud threats, minimizing disruption while maintaining a consistent user experience. Entersekt’s streamlined tool reduces deployment times from over a year to under two months, enhancing banks’ responsiveness to fraud.
Why is integration simplicity crucial for banks?
With cyber threats becoming increasingly sophisticated, banks require efficient systems to remain competitive. By providing a seamless integration option, Entersekt allows financial institutions to allocate resources towards customer-focused operations. Their capability to update security systems quickly without rebuilding infrastructure for every new threat is vital. The streamlined process facilitates compliance and adaptability, essential for upholding trust and security measures in the digital banking environment.
Entersekt’s Vice President of Product Development, Mzukisi Rusi, highlighted the advantage of Entersekt Orkestrate.
“Our customers and partners shouldn’t have to rebuild authentication every time fraud evolves,”
Rusi explained. The single API activation ensures institutions are prepared for evolving threats without sequential redevelopments.
CEO Schalk Nolte discussed the paradox artificial intelligence poses, with machines capable of both creating and detecting fraudulent actions.
“AI democratizes attack vectors. You don’t need to be a specialist anymore to do an attack.”
Despite the advancements of AI in attacks, Nolte emphasized the importance of merging AI insights with fundamental security strategies. This combination, along with cross-institutional collaboration, is crucial in keeping pace with potential fraudsters.
Combining contemporary technologies like AI with tried-and-true security practices creates a more resilient defense against fraudsters. Entersekt’s approach highlights the balance between utilizing modern technology and adhering to established security principles. The adoption of such comprehensive solutions indicates the direction banks and financial institutions might take in addressing security challenges. As cyber threats escalate, integrating agile yet solid security frameworks becomes pivotal.
