As part of the deal, the bank will deploy a Finacle-enabled two factor authentication system for its internet banking customers in the retail and corporate segments. The new verification system would help customers by protecting them from various internet based threats like brute force attacks, man in the middle, phishing and replay attacks.
Finacle is a product of Infosys, and a result of its strategic collaboration with CA Technologies. The product consists of a security framework which requires a two factor authentication. It means that it implements mutual authentication between the bank and the banks customer, via a simple and transparent ‘user login system.
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