Gemalto, the world leader in digital security, announces that its complete strong authentication solution has been selected by PT Bank Muamalat Indonesia Tbk (BMI) to enhance the security of their internet banking platform. BMI is the first bank in Indonesia to introduce innovative services adapted to Islamic financial practices, operating 456 outlets spread across 33 provinces. The combined Ezio eBanking Server and the Ezio Signing Token will deliver end-to-end protection of sensitive data enabling BMI to gain increased customer confidence and meet various government and industry-specific regulations.
The key differentiator of the Ezio solution is the strong authentication server, the first to be compliant with both the leading proprietary technologies and the industry’s most popular open standards – supporting all types of two-factor authentication tokens, including OTP, PKI, OATH and software solutions. This enables easy integration with BMI legacy systems while protecting its investments. The server supports a wide variety of form factors, offering BMI increased flexibility in choosing the authentication method that best suits each customer segment’s needs, and ensuring scalability in the future.
BMI’s current SMS-based token system will be replaced by the Ezio Signing Token, used for authentication and authorization of sensitive transactions. The token will be made available to BMI’s corporate customers for securing high-value online banking transactions.
“Internet banking is a crucial service that allows BMI to effectively serve its physically distributed customer base,” said Tan Teik Guan, Vice President Authentication Server and Software Solutions at Gemalto. “In Indonesia, the internet is forecast to grow at a rate three times that of the overall economy over the next five years and is expected to account for at least 2.5% of GDP by 2016. The scalability of Gemalto’s Ezio solution prepares BMI to meet this anticipated strong demand.”