Convenience, Security, or Both? Setting Out a Vision for Authentication

Create a vendor selection project & run comparison reports
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
20 July 2016
Zilvinas Bareisis

Abstract

Important changes in customer expectations, regulation, and technology are forcing banks to place renewed emphasis on authentication. This report discusses these drivers of change and sets out Celent’s vision for authentication.

Celent has released a new report titled Convenience, Security, or Both? Setting Out a Vision for Authentication. It addresses three key research questions.

Customer authentication is not a new topic. Financial institutions deal with identity and authentication issues on a daily basis in a number of ways. Yet today, important changes in customer expectations, regulation, and technology are forcing banks to place renewed emphasis on authentication.

“Celent’s vision for best-in-class authentication is to deliver both strong security and frictionless customer experience at the same time,” says Zilvinas Bareisis, a senior analyst with Celent’s Banking practice and author of the report. “In order to achieve this, we contend that authentication should be built on solid foundations: secure customer identity and device binding, risk- and context-aware, multifactor, and flexible, offering multiple modalities and coping with multiple ways to access the account or payments credentials.”

In addition to setting out Celent’s vision for authentication, the report discusses:

  • The upcoming PSD2 requirements for strong authentication.
  • The rise of biometrics, including different modalities and device-based vs. server-based implementations.
  • An overview of FIDO alliance and W3C Web Authentication Working Group.

This report contains nine figures and one table.

Subscription required

Access to this content requires a Celent research subscription.

Subscribers should sign in to access this research.

Insight details

Content Type
Reports
Focus
Industry Trends, Innovation & Emerging Technology, Risk Management & Compliance