Dec 04, 2014

Vakıfbank customers will protect their mobile banking transactions against security risks and cyber-attacks with Cep İmza, the new Mobile Banking Application supported with the latest online banking security technology mIDentity Protection. The new mobile app not only provides a higher security level against fraudsters in internet and mobile banking transactions, but also puts an end to SMS acknowledgement, password generation and recurrently entering passcodes for approval.

In cooperation with KOBIL, a market leading pacesetter in the production of innovative technologies in the data and digital identity sector, newly developed Cep İmza (Mobile Signature), a high-security mIDentity Protection-based mobile banking app, is now available for Vakıfbank customers.

By downloading and activating Cep İmza solution, Vakıfbank customers will be able to validate and complete their mobile banking transactions quickly and practically over Cep İmza screen without even bothering with multi-staged SMS passwords and customer number requests. The whole process helps Vakıfbank customers to manage and conclude their mobile and online banking transactions easily, with only one click, on a more secure platform than ever before. The new system will also prevent Cep İmza users to be the new victims of cyber pirating, theft and other types of online manipulations, even on public computers or smartphones that have no firewalls.

Mobile protection technology closing security gaps: mIDentity Protection

Providing an end-to-end interactive, reliable and compelling platform in a closed circuit for encoded messaging between the bank and its customers, KOBIL’s mIDentity Protection solution makes device control, protects app originality and authenticates users during mobile banking through two-factor identity authentication feature. Protecting devices like iPhone, iPad, Android and Windows 8 PCs against counterfeit, mIDentity Protection also makes online banking system more secure than ever before as an integrated product, especially with its most recent security algorithms and automated security steps. This high-security approach not only raises customer satisfaction, but also increases customer loyalty, as secure messaging infrastructure obviates users’ security concerns.

200,000 users in 6 months

“As a result of a nine-month devoted work and cooperation with KOBIL, we’ve been able to materialize our new Mobile Banking App for our customers” said Mustafa Saydam, Deputy General Manager, Vakıfbank. “The internet and mobile banking consumer group in Turkey has a long established usage habit of SMS, customer number and password. As Vakıfbank, one of Turkey’s prominent banks, we have changed this usage model and broken the routine with online transaction security option as a first in Turkey. Usually banks and financial institutions make concessions over security while trying to emphasize simplicity and convenience. However, with Cep İmza, we have been able to fulfill our customers’ needs for both security and simplicity. In this way, we helped them adopt this new app in a very short time. Just in six months, the number of Cep İmza users has reached over 200,000.”

ATM and smartphone banking on the way

“Three-year long R&D projects that aimed at making messaging between banks and their customers more secure and interactive have yielded very good results today” said Ümit Yaşar Usta, Country Manager, KOBIL Turkey. “One of the most significant advantages of Cep İmza is that it works on a more secure platform than the other identity authentication platforms that are widely utilized today. Used extensively by banks in Switzerland and Germany, mIDentity Protection solution is based on digital signature that removes security holes caused by SMS and OTPs in internet and mobile banking transactions. This brand new infrastructure successfully meets banks’ and customers’ high-security expectations. We are now working on adapting our mIDentity Protection solution for smartphone banking and ATMs and forming another security wall that extends to different platforms.”