Amsterdam, Sept 14, 2016 – Gemalto (Euronext NL0000400653 GTO), the world leader in digital security, supports Cathay United Bank, a leading bank in Taiwan, in securing its online banking services. Gemalto’sEzio Mobile suite enables CUB’s customers to securely access their bank’s services from their PCs, tablets, and smartphones, using their mobiles as authentication device. As a result, CUB is able to offer an enhanced user experience to its customers, save costs, and meet a new government regulation requiring Two-Factor Authentication (2FA). Gemalto will also provide support and maintenance services for smooth deployment of the solution.
Taiwan has a high smartphone penetration of 88% with over 16.4 million users in 2015. The ubiquity of smartphones is changing consumer behavior, with people preferring to use phones instead of traditional tokens, for online authentication. Gemalto’s solution, which replaces CUB’s SMS-based system, allows users to enjoy the convenience of online banking, with security and ease.