Entersekt

Entersekt provides a comprehensive suite of financial authentication and fraud prevention solutions designed for financial institutions and e-commerce. Their offerings include digital banking authentication, multi-factor authentication (MFA), and advanced EMVCo-certified 3-D Secure solutions for secure online transactions. The company's core platform leverages patented Context-Aware™ Authentication technology to secure various digital channels, optimizing user experiences while significantly reducing fraud. This includes preventing account takeover (ATO) fraud, scams, and securing P2P payments through unified fraud intelligence and AI-powered risk-based authentication.

Entersekt's solutions primarily target financial institutions, including banks like Nedbank and Capitec Bank, as well as e-commerce merchants. These organizations face significant challenges with evolving fraud schemes, stringent regulatory compliance, and the critical need to deliver seamless, secure customer experiences. Entersekt helps them address these pain points by replacing outdated, vulnerable authentication methods, reducing fraud losses, streamlining compliance efforts, and enhancing overall customer trust and satisfaction across digital banking and payment channels. Their platform empowers digital transformation teams, finance teams, operations teams, and risk and compliance teams within these institutions.

Entersekt emphasizes broad ecosystem integrations and partnerships to ensure seamless deployment and functionality within existing financial infrastructures. Their solutions are integrated with key industry standards and organizations such as FIDO, Mastercard, and major core banking vendors. Specifically, their 3-D Secure offerings are EMVCo-certified and powered by Modirum, following the acquisition of Modirum's 3-D Secure software business in 2023. The platform also offers dedicated solutions for Q2 Digital Banking, enabling financial institutions to embed Entersekt’s advanced authentication directly into their digital applications and services.

Security and compliance are central to Entersekt's value proposition, with the company holding over 120 patents for its security innovations, including its Context-Aware™ Authentication technology. Their platform is designed to help financial institutions meet stringent regulatory requirements, such as GDPR, W3C standards, and PSD2 SCA mandates, by providing strong authentication and robust data protection. Entersekt's solutions incorporate real-time threat intelligence feeds to identify and block emerging threats, while methods like Browser ID ensure privacy by not tracking users across domains. This comprehensive approach minimizes compliance risks and protects against reputational damage.

Partnering with Entersekt delivers multiple strategic benefits for financial institutions. Firstly, it drastically reduces risk and fraud by replacing vulnerable OTPs with modern, passwordless authentication, leading to significant savings; for example, a reported 67% reduction in fraud in the first month of deployment and potential annual savings of over $2.3M in ATO fraud. Secondly, it drives revenue growth by facilitating frictionless, customer-preferred authentication, which boosts payment conversion rates, prevents false declines, and minimizes cart abandonment. Lastly, it helps expand and retain customer bases by enabling secure, seamless digital experiences and reducing call center volumes by up to 57% through biometric authentication and self-service options for critical tasks.

Entersekt's technology is built around a unified, cross-channel platform known as Entersekt Orkestrate. This platform combines advanced data-sharing capabilities, behavioral analytics, multi-layered detection, and AI-powered risk-based authentication to deliver effective scam and fraud prevention. The patented Context-Aware™ Authentication is a cornerstone, enabling real-time assessment of transactional scenarios and adaptive security across various touchpoints. This allows financial institutions to transition from reactive fraud prevention to a proactive, friction-optimized approach that secures digital transactions and access across mobile, browser, and call center channels, enhancing both security and user experience.