Solus Connect and One-Tech have announced the launch of advanced security technologies that eliminate payment vulnerabilities and combat online fraud.
Solus Connect, a leading solutions provider of composite user authentication solutions, deliver high-level security software that eliminates the need for dongles, passwords, PINS and security tokens. Their advanced cybersecurity technology enables bespoke payment transaction and fraud specialist, One-Tech, to offer breakthrough services that provide a progressive solution to vulnerable banking and payment-related activities in the digital landscape.
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Consumer behaviour around online banking and digital payments has undergone an unprecedented shift. In turn, material changes have been introduced to improve functional operations and reduce the risk of fraud and other cybercrimes. What’s more, the COVID-19 pandemic has dramatically accelerated the adoption of digital-based services and the wider acceptance of contactless service channels.
The partnership with Solus Connect and One-Tech provides solutions that significantly strengthens online security across multiple industries. Solus Connect’s enhanced adaptive risk platform offers a versatile suite of multi-factor authentication capability options and seamlessly integrates artificial intelligence (AI), unobtrusive biometric solutions and behavioral tools.
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Speaking about the new partnership, Alan Kwan, CEO of One-Tech, explained that the opportunities extend beyond Asia Pacific as North and Central America are rapidly adopting contactless methods of value exchange. The platform is also multi-industrial as KYC (know your customer) is essential for access into secure facilities such as buildings and is essential when establishing provenance (especially in high value transactions requiring authenticity). The Solus and One Tech alliance allows us to license the agnostic platform to sectors including but not limited to banking, high-risk industries, pharmaceutical, antiquities and building/hotel management.
Matthew Ainscow, CEO of Solus Connect, commented: “Cashless payment options, whether retail, corporate or enterprise, will by and large continue to proliferate on the momentum of speed, simplicity, security and assurance. Traditional mediums to guard against credential theft and fraud loss do not stand up to today’s threat complexities and sophistication. The partnership with One-Tech will bring about an innovative bleeding edge and holistic industry approach to secured transactions in the payments theatre across the regions.”
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