SOURCE: KOBIL Systems

KOBIL Systems

October 17, 2012 13:32 ET

Swiss Migros Bank Relies on New Online Banking Security Concept From KOBIL

Retail Bank Takes Up New Challenges in E-Banking With AST

ZURICH, SWITZERLAND and WORMS, GERMANY--(Marketwire - Oct 17, 2012) -  In 2013, as the first Swiss bank to do so, Migros Bank will introduce the latest development from IT-Security Manufacturer KOBIL in the form of innovative and modular platform technology, 'Application Security Technology (AST)'. The solution is compatible with all platforms and all types of devices. It opens new fields of application to banks outside of classic online banking too, such as mobile payment, secure messaging, and mobile-commerce services.

Online banking security is of pivotal importance to Migros Bank. The boom in the use of devices such as smartphones and tablet PCs in such a short space of time meant that Migros Bank needed find a secure and user-friendly authentication solution for all devices. 

"It was crucial for Migros Bank that, with KOBIL's AST, a solution would be available that would enable the customer to choose among all currently known types of devices, such as PC, notebook, tablet PC and smartphone. The solution is both user-friendly and secure. No other solution that we looked at could deliver this total package," according to Stephan Wick, member of Migros Bank corporate management.

About KOBIL's mID AST
KOBIL's mID AST is an innovative solution, making it possible to work with both a digital identity and novel technology on all platforms and all types of devices. Its modular functionality means that it is possible to tie in additional services as needed, such as mobile payment, e-commerce, and secure messaging. The server provided by KOBIL (SSMS) securely combines the banks' core technology with all other desired modules. It is thereby possible for the bank to establish an entirely new and secure means of customer communication and to fulfil modern customers' wishes. Secure Dual Communication Technology (DCT), which completely separates the actual transaction from the authentication, thus precluding an attack by hackers, ensures that security is always at the highest level despite the large number of new opportunities for the bank. In conjunction with the security server and technology update, the solution is capable of responding to rapid future threats and guarantees the bank not only the highest level of security, but also investment protection. The IT-Innovation award presented to KOBIL in 2012 by The University of St. Galen and University of Zurich is further acknowledgement of this globally unique solution; KOBIL AST.

About KOBIL Systems
KOBIL Systems is a market leader and trendsetter for highly convenient IT security solutions with a focus in the area of secure digital identities. KOBIL stands for secure data, secure communication and secure authentication on every computer worldwide. Founded in 1986, KOBIL Group based in Worms, Germany, is the only manufacturer worldwide with a fully developed product line for IT-Security. As a pioneer in the area of cryptography, smart card technology and PKI (Public Key Infrastructure, digital identities) and in the area of Security for mobile platforms as Android or iPhone ec. KOBIL's products have become today's recognized standard for secure digital identities. The full research and development of the products is made in Germany. KOBIL has 40 percent of the staff involved in R&D. KOBIL applications comply with international standards such as USB, NFC, ISO 14443, EMV-CAP, ISO 7816, ISO 9001 and the German Act for Digital Signature. KOBIL products also support common technology standards which make it very simple to integrate them into existing IT infrastructures. IT security solutions by KOBIL are mobile, flexible and user friendly, and are used in a variety of different industries. Many banks and corporations rely on KOBIL technologies, such as Deutsche Telekom, Datev, Commerzbank, Aareal Bank, DekaBank Luxembourg, Banque de Luxembourg, Sparkassen, Volksbanken, Deutsche Postbank, Migrosbank, Valiant Bank, Hypothekarbank Lenzburg, Berner Kantonalbank, ING Bank, Raiffeisenbank International, UBS, Société Générale, BBVA, Santander, Yapi Kredi, Akbank, Isbank, German parliament and German Federal Office for Information Security (BSI).
KOBIL USA expanded into North America with KOBIL USA's headquarters established in San Francisco in January 2012.

Contact Information

  • Contact
    KOBIL Systems GmbH
    Dr. Salim Guler
    Pfortenring 11, 67547
    Worms, Germany
    Tel.: +49-6241-3004-30
    Fax: +49-6241-3004-80
    Email: Email Contact
    Web: www.kobil.com