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African Banking Technology Conference 3 April 2008 Nairobi - Kenya

African Banking Technology Conference 3 April 2008 Nairobi - Kenya. Patrick Mburu Director, ATS - Africa. ATS-Africa an Overview. Advanced Technical Solutions - Africa LTD (ATS-Africa) - Incorporated in 2006

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African Banking Technology Conference 3 April 2008 Nairobi - Kenya

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  1. African Banking Technology Conference 3 April 2008 Nairobi - Kenya Patrick Mburu Director, ATS - Africa

  2. ATS-Africa an Overview • Advanced Technical Solutions - Africa LTD (ATS-Africa) - Incorporated in 2006 • IT solutions company, which is formed with strategic alliances in key technological solution industries. • We specialize in providing turnkey solutions, ranging from implementation of a top of the line mobile software solutions, network and information securitysystems and business consulting services

  3. Network & Information Security Solution

  4. Problem: Identity Theft • Why Security? • Problem: Identity Fraud • FACT: • Identity Fraud = 56 billion USD in 2006 • 12% is internet related = 7billion USD • Average per victim amount is 6000 USD per year Javelin Strategy and Research & Better Business Bureau 2006 Identity Fraud Survey Report

  5. Problem: Managing Multiple accounts • Trade ME • Africa Demo Bank (ABD) • HSBC • AMAZON • North-shore Council • Skype • Gmail • ANZ

  6. Problem: Deployment • Delivery Logistics • End Users support • Implementation • Maintenance, replacements

  7. The Solution • The Next One Time Password Generation • Cellular Authentication Token (CAT)

  8. Login ABD AgolaA ID: EF5D18 EF5D18 OTP: Submit Cellular Authentication Token – NO Deployment Problem • Download from the Internet • No maintenance, no replacements • End users already use Cellulars • Simple initiation • No Token Costs and no Logistics Costs, No Hidden Costs

  9. Select Site • Trade Me • ABD • HSBC • AMAZON Single CAT for Multiple Accounts

  10. Security: CAT = Maximum Security • Two Factors Authentication • What you have = Cellular token • What you know = Password • The Cellular is protected by PIN • CAT is protected by CAT Password • CAT Password not kept on Cellular • Only encrypted verification sentence is kept on Cellular • Encryption with the Cellular unique ID (IMEI ) • After 3 minutes shuts down

  11. CAT = Maximum Security • User enters a One Time Password to login • CAT Generates OTP every 60 Seconds • Hacker can not reuse old OTP • Hacker can not predict the next OTP • Hacker will look for the CAT Password on the Cellular

  12. Summary Old way CAT way • Check if user exists • Check if user enabled • Encrypt entered password • Compare with saved password • Allow access • Check if user exists • Check if user enabled • Calculate required OTP • Compare with entered OTP • Allow access

  13. Using the CAT CAT System administrator end user

  14. Using the CAT • Demo: Using the CAT on a Daily basis

  15. Using the CAT – end user Daily login

  16. Using the CAT – end user Daily login

  17. Using the CAT – end user Daily login

  18. Using the CAT – end user Daily login

  19. Using the CAT – end user Daily login

  20. Using the CAT – end user Daily login FE7C8B

  21. CAT Deployment – end user Access granted

  22. On-Going Developments • New investigations in personal security: • CAT 4 ATM Secure Transactions • Highlights: • Credit Card owner has to register the card for OTP • Different OTPs for different Cards • The OTP Verification is done at a server side • Server can be at the ATM company or Bank or Credit Cardcompany • Business Model • Registered Credit Cards can make OTP Verification over Internet for eCommerce

  23. System Authentication Server 4 Verify OTP 2 Generate OTP ATM Software 1 Query POTP 3 Enter Credit Card Enter POTP Update Log 5 Query Result Overview of Verification Process

  24. Mobile Banking Solution

  25. Mobile Banking • Unlike previous services, mobile banking is a mass-market tool characterized by personalized real-time or on-demand messaging • Mobile banking enables financial institutions to cost effectively reach their entire customer base. • ATS-Africa’s mobile banking suiteconstitutes a revolution in customer service relations and communications technology between financial institutions and their clients.

  26. Mobile Banking • New Opportunities: • Drive innovative personalized services, • Attract new clientele • Market to their customer base – leading to lower costs, higher revenues and greater profits

  27. The Solution: • ATS-Africa, through one of the leading providers of mobile messaging solutions for financial services, has developed a comprehensive offering enabling organizations to make the most of society’s mobile evolution. • Our end-to-end services provides banks, credit-card companies, and insurance firms what they need to maximize the power of financially-oriented mobile messaging. • The offering includes a robust middleware platform that serves as a gateway for managing mobile messaging for operational customer care and marketing needs

  28. 3 Tier Architecture • Secured Connectivity Layer creates a secure IT, two-way messaging channel • Large Account Application Gateway- A robust middleware platform that serves as a gateway for the central management of organizational messaging • Application Suite - an array of mobile banking applications such as balance notifications, automated account alerts, fraud alert, and mobile marketing

  29. The Solutions • m-Query: • A service that enables authorized customers to initiate MO SMS requests for internal personal account or external financial services data. • Launched by sending an SMS to a short code number, the application delivers an immediate SMS response to each request. • m-Campaign: • Aservice enabling financial institutions to conduct and manage mobile marketing campaigns. • Integrated with an organization’s CRM system, the solution allows for new product and service marketing via SMS, MMS and WAP links to an entire customer base or selected customer segments.

  30. The Solutions • m-Enterprise: • Aservice that enables financial organizations to send group messages to intra-organizational segments (e.g. branch personnel) or branch customers for updating purposes (e.g. new checkbook availability). • M-Trade: • A service that enables customers to receive periodic SMSnotifications regarding currency exchange rates, stock exchange alerts and other updates from financial data suppliers;

  31. www.ats-africa.cominfo@ats-africa.com Thank you Info@ats-africa.com www.ats-africa.com

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