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Peace of mind in banking A readily universal solution for all transactions that features strong authentication and digital signature eliminates the need for signing up with numerous authentication systems. A key element for success of any mobile ID service, simplicity of the mobile user experience maximises the number of visits to your e-service. Enabling transactions to be completed with one simple system for strong authentication across all online, mobile, and cashmachine banking interactions gives a channel-independent familiar feel to each of the banking services and enables greater cost-effectiveness.

Secure online banking in Norway Valimo’s Mobile ID solution gives more than three million Norwegian mobile users access to strong authentication and mobile signature for all their electronic banking transactions. The solution is interoperable for all of Norway’s mobile operators. Read more about how Valimo Mobile ID enables secure online banking in Norway: www.valimo.com/secureelectronic-banking-with-valimo-mobile-id-the-case-ofnorway/.

Key benefits of using mobile ID for e-banking • Cost savings in comparison to distribution of hardware tokens • Optimisation of customer care through simple and fast registration • Interoperability – the banking provider or subscriber doesn’t matter • Massive mobile reach for all banks, immediately • End-user mobility: transactions at any time, anywhere • The highest possible security via the application, with a strong PKI and certificate scheme • Digital signature for all financial transactions

Valim o Mo bile I • Ac cess D

auth and e bank nticate m obile • Co ing nfirm m p • Si ayments obile • Si gn transac gn d tion cont ocumen s r ts an a • Co cts d nfirm loan agre e men • ts

Mobile ID to protect electronic banking

About us Valimo Mobile ID allows mobile phone users to securely authenticate, digitally sign documents, and confirm transactions and payments, simply by entering a self-chosen PIN code. The multipurpose solution combines strong security and ease of use, enabling new service concepts and more efficient processes. Valimo Mobile ID is used in a variety of services throughout the world, including online banking, mobile payments, e/m-commerce applications, and governmental services, cloud services along with enterprise identity and access management. The two-channel, three-factor authentication method based on Public Key Infrastructure (PKI) produces a legally binding signature regardless of time and place.

©ValimoWireless 2014

Valimo Wireless Ltd P.O. Box 31 (Myllynkivenkuja 4) FI-01621 Vantaa Finland info@valimo.com www.valimo.com


is no need to compromise on security as the mobile phone becomes a convergence point of several distinct uses, all with no need for additional dedicated hardware or a desktop computer.

Easy registration Among Mobile ID’s direct benefits for banks is no-fuss immediate registration via the mobile channel. Keys and certificate are safely stored on the SIM, which performs on-board key generation. Registration is facilitated by the user information already supplied by the bank branches. Users can register in a few minutes via their mobile phone without having to visit a service point. The easier the registration process is, the more adoption there will be.

Protecting your money

Easy-to-use and secure digital signatures

Micropayment, mobile wallet, and mobile banking applications are flourishing in today’s market. People everywhere use these solutions, often in conjunction with SMS messages, in day to day transport, shopping, travel, and many other daily activities. With the mobilisation of banking applications, people are transferring credit card details and banking information to a mobile device and then using it for financial transactions. With the mobile dimension, the risk of fraud and attacks has risen substantially over the years. Mobile ID is the perfect response to this growing threat.

Enabling a remote channel for financial services opens a door to digital and online crime. The worldwide figures are staggering: recent analysis puts the annual cost of identity theft to businesses at $500 billion globally in 2012. Yet service providers are often reluctant to put appropriate security measures in place, for fear of complicating the customer experience and creating an obstacle to adoption. The great advantage of Mobile ID is that it is both highly secure and extremely easy to use – there is virtually no disruption to the user experience. It can be used by smartphone applications or with basic handsets (on the SIM, with STK). Mobile ID is a unique solution that combines the highest level of security (PKI-based) and ease of use. When you conduct financial transactions, you want them to be secure, and signed so that they cannot be repudiated later. Europe, the USA, Brazil, and India, among others, already have

legal conditions that demonstrate the benefit of having a digital identity and signature. Non repudiation of transactions – the foundation for trust – is now powered by Mobile ID. The system creates the environment of trust needed between stakeholders: banks, service providers, and consumers.

Secure online and mobile access to all local banks Valimo Mobile ID is a highly secure mobile authentication and signing solution that helps to protect your number-one asset, your identity, when you conduct transactions online or otherwise from a mobile device. The keys that fundamentally link you to the electronic identity are created in a tamper-resistant environment, typically on a SIM/UICC card. These keys, associated with a digital certificate, never leave the environment, which renders identity theft impossible. The key generation and registration is quick and painless, making the deployment of Mobile ID incredibly easy for consumers. The mobile identity may even be deployed to the Secure Element over the air, via a trusted service manager (TSM). Another valuable asset – namely, your money – is well protected with Valimo Mobile ID. Since the solution is based on public key infrastructure, which is the only way to achieve legally binding signatures, it offers a convenient and secure way to protect both the end user and the financial service provider. The confirmations are signed digitally so cannot be repudiated later on. When your signature device is your mobile phone, your money is protected even if your computer is compromised – nothing can leave your account without your explicit approval by means of your mobile phone. Valimo Mobile ID is easy to use, provides interoperability, and offers a very good value proposition to all who want to protect their assets.

Bank online

The move from fixed to mobile The modern world is becoming more and more mobile every day as applications move onto smartphones and our daily routines employ mobile data networks and phone-based applications more and more. Smartphones overtook computers in sales figures in 2011, and the penetration of these phone-shaped tiny computers has already surpassed 50% in some markets. We are clearly moving from fixed to mobile. The mobile phone has a ‘Secure Element’, a technical solution ensuring the integrity and security of its operations. The Secure Element, be it the SIM, a microSD card, or an embedded Secure Element, provides protection for our most valuable asset – our identity.

Secure access Credits Transacons Insurance Payments Contract signing The association of a PIN code (something you know) and the use of this element (something you have) is a ‘two-factor’ solution that makes your phone a true means of proving your identity. The typical electronic identity uses a key pair linked to a digital certificate to associate your physical person with your digital actions. With the association of the Secure Element, PIN secret, and digital certificate, the critical elements for creating a digital identity come together. Thus mobility gives us the freedom of accomplishing tasks where and when we choose to. And there

Valimo Mobile ID client on SIM

Valimo Mobile ID Soluon Registraon

Cerficaon authority

Messaging

Signing

Registraon


is no need to compromise on security as the mobile phone becomes a convergence point of several distinct uses, all with no need for additional dedicated hardware or a desktop computer.

Easy registration Among Mobile ID’s direct benefits for banks is no-fuss immediate registration via the mobile channel. Keys and certificate are safely stored on the SIM, which performs on-board key generation. Registration is facilitated by the user information already supplied by the bank branches. Users can register in a few minutes via their mobile phone without having to visit a service point. The easier the registration process is, the more adoption there will be.

Protecting your money

Easy-to-use and secure digital signatures

Micropayment, mobile wallet, and mobile banking applications are flourishing in today’s market. People everywhere use these solutions, often in conjunction with SMS messages, in day to day transport, shopping, travel, and many other daily activities. With the mobilisation of banking applications, people are transferring credit card details and banking information to a mobile device and then using it for financial transactions. With the mobile dimension, the risk of fraud and attacks has risen substantially over the years. Mobile ID is the perfect response to this growing threat.

Enabling a remote channel for financial services opens a door to digital and online crime. The worldwide figures are staggering: recent analysis puts the annual cost of identity theft to businesses at $500 billion globally in 2012. Yet service providers are often reluctant to put appropriate security measures in place, for fear of complicating the customer experience and creating an obstacle to adoption. The great advantage of Mobile ID is that it is both highly secure and extremely easy to use – there is virtually no disruption to the user experience. It can be used by smartphone applications or with basic handsets (on the SIM, with STK). Mobile ID is a unique solution that combines the highest level of security (PKI-based) and ease of use. When you conduct financial transactions, you want them to be secure, and signed so that they cannot be repudiated later. Europe, the USA, Brazil, and India, among others, already have

legal conditions that demonstrate the benefit of having a digital identity and signature. Non repudiation of transactions – the foundation for trust – is now powered by Mobile ID. The system creates the environment of trust needed between stakeholders: banks, service providers, and consumers.

Secure online and mobile access to all local banks Valimo Mobile ID is a highly secure mobile authentication and signing solution that helps to protect your number-one asset, your identity, when you conduct transactions online or otherwise from a mobile device. The keys that fundamentally link you to the electronic identity are created in a tamper-resistant environment, typically on a SIM/UICC card. These keys, associated with a digital certificate, never leave the environment, which renders identity theft impossible. The key generation and registration is quick and painless, making the deployment of Mobile ID incredibly easy for consumers. The mobile identity may even be deployed to the Secure Element over the air, via a trusted service manager (TSM). Another valuable asset – namely, your money – is well protected with Valimo Mobile ID. Since the solution is based on public key infrastructure, which is the only way to achieve legally binding signatures, it offers a convenient and secure way to protect both the end user and the financial service provider. The confirmations are signed digitally so cannot be repudiated later on. When your signature device is your mobile phone, your money is protected even if your computer is compromised – nothing can leave your account without your explicit approval by means of your mobile phone. Valimo Mobile ID is easy to use, provides interoperability, and offers a very good value proposition to all who want to protect their assets.

Bank online

The move from fixed to mobile The modern world is becoming more and more mobile every day as applications move onto smartphones and our daily routines employ mobile data networks and phone-based applications more and more. Smartphones overtook computers in sales figures in 2011, and the penetration of these phone-shaped tiny computers has already surpassed 50% in some markets. We are clearly moving from fixed to mobile. The mobile phone has a ‘Secure Element’, a technical solution ensuring the integrity and security of its operations. The Secure Element, be it the SIM, a microSD card, or an embedded Secure Element, provides protection for our most valuable asset – our identity.

Secure access Credits Transacons Insurance Payments Contract signing The association of a PIN code (something you know) and the use of this element (something you have) is a ‘two-factor’ solution that makes your phone a true means of proving your identity. The typical electronic identity uses a key pair linked to a digital certificate to associate your physical person with your digital actions. With the association of the Secure Element, PIN secret, and digital certificate, the critical elements for creating a digital identity come together. Thus mobility gives us the freedom of accomplishing tasks where and when we choose to. And there

Valimo Mobile ID client on SIM

Valimo Mobile ID Soluon Registraon

Cerficaon authority

Messaging

Signing

Registraon


Peace of mind in banking A readily universal solution for all transactions that features strong authentication and digital signature eliminates the need for signing up with numerous authentication systems. A key element for success of any mobile ID service, simplicity of the mobile user experience maximises the number of visits to your e-service. Enabling transactions to be completed with one simple system for strong authentication across all online, mobile, and cashmachine banking interactions gives a channel-independent familiar feel to each of the banking services and enables greater cost-effectiveness.

Secure online banking in Norway Valimo’s Mobile ID solution gives more than three million Norwegian mobile users access to strong authentication and mobile signature for all their electronic banking transactions. The solution is interoperable for all of Norway’s mobile operators. Read more about how Valimo Mobile ID enables secure online banking in Norway: www.valimo.com/secureelectronic-banking-with-valimo-mobile-id-the-case-ofnorway/.

Key benefits of using mobile ID for e-banking • Cost savings in comparison to distribution of hardware tokens • Optimisation of customer care through simple and fast registration • Interoperability – the banking provider or subscriber doesn’t matter • Massive mobile reach for all banks, immediately • End-user mobility: transactions at any time, anywhere • The highest possible security via the application, with a strong PKI and certificate scheme • Digital signature for all financial transactions

Valim o Mo bile I • Ac cess D

auth and e bank nticate m obile • Co ing nfirm m p • Si ayments obile • Si gn transac gn d tion cont ocumen s r ts an a • Co cts d nfirm loan agre e men • ts

Mobile ID to protect electronic banking

About us Valimo Mobile ID allows mobile phone users to securely authenticate, digitally sign documents, and confirm transactions and payments, simply by entering a self-chosen PIN code. The multipurpose solution combines strong security and ease of use, enabling new service concepts and more efficient processes. Valimo Mobile ID is used in a variety of services throughout the world, including online banking, mobile payments, e/m-commerce applications, and governmental services, cloud services along with enterprise identity and access management. The two-channel, three-factor authentication method based on Public Key Infrastructure (PKI) produces a legally binding signature regardless of time and place.

©ValimoWireless 2014

Valimo Wireless Ltd P.O. Box 31 (Myllynkivenkuja 4) FI-01621 Vantaa Finland info@valimo.com www.valimo.com


Valimo brochure Banks