In this wide-ranging discussion, perhaps the most thought-provoking question is the one about data and who owns it.
Sramana Mitra: Let’s start by having you introduce yourself as well as Gemalto to our audience.
Hakan Nordfjell: I’m responsible for the Digital Banking segment within Gemalto. Gemalto is a digital security company based in Amsterdam. It tries to make the digital space secure. We work in the telecom and banking sectors. We work with enterprises as well as the government. Everything we do is related to some aspect of security. In banking and payment, we work with smart cards and mobile payment. Then it comes back to digital banking.
Within digital banking, we try to make it possible to remotely access your accounts. We try to make that space secure. We started 15 years back when banks were moving from offline branches to online. Obviously, at that time, the attack angle from hackers was one of the prime concerns in the space. We came into that space 15 years back and we’ve been there ever since.
You can have a physical hardware when you log on to generate one time codes, or we can do that on mobile. When you log on to your PC, you will interact with your mobile to gain access to the remote channel. What we do is, we provide client security as well as the backend security. We also provide fraud detection services by knowing which type of device you’re on and if you have been in a fraudulent situation. We basically have footprints on the devices and we can also monitor the user behavior on the devices to make the security more easy for the end user because they don’t see that in the backend.
Sramana Mitra: Good overview. I will let you pick where you want to double-click down into the details.