Thought Leaders in Financial Technology: Hakan Nordfjell, Senior VP of eBanking and eCommerce at Gemalto (Part 4)

Hakan Nordfjell: For example, I know that I have identified himself and enrolled with that Third Party Provider (TPP). I can trust the service because when the TPP does the request on my behalf, I will be authenticated. Where we will have problems to solve for the open banking to flourish is when the banks ask for a single security. You need to have something that is more central which will help the TPP and the end user. I think that national banks will see that that’s the way for them to boost the business.

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Thought Leaders in Financial Technology: Hakan Nordfjell, Senior VP of eBanking and eCommerce at Gemalto (Part 3)

Sramana Mitra: Let me ask you a few questions to understand how you’re going to market with this kind of technology. Is this like a central hub where banks are all signing up for access or is it an enterprise software solution that each bank is buying?

Hakan Nordfjell: The model is, you go bank by bank. You sell the solution to the bank and they consume your security. You will still sell your security solution to all of the parties, but you will have one single hub for it. If I login to Bank A, I can use exactly the same security solution to login to Bank B. I can use the same security solution to login to a government portal. There are certain initiatives around the world for trying to set that up. Gemalto is a valuable part of that. Obviously, we are trying to position ourselves as a player in that.

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Thought Leaders in Financial Technology: Hakan Nordfjell, Senior VP of eBanking and eCommerce at Gemalto (Part 2)

Sramana Mitra: Across your activities within Gemalto, where do you think you’re providing the maximum leadership as far as financial technology is concerned.

Hakan Nordfjell: The thought leadership that we provide is within the online banking security and actually how you drive that into a new domain. Securing access from a person to a bank perspective might be interesting. It’s very important for a bank. While doing this, we are looking much further at how we can actually create a digital landscape.

By having the right security within the end users’ hands in some sense and empowering them better, >>>

Thought Leaders in Financial Technology: Hakan Nordfjell, Senior VP of eBanking and eCommerce at Gemalto (Part 1)

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. >>>

Thought Leaders in Cyber Security: Michael DeCesare, CEO of ForeScout (Part 4)

Michael DeCesare: The third trend is that a lot of the larger cyber organizations have tried to come out and declared themselves the platform underneath all of the different cyber companies. There’s quite a bit of energy around that.

The reality is that even now, you fundamentally have anti-virus, firewall, BYOP, and all other technologies that are making decisions about what’s good and bad based on their own intelligence but not communicating effectively with the layers of cyber security. I see a lot of energy from companies going into trying and figuring out how to share and to be able to run in a more integrated fashion. >>>

Thought Leaders in Cyber Security: Michael DeCesare, CEO of ForeScout (Part 3)

Sramana Mitra: What do you see happening in the industry? You’ve been in the Cyber Security space for a long time. What are the key trends? How do you see the industry shaping out given the fact that there’s such an immense amount of venture activity there.

Michael DeCesare: The interesting thing about cyber is that unlike any other area of IT, it has to evolve the quickest. You have the other side of the coin where the bad guys around the world are creating new ways to go after organizations. It tends to keep the Cyber Security industry very nimble. >>>

Thought Leaders in Cyber Security: Michael DeCesare, CEO of ForeScout (Part 2)

Sramana Mitra: What is the expectation? I’m a Cyber Security person inside a large enterprise looking at your dashboard. What is your dashboard alerting me to do or take action on?

Michael DeCesare: Our dashboard is a real-time view. It’s agent-less, so it gets its data across all devices. It’s heterogeneous. It works across multiple network architectures, and it’s continuous. We are constantly looking at every connection on the network. What we do is, we see every IP address. Without that customer having to put a lot of effort into the product, we are able to classify almost all of those devices by the correct bucket. We’re able to show them Windows machines from Amazon instances. >>>

Thought Leaders in Cyber Security: Michael DeCesare, CEO of ForeScout (Part 1)

We’ve covered Forescout for a while. They’re doing something very interesting in the Cyber Security space, quite an important architecture to track devices plugging into an enterprise network. This is an important company to understand in the sector.

Here are the two past articles: Billion Dollar Unicorns: ForeScout Does Not Want To Go Public Yet and 2017 IPO Prospects: ForeScout Files “Confidentially” that cover their IPO trajectory and maneuvers.

Sramana Mitra: Let’s start by having you introduce yourself as well as Forescout to our audience. >>>