GEC NEWS WIREGemalto has been selected by KNET, Kuwait’s national Shared Electronic Banking Service Company, and jointly owned by 11 Kuwait’s banking institutions, to supply its Confirm Authentication Server. Gemalto’s solution generates One-Time-Passwords for online authentication, enabling millions of safe eTransactions in the country via the KNET e-payment gateway and delivering a step change in fraud protection. The secure platform is highly customizable and it can support a wide range of authentication and signing methods. Starting with SMS OTP, it will ultimately enable banks to expand towards Gemalto Mobile Protector and Secure Messenger solutions.
KNET ePayment gateway also serves the country’s government entities, for the payment of fees and bills related to over 60 governmental electronic payment services. These include electricity, water, traffic penalties, Ministry of Finance subscriptions, Ministry of Communications’ bills and other government services. Gemalto’s authentication server now provides a robust platform for this on-going digital transformation, and secure it against the increasing threat posed by online fraud attacks.
“With eCommerce and eGovernment services booming in Kuwait, providers and end users alike needed stronger protection,” said Abdulla Al-Ajmi, CEO for KNET. “Gemalto’s solution is backed by unrivaled expertise, and offers the scalability and flexibility necessary to meet our present and future demands, while offering a secure and consistent user-experience across various types of online channels.”
