Case Study: Neo Bank achieves PSD2 compliance and secure mobile banking with HID Global

Neo Bank in UK Utilizes HID Global Solutions to Help Launch Services in UK’s New Banking Environment

A UK-based neo bank needed to launch a digital-only service that was fully compliant with PSD2 regulations. The bank faced the challenge of providing state-of-the-art security for transactions while also delivering an improved, confidence-inspiring user experience to attract business customers from traditional banks. They turned to HID Global for a solution to meet these requirements.

HID Global implemented its cloud-based HID Authentication Service and the HID Approve mobile solution. This provided the required strong customer authentication and transaction signing for PSD2 compliance in a cost-effective and easily deployable format. The solution ensured high levels of security and customer trust, featured a bank-branded user experience, and allowed the neo bank to quickly launch its services and take advantage of the new competitive environment.