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Established companies from the areas of financial services and technology rely on Nevis

Secure Authentication for Financial Service Providers

Guarantee maximum security

Say goodbye to insecure authentication methods by introducing passwordless logins and automatically meet the requirements of standards such as PSD2, FIDO, eIDAS, GDPR and CAR.

Reduce your costs

Use passwordless logins and avoid unnecessary costs for additional hardware, SMS and helpdesk support.

Optimise the customer experience

Increase the trust and loyalty of your customers by digitalising your customer onboarding and online banking services – and do away with cumbersome password processes.

Fintech companies are changing the banking sector

The fintech market covers the areas of banking, insurance, lending, payment as well as trading & investing. Despite their different characteristics, all these areas share a common goal: serving customer needs individually, quickly and easily.

Digital transformation and next-gen banking

Banks and fintech companies are becoming increasingly similar. Both are faced with the challenge of digitalising their offerings to offer customers the required service. For future generations, digital offerings are a matter of course. Tomorrow’s customers want financial services that are tailored to their personal requirements.

The key challenges for financial service providers

  • Digital transformation requires action
    The financial services sector is in the midst of the digital transformation. With services such as banking, share trading, leasing, factoring and procurement of capital using web and mobile applications, financial service providers are enabling their customers to use banking services anywhere at any time.
  • Competition is growing
    Financial service providers that fail to bring new offerings to market quickly enough will be side-lined. That’s because the competition never sleeps. Most customers already manage their finances online – an area in which many traditional financial service providers still feel unsure. However, there are more and more alternative providers – especially in the online arena – that are courting the favour of customers. At the same time, the latter are becoming ever more demanding and technically adept. This increases the requirements regarding the customer journey in the online business. After all, customers expect the same convenience in their dealings with financial service providers that they enjoy on their private communication channels. However, if they neglect the factory of security, they risk damaging their reputation.
  • High expectations of finance portals
    Finance portals are a challenge for developers: they must accommodate the demands of different groups – private customers, business customers, brokers, analysts, retailers and financial advisers, but also business partners and internal employees – within a uniform security infrastructure. In addition to meeting strict security standards, financial service providers must comply with complex statutory guidelines. Nevertheless, their portal must be as easy as possible to access.

Finance technology as the future of payment transactions

  • Boost your revenue through new, innovative offers. Harness the potential of cross selling and very precise targeting in digital sales.
  • Reduce operating costs through automation and digitalisation.
  • Open banking and APIs are becoming increasingly important. Customers expect to be able to manage their finances online. This is where it is essential to combine user-friendliness and security and to enable a seamless customer journey across all platforms. The balancing act between convenience and privacy is best achieved with reliable multi-factor authentication processes (MFA) that rely on biometric characteristics. Passwords are too inconvenient and do not offer the necessary security against phishing, pharming or trojans.

Nevis – Your Partner for Security and Compliance

Nevis offers you the solution: Your customers receive passwordless and secure access to their accounts so they can manage all their financial affairs in seconds – with total convenience and security.

Guaranteed compliance with the Payment Services Directive 2 (PSD2)

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The revised Payment Services Directive (PSD2) provides for the mandatory use of two-factor authentication in online-banking and for card payments. This increases the requirements for the customer journey in online business. After all, customers expect the same convenience in their dealings with financial institutions that they enjoy on their private communication channels. However, if banks neglect the factory of security, they risk damaging their reputation and losing customers.

GDPR compliance

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Under the terms of the GDPR, banks and the financial sector in general are under an obligation to demonstrably protect personal customer data across all systems used to collect, store and further process this data. The financial companies must provide evidence of this protection. However, despite the existence of regulations and an awareness of these, many financial institutions fail to meet the requirements pertaining to IT security and controlled personal checks (identity and age checks).

GwG- and 5AMLA-compliance

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Anyone in receipt of financial assets from third parties or who helps create or transfer these assets must comply with anti-money laundering legislation.

5AMLD stands for the Fifth Anti-Money Laundering Directive. It is a European Union directive that was adopted on 30 May 2018 and entered into force on 10 January 2020. The aim of 5AMLD is to strengthen the EU's legal framework for preventing money laundering and terrorist financing.

The German Money Laundering Act (GwG) defines the companies and individuals to which it applies as ‘financial intermediaries’ (art. 2 par. 1 GwG). According to art. 2 par. 3 GwG, financial intermediaries are persons who accept or keep third-party financial assets in a professional capacity or help to create or transfer these.

The general legal data protection provisions of § 20 BDSG are applicable along with the special regulations of §§ 37 and 38 GwG. Personal data that is automatically processed must be blocked if the data subject disputes the accuracy of this data and neither accuracy nor inaccuracy can be established (§ 20 par. 4 German Federal Data Protection Act).

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Nevis has been protecting digital portals for 20 years.

What the digital customer expects

Simple logins and maximum security

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Customer expectations from the financial sector are clear: Personal data, account data and transactions must be protected by the strictest security standards; login processes and operating functions must be user-friendly and smart.

Passwordless login

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People are no longer willing to remember complicated passwords. Customers expect passwordless website logins from either desktop or mobile browsers.

Access to services – always and everywhere

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People nowadays have greater technical affinity. They have become used to using their mobile devices to complete their day-to-day banking transactions or shopping. Your customers expect simple and straightforward access to their financial data and an online experience that is as seamless as possible, especially via their mobile apps.

Excelling customer experience

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An optimised customer experience must be guaranteed wherever and whenever your customers access digital services. This builds trust and strengthens customer loyalty. User-friendliness must be the focus and must cover different customer needs.

Intuitive points of contact

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Conventional authentication methods are often laborious, costly, inconvenient and no longer sufficient to protect sensitive data effectively against security breaches.

Do not risk your security at the expense of convenience. An interruption in the intuitive customer journey leads to a negative customer experience.

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Nevis Solutions for Secure Core Banking

Discover the importance of Customer Identity and Access Management (CIAM) and multi-layered, state-of-the-art authentication methods for Temenos core banking solutions.

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«86% agreed that traditional payment transaction providers will cooperate with fintechs and technology providers as their most important innovation sources.»
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Strong Solution for Strong Partners

As part of the security infrastructure for banking customers, Nevis also supports Quilvest (Schweiz) AG in the area of authentication. Read the customer report to learn how the customers of this respected finance company profit from this.

Read the Quilvest story
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Making security an experience

Best-in-class companies and banks have oriented their organisation towards personalised digital user and customer experiences. Nevis helps you offer an exceptional customer experience that is more focused on people and appeals to them with relevant content.

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How Nevis supports financial service providers

A user-friendly and secure online portal

Nevis is the beating heart of the security infrastructure of a finance portal. The Nevis architecture offers building blocks for all aspects of a modern e-banking solution:

  • Efficient management of customer accounts thanks to comprehensive self-service options
  • Nevis ensures that a login process, access to an application or a business process can be assigned to one specific person
  • Nevis provides flexible support for multiple authentication tools and authentication strengths
  • The combination of biometric identification and strong cryptography based on the FIDO standard allows simple and secure authentication for the user
  • The best possible security infrastructure is provided quickly and automatically
Streamlined secure digital access

Customers, advisers and partners enjoy passwordless and secure access to the required information and accounts and make more use of the services on offer:

  • They can log into the finance portal in seconds
  • They can easily retrieve account balances
  • They make secure payments or transactions
  • Additional transaction signing secures sensitive procedures
Set yourself apart with digital security

Nevis supports both browser-based as well as app-based login processes. As a result, customers experience the same convenience with maximum security on all devices. How companies profit from Nevis: The additional services can be incorporated quickly, operated efficiently and streamline the processes – they also comply with all governance regulations. This significantly reduces the time to market for digital offerings.

  • With Nevis, financial service providers receive an agile security infrastructure and can accelerate the expansion of their digital offerings
  • Following one-time activation, a fingerprint is all that’s required for the customer to log in securely
  • The account can be used securely without a password anywhere at any time

Nevis Products for Financial Service Providers