CSC Signs ConfidentID™ Contract with UK Challenger Bank
News Release -- December 16, 2015
London 16 December 2015 -- CSC (NYSE: CSC) today announced it has signed a contract with UK start-up bank Atom to provide ConfidentID™, CSC’s mobile user authentication service powered by IdentityX™, to ensure secure mobile and online banking. Terms of the agreement were not disclosed.
ConfidentID™ will be integrated into Atom’s digital banking application, which will be the only channel for accessing the new bank’s products and services, including current accounts, savings accounts, mortgages and loans. Employing high security levels, the software allows organisations to customize the level of authentication based on a transaction’s value and the bank’s risk management strategies.
ConfidentID provides efficient, reliable, identity authentication for mobile, online and other transactions using a combination of passwords, PINs, biometrics and other techniques. It has the capability to eliminate passwords to provide an enhanced customer experience.
Stewart Bromley, COO at Atom, said: “Customer security is non-negotiable for Atom and is of course a critical element of our app. With CSC’s biometric software we will provide a service to customers that is safe and easy to use. The software is widely used in other secure environments such as Border Control, and its integration into our app offers Atom customers the assurance that only they can enter their bank account. This will be a fundamental element of the service Atom provides as we lead the way as an innovative challenger in the UK financial services industry.”
Beau Andersen, UK Industry general manager for CSC Banking & Capital Markets, said: “Ensuring a superior customer experience and high level of security for their customers will be key to Atom as they launch. We are delighted to be at the forefront of their inception in the market and to be enabling a level of security which allows their customers to conduct transactions with confidence through secure authentication which will be a critical component of what they offer.”
CSC (NYSE: CSC) leads clients on their digital transformation journeys. The company provides innovative next-generation technology services and solutions that leverage deep industry expertise, global scale, technology independence and an extensive partner community. CSC serves leading commercial and international public sector organizations throughout the world. CSC is a Fortune 500 company and ranked among the best corporate citizens. For more information, visit us at www.csc.com.
Atom is a start-up bank, not yet launched, but recently authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority (FCA) and the PRA. Founded a year ago and based in the City of Durham, Atom has a growing team of 100 people drawn from across the country, working with partners to bring pioneering technology to Europe. Atom is building the UK’s first bank designed specifically for digital, offering easy and convenient banking, along with unique and engaging ways to manage money. The Atom executive team is highly experienced, having built and run some of the most well-respected banks in the UK. CEO Mark Mullen has 25 years’ experience in the sector and was previously CEO at the multi-award winning telephone and internet bank first direct. The team is supported by a strong non-exec board, which includes founder and Chairman Anthony Thomson, also the founder and former Chairman at Metro Bank. He is Chairman of the Financial Services Forum, the UK’s leading membership organisation for senior FS industry executives and Chairman of the National Skills Academy for Financial Services, a national charity. For more information visit atombank.co.uk.