Encaps technology will be integrated with mTrusts’ Basic Services Platform (BSP), providing financial institutions and other service providers with a comprehensive suite of payment, identity, and authentication services.
By leveraging Encap’s support within the mTrusts ecosystem, financial institutions can offer consumers an authenticating environment that is accessible across various devices—whether it’s a PC, mobile device, or tablet—and through cloud-based solutions.
Consumers can utilize their personal mobile devices and PINs to secure access and sign digitally. This integration brings several benefits for financial institutions, such as in-app authentication, enhancing the adoption of mobile services by overcoming existing barriers, and facilitating seamless connections with back-office and customer relationship management (CRM) systems.
The mTrust BSP platform encompasses a wide range of electronic services, including TrustIdentity (an advanced shared sign-on solution based on Open ID standards), TrustSign (online and mobile document signing for processes like account opening), TrustPay (internet and mobile payments), and TrustBox (secure digital document storage).
Encap replaces traditional hardware-based authentication methods, such as tokens, card readers, SIMs, and SMS, with a mobile client that is linked to a smart device.
