Encap Security introduces Apple Touch ID for financial service apps 

Through the Apple’s public Touch ID API, apps using Encap’s technology can take advantage of Apple’s fingerprint sensor for login and transaction authentication that may include PIN entry and device location.

“Apple developed Touch ID for the convenience factor of unlocking your mobile device quickly, but the feature offers convenience and additional security when expertly layered with other factors of authentication,” Thomas Bostrøm Jørgensen, CEO of Encap Security said in a press release. “Adding Touch ID is another step towards truly proportional security, where the authentication method is appropriate to the transaction taking place. Simply put, a customer checking their account balance shouldn’t require the same security as the same or different customer making a large fund transfer to a new payee. This is how Encap helps financial services providers create a great user experience that doesn’t compromise security.”

The Smarter Authentication platform turns any personal mobile device into a security credential removing the need for cumbersome and costly SMS codes, and hardware such as tokens and SIM cards.