Marlborough, Massachusetts (PRWEB)
October 02, 2017
The Cooperative Credit Union Association is teaming up with Tyfone, Inc., as a preferred partner for digital banking. Tyfone provides CCUA member credit unions the opportunity to go beyond the limits of traditional security solutions by using Tyfone’s omnichannel banking and omnichannel security solutions.
Omnichannel banking has grown from online and mobile parity to the need for a consistent user experience across a much broader range of devices; however, securing transactions sometimes means the user has an inconsistent experience moving from one channel to another.
Tyfone recognizes the need for credit unions to bring a consistent user experience across all channels, and provides next generation digital banking regardless of the device the member uses, whether mobile or online and from tablets to smartwatches, and even smartspeakers.
“Not only have we created a consistent experience for digital banking on all screen sizes from a phone to PC, we are also enabling smartwatches and smartspeakers as digital banking channels. By 2020, over 75% of all US households will have smartspeakers and voice AI assistants. With nearly 40 million of these devices already sold, we can get your members ready for voice banking today,” said Dr. Siva Narendra, CEO of Tyfone.
By eliminating the encumbrance of fragmented security such as complex passwords, one-time passwords and even smartphone biometrics (really a proxy for passwords,) Tyfone’s patented omnichannel security solution brings the highest level of convenience and security regardless of device type. The ability to add risk-based security allows financial institutions to keep up with ever-evolving cyber security regulatory demands and protect the member relationships.
“When it comes to digital banking, members need both convenience and security. We…