MIAMI, May 31, 2019 /PRNewswire/ -- Unisys
Corporation (NYSE: UIS) today announced it will present at
Fintech Americas 2019 to discuss the opportunities that embedded
banking presents for the financial services industry, including
ways that banks can integrate banking, loan and payment functions
into popular consumer applications. By removing friction from
traditional processes in this way, financial institutions will be
able to deliver a seamless customer experience, while advances in
identity management can ensure they establish a strong security
posture amid the rapid pace of transformation.
Maria Allen, vice president and
global head of Financial Services, Unisys, will be featured as part
of a panel discussion along with David
Estevez, CIO of Grupo Petersen and Daniel Kennedy, vice president of digital
banking for Scotiabank to discuss how the digital transformation of
financial institutions is changing the experience and expectations
of customers, and how advances like open banking have opened the
door to many services that a bank might not have been able to
previously offer. The discussion will also tackle the cybersecurity
risks posed by the changes and the important role of a Zero Trust
model for future success.
"The rapid pace of change facing the banking industry today is
disrupting the bank's traditional 'grip' on the consumer," said
Allen. "Today's consumers have many options, but advances like
embedded banking enable digital banking services to be delivered in
real time, when and where the customer needs it. It's about
removing friction from traditional banking processes – enabling
people to conduct transactions from any device, at any time – to
provide a better customer experience."
The discussion will also center on the need for banks
to be aware of the cybersecurity risks they face as they adopt new
technologies like voice-based artificial intelligence and take
proactive steps to establish a Zero Trust approach to security to
ensure the protection of systems, data, and customers, since
perimeter defenses are no longer sufficient to respond to
today's threats.
"Zero Trust is a hot topic today. Like many new terms, it can
mean different things to different companies. At Unisys, we believe
a Zero Trust approach is founded upon the idea that no user or
device – inside or outside the private network – should be trusted
and organizations should grant as little access as possible upon
reliable identification," said Allen. "A 'trusted identity'
approach is necessary because interconnectivity with partners,
vendors and customers means that sensitive data must be protected
across multiple touchpoints. Fortunately, advancements like
multimodal biometric authentication, including things like voice
recognition and iris scan, and behavioral biometrics
like typing speed can be deployed to verify user identity
across channels."
By leveraging identity-driven access technology, banks and
financial institutions can realize a Zero Trust security model to
counter the systemic risks that embedded banking introduces.
Connections with vendors and partners can then be made with
confidence, and the full benefits of open banking can be
realized.
Unisys helps financial institutions achieve digitalization with
Elevate™, an end-to-end, digital banking software platform and
suite of applications designed to help them deliver an instantly
secure, omnichannel banking experience to their customers.
Elevate is secured with Unisys Stealth®, which features
dynamic isolation™ capabilities to quickly isolate devices or users
at the first sign of compromise. Stealth™ reduces attack
surfaces through identity-based microsegmentation, allowing banks
to microsegment and conceal critical assets and establish encrypted
channels for secure user, application and system communication.
More than 450 financial institutions worldwide rely on Unisys
solutions. For more information on Unisys' financial services
capabilities, please click here.
About Unisys
Unisys is a global information technology
company that builds high-performance, security-centric solutions
for the most demanding businesses and governments on Earth. Unisys
offerings include security software and services; digital
transformation and workplace services; industry applications and
services; and innovative software operating environments for
high-intensity enterprise computing. For more information on how
Unisys builds better outcomes securely for its clients across the
Government, Financial Services and Commercial markets, visit
www.unisys.com.
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RELEASE NO.: 0531/9682
Unisys and other Unisys products and services mentioned herein,
as well as their respective logos, are trademarks or registered
trademarks of Unisys Corporation. Any other brand or product
referenced herein is acknowledged to be a trademark or registered
trademark of its respective holder.
UIS-C
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SOURCE Unisys Corporation