Veritran, a leading global Low-Code Platform provider, today announced a technology alliance partnership with Entrust, a leading global provider of trusted identities, payments and data protection. With this partnership, Veritran will offer clients Entrust Identity as a Service and Instant Financial Issuance solutions in concert with the Veritran Enterprise Low-Code Platform, enabling financial institutions to easily develop mobile banking apps that meet consumer expectations for seamless authentication and secure payment options.
Financial institutions across the globe are grappling with a sharp increase in cyber threats, making robust security solutions vital for protecting the identities of consumers, preventing data breaches, and proactively identifying fraudulent transactions. At the same time, consumers expect more instantaneous, convenient experiences from their banks and credit unions. The Veritran and Entrust technology partnership combines the Veritran global expertise in developing mobile banking solutions through their enterprise Low-Code platform which accelerate construction and implementation times exponentially with proven identity and digital security from Entrust. The combined solution helps banks to compete in a digital-first world with a seamless and secure customer authentication and issuance experience.
“Customers expect secure, seamless interactions with their banks more than ever before, and we’re excited to partner with Entrust to ensure that our clients will have the necessary tools to successfully deliver on those expectations,” said Omar Arab, EVP of Corporate Business & Head of Global Alliances at Veritran. “This technology partnership will expand regional access to essential financial technologies such as identity management and issuance solutions, which are cornerstone integrations for our clients and a key facet of their security and customer experience strategies in the digital era.”
“Today’s technology ecosystems are increasingly complex and dynamic, and a technology alliance such as this allows us to enable financial institutions to meet their brand vision with a robust range of digital payment and security solutions,” said James LaPalme, Vice President and General Manager, Identity at Entrust. “With Veritran offering its Low-Code platform with the Entrust identity assurance platform and digital issuance, together we can bring a more integrated and secure approach to financial institutions with the ease of working with one technology provider.”