Gemalto says that it has inked a deal to incorporate its Mobile Financial Services on Texas Instruments' OMAP platform and M-Shield security technology for mobile devices. Applications can be secured with strong two-factor authentication - verifying the user and the phone - which requires the user to enter securely a personal identification number (PIN) prior to gaining access to financial services applications.
"Gemalto's Mobile Financial Services applications are currently used by millions of people around the globe," stated Philippe Vallée, Executive Vice President, Telecommunications Business Unit, Gemalto. "This partnership with an industry leader like TI to place secure software within an OMAP platform provides the end customer of our combined offering the ability to enjoy the convenience of banking from their mobile device while resting assured that the application they are using is secure."
"This integration brings together the domain expertise of companies with a long history of serving the banking, telecommunications and mobile industry," added Dominique Bolignano, President of Trusted Logic. "This combined effort enables to now demonstrate a complete and immediately operational solution for m-banking, with a strong level of integration and end-to-end security."
Gemalto acquired Trusted Logic in September 2009.
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