Punjab National Bank has partnered with Uniken to integrate its REL ID platform for PNB Verify app. This integration will help PNB ensure a flawless and error-free environment for all transactions made on the app by the users, thereby eliminating the risk of all possible cyber threats. Uniken has been working with other major national banks by offering its unique REL-ID technology.
PNB Verify application by Punjab National Bank provides additional security to authenticate financial and certain non-financial transactions initiated through Internet Banking channel or through Debit Card (e-commerce). Customer shall be able to verify (Accept or Reject) Internet Banking or Card transactions through the PNB Verify app rather than entering One Time Password received on mobile.
Speaking on the partnership, Bimal Gandhi, CEO, Uniken said, “Every new partnership is a testimony to our unique and state-of-the-art solution we provide through our REL-ID platform. But partnering with giants like Punjab National Bank means a lot more than just business proliferation. It keeps us on our foot and motivates us in putting relentless efforts in improving our product and keeping up with the expectations that we have set, and even outdoing ourselves.”
He further added “REL-ID hosts various unique features that will help PNB Verify app be foolproof. We have enabled cryptographic signing that ensures that each transaction is digitally signed and is non-repudiable.”
The integration of REL-ID in the PNB Verify app will result in stronger prevention against Man In The Middle (MITM) attacks owing to its latest ciphers and elliptic curve cryptography. It creates an invisible multifactor authentication mechanism ensuring device trustworthiness and identity verification during app enrollment. In addition, the REL-ID storage provides stronger prevention against credential harvesting and phishing attacks.
Divyang Rastogi, AGM, IT, Punjab National Bank said, “Customer’s satisfaction and their data security is our priority, and we are always willing to go the extra mile to ensure the same. Through the implementation of Uniken’s REL-ID in the PNB Verify app, we have got access to a lot of security features that will help our customers in making their transactions through the app convenient and quick.”
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