MANAMA — NGN Worldwide, a programs integrator and IT guide, headquartered in Bahrain, in cooperation with the Airome Applied sciences, a Singapore-based developer, have introduced the launch of a brand new platform referred to as PayConfirm that can assist to verify operations in digital banking and e-document administration programs easily and safe.
PayConfirm platform performs cell transaction authentication signature (mTAS) which isn’t depending on cell operator service and SMS supply time. PayConfirm is a safer platform for cell and on-line banking because it has a really excessive degree of safety from the dangers of cyberattacks, and it’s extra user-friendly because it reduces the transaction affirmation time as much as 3.5 instances compared to different strategies of transaction affirmation resembling SMS one-time passwords or OTP tokens.
Apart from, it gives a possibility to verify transactions in offline mode or with unstable Web connection. The answer is omni-channel, thus, regardless of the place you generate your transaction — in on-line or cell banking, in ATM or doing on-line purchasing — all them could be simply confirmed proper on a cell system.
Yaqoob Al Awadhi, CEO of NGN Worldwide, mentioned that this new platform is available in response to the rising wants of the Bahraini marketplace for safe and dependable cell and on-line banking options, particularly with the growing reliance on cell transactions channels after many companies and business actions resorted to on-line purchasing in mild of the present measures imposed by the coronavirus disaster in Bahrain, the area and the world, including that this launch will even assist Bahrain’s shift in direction of the digital financial system.
“NGN managed to draw Airome Applied sciences, the worldwide developer of cybersecurity options, to launch its digital merchandise in Bahrain based mostly on the State’s superior fee and monetary transaction programs, steady and quick web community, regulatory laws, and nice consciousness amongst customers,” Al Awadhi mentioned.
“We’re persevering with to fulfill our milestones, which incorporates increasing our international presence. Bahrain is on the fringe of turning into a significant hub for finance, expertise and innovation. Banks and monetary establishments contemplate a shift from “conventional” to digital funds proceed to spend money on expertise infrastructure. In consideration of this financial shift ought to be routed to ensure the power of the brand new monetary mode,” mentioned Denis Kalemberg, co-founder and CEO of Airome Applied sciences.
“With an growing demand for monetary companies and cashless funds expertise, we imagine that our PayConfirm answer is crucial, well timed and related to the market. By means of signing a partnership with NGN Worldwide will enable us to focus on a large-customer base with a turnkey product,” Kalemberg added. — SG
