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Product Updates, Market Insights and company news

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Decentralized Identity 101: What Banks Need to Know

Decentralized identity marks a significant shift in the ways that both businesses and individuals handle personal data and identity verification.

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2024 Product Updates: Keep Fraudsters Out of the Game With Proximity-Based Authentication

Our new set of features has been specifically designed to safeguard against the array of attacks that are actively causing financial harm to both banks and their customers.

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2023 Product Release Notes: Mobile Token and PowerAuth

In the ever-evolving landscape of digital authentication, Wultra is proud to announce a series of updates and improvements to our mobile-first authentication, specifically for our mobile-first authentication solutions that we’ve made during 2023. The new features that we’ve rolled out in both of these products are designed to deliver an increasingly seamless, easy-to-deploy authentication experience to our clients and their customers.

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Wultra to Provide Authentication to Global Payments Europe

Prague, 4/12/2023 — Wultra, a provider of modern authentication solutions to banks and fintech companies, is delighted to announce a strategic partnership with Global Payments Europe (GPE). This collaboration marks a significant step in enhancing today’s security and payment offerings within the financial sector, particularly in the Czech, Slovak, German, and Hungarian markets.

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Wultra Embarks on a Journey of Growth, Increasing Monthly Recurring Revenue by 75% in 2023

[PRAGUE, 27/11/2023] — Wultra, a provider of modern authentication solutions to banks and fintech companies, has achieved significant growth and transformation in 2023. With its current strategy, Wultra remains steadfast in its commitment to deliver cutting-edge mobile authentication solutions, expand its global presence, and foster genuine customer satisfaction in the financial services landscape.

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How to Protect Mobile Banking from Remote Access Tools

For banks and fintech companies with questions about protecting the finances of customers who use remote access tools on their mobile devices, we have answers.

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The Top 5 Emerging Trends in Banking Authentication

Learn which authentication trends will shape how people onboard to financial services, access digital banking, and approve payments.

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How Can Canadian Banks Achieve Compliance with Guideline B-13?

In the current state of financial fraud and authentication in Canada, Guideline B-13 is set to be the regulatory framework that helps bolster the security of Canadian banks and financial institutions.

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Big Tech Has Embraced Passkeys — Here’s Why Banks Should Follow Suit

Some of today’s tech giants have already made the move toward implementing authentication via passkeys. Here’s why banks and fintech companies should do the same — plus, how Wultra’s solutions can help.

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PSD3 is Coming — Is Your Business Ready?

A first look at the European Commission’s newest proposal, which has consumer rights and secure digital payments at its core.

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FIDO2: Associated Standards Overview

Breaking down the roles and functions of FIDO2’s associated specifications.

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PSD2: Revisions to SCA Requirements Have Arrived

Revisions to the Regulatory Technical Standards of PSD2 have come into effect in July 2023 — here’s what they mean for both payment service providers and customers.

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Passkeys: The Easiest Path To Passwordless Authentication

Here’s why passkeys are today’s most secure authentication option.

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How Does iProov and Wultra's Joint Solution Deliver Secure Digital Onboarding?

In response to the adoption of digital banking and an increase in generative AI-based attacks, iProov and Wultra have created a secure digital onboarding solution to meet the needs of modern banks and financial services providers.

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3 Reasons Why Banks Should Have the EU Digital Identity Wallet on Their Radar

Here’s how Wultra can help your business get ready for what's coming.

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How Will the EU Digital Identity Wallet Transform Customer Onboarding?

The EU Digital Identity Wallet has the potential to revolutionize the way customers verify their identity, reactivate accounts, sign documents, and more.

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Here’s How Countries Preparing to Join the EU Can Get Ready for PSD2

Looking to swiftly move your bank towards European banking standards? Wultra is here to help.

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PSD2: Final Registration Requirements for Service Payment Providers

This article marks the final instalment of our Strong Customer Authentication overview series. Today, we’ll go over details related to APIs for payment service providers looking to meet SCA requirements.

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It’s Time to Rethink Mobile Onboarding

To genuinely become mobile-first, it’s time for banks to rethink their mobile onboarding process. Here’s how Wultra can help.

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MoroSystems Has Joined Wultra as a Solution Partner

Learn more about our new partner as well as the goals we’ve set for our future work together.

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Using SMS OTP as 2-Factor Authentication in Banking and Financial Apps

Authentication via SMS-OTP is considered outdated because of higher overall costs, low user convenience, and insufficient regulatory compliance in specific geographic regions, but primarily for practical security reasons.

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PSD2: When Is Strong Customer Authentication Not Required?

Payment scenarios exempt from SCA requirements are generally determined by a transaction’s amount, recurrence, and the channel used to carry out the payment. Let’s take a more detailed look at each of these exemptions and their real-world applications.

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mojeID Digital Identification Has Launched Throughout the EU

mojeID has recently been certified for EU-wide use, which means that it’s now possible for users to access e-government services throughout Europe.

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PSD2: Defining the Requirements of SCA Elements: Knowledge, Possession, and Inherence

Authentication elements are either categorized as knowledge, possession, or inherence. How are these categories defined ⁠— and what does each of them require?

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PSD2: The A-Z of Dynamic Linking in Online Transactions

The latest installment of our series focused on Strong Customer Authentication (SCA) explores the aspect of dynamic linking. How is this component vital to providing secure online transactions?

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PSD2: The Role of Authentication Codes in Strong Customer Authentication

In a continuation of our article series on Strong Customer Authentication (SCA), we’ll be examining the requirements for generating a core component of SCA requirements: authentication codes.

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PSD2: How Strong Customer Authentication Is Reshaping Digital Payments

The introduction and implementation of SCA has made it clear that certain authentication factors no longer cut it in terms of security. Here’s how your business can benefit from embracing SCA requirements.

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Combating Modern Financial Fraud and Mobile Cyber-Crime

Let’s take a moment to think about each of the services that we, as consumers, carry out using a variety of mobile applications. Whether we’re purchasing something online or managing our personal finances, we turn to digital solutions that we access on our mobile devices. The adoption of mobile services isn’t going away anytime soon — in fact, it’s growing at a steady rate. Mobile devices (and the apps on them) have become a central part of our lives, and that’s a fact.

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How Can Banks Achieve All-Around Mobile Banking Security?

Mobile banking security can be complex. There are a number of important components to consider, and it’s necessary for banks looking to achieve all-around security for their mobile banking applications to implement several important layers.

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Facial Authentication 101: Here’s What You Should Know

We recently told you about a handful of current threats facing mobile banking users. In that post, we mentioned multi accounting, which is the act of purposefully creating multiple accounts in order to abuse a system. Multi accounting attacks on banking steal victims’ credentials and attackers pair victim’s accounts to mobile banking on their devices. A surefire way to protect against this type of attack is to implement a more thorough identity verification using a personal ID scan and server-side face biometrics.

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What to Know About Passwordless Authentication in 2022

For many people, the concept of passwordless authentication can be difficult to wrap their head around. How is it that one safely logs in to and interacts with sensitive services without using a password, you may wonder?

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Wultra Obtained Investment From J&T Ventures

Wultra, founded three years ago by Petr Dvořák, protects the Internet and mobile applications of leading banks and FinTech. The company prepares for rapid international expansion and secures tens of millions of Czech crowns in the investment round led by J&T Ventures.

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Mobile Token Is Now Available on Microsoft Azure Marketplace

We are thrilled to announce that our Mobile Token solution is now available on Microsoft Azure Marketplace. Thanks to this offer and simplified integration APIs, financial organizations worldwide can now deploy our industry-leading passwordless authentication in a significantly shorter time.

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Huawei AppGallery: Security Considerations For Releasing Mobile Banking Apps

Huawei, a global provider of ICT infrastructure and smart devices, has been in a negative spotlight lately. Many national security agencies have flagged this company as a potential security risk, with some countries imposing sanctions to impede Huawei’s operations. Banks are considered critical infrastructure in most states. As a result, they need to evaluate their approach to Huawei, especially in the context of smartphones and portable devices their customers use to access digital banking. At the same time, they cannot merely ignore Huawei because it is currently the biggest smartphone vendor with a global smartphone market share of approximately 20%.

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Finshape Strengthens Partnership with Wultra, a Leader in Digital Banking Security

Finshape and Wultra strengthen its technology partnership to accelerate the synergies and further business expansion. Wultra’s innovative security components are a great asset for Finshape's products, with Mobile Token now being fully integrated into Digital Bank OS and easily available to all clients with Finshape's banking platform.