OREANDA-NEWS. August 19, 2014. Rietumu introduces a brand- new iPad application – iRietumu HD - that allows full-featured control of your funds with Rietumu Bank. All major banking operations, such as wire-transfers, foreign exchange, account, card, deposit, loan, investment portfolio balances and statements are easily accessible.

The app also has an outstanding feature: a built-in authentication token called DIGIPASS for Mobile.

The usability of the app was very important for us: all daily banking routine operations can now be completed with a few quick taps. For example, you can top-up your card without entering the amount, quickly duplicate previously made payment or approve any orders that are pending approval.

A tablet is often a family device used by several family members and kids love to play with it. Our app supports the installation of multiple DIGIPASS devices as well as an additional layer of PIN-protection to avoid accidental use. The application includes several layers of data protection and complies with modern mobile application security requirements.

“Comfort and ease of use without compromising security is a key differentiator for today’s transactional banking. Here at Rietumu, we strive at making technology invisible to the end user by introducing innovative, rational and reliable solutions that allow our customers to focus on business, rather than on technology. The launch of the iPad app is our step in this direction,” says Jevgenijs Djugajevs, SVP & Board Member for Information Technology.

The ground-breaking feature of the app is built-in DIGIPASS for Mobile. It is implemented with great support from VASCO – a world leader in strong authentication and our reliable supplier of popular DIGIPASS tokens.

Our implementation of DIGIPASS for Mobile is unique in every detail: it is virtual twin of the well-known DIGIPASS 700, which is popular among our customers. It generates one-time passwords for low risk operations as well as electronic signatures that are used to authenticate external transfers. Electronic signature is generated using easy-to-read key parameters of the transfer that eliminates the risk of the MITM attack.

It is also important to note that the implementation of DIGIPASS for Mobile allows off-line use of the token, e.g. for contacting the bank by telephone, fax or traditional internet banking.
 
We are working on the iPhone and Android versions of the app. We expect to make them available to our customers this fall.

Rietumu HD is already available in Apple App Store as free download. You can start using the app with your existing DIGIPASS tokens. To activate DIGIPASS for Mobile, please contact your personal managers for DIGIPASS for Mobile Activation Keys.

About VASCO
VASCO is the world leader in providing two-factor authentication and digital signature solutions to financial institutions. More than half of the Top 100 global banks rely on VASCO solutions to enhance security, protect mobile applications, and meet regulatory requirements. VASCO also secures access to data and applications in the cloud, and provides tools for application developers to easily integrate security functions into their web-based and mobile applications. VASCO enables more than 10,000 customers in 100 countries to secure access, manage identities, verify transactions, and protect assets across financial, enterprise, E-commerce, government and healthcare markets. Learn more about VASCO at vasco.com and on Twitter, LinkedIn and Facebook.