TWO FACTOR AUTHENTICATION SOLUTION FOR INTERNET BANKING
a premier Indian Public Sector Bank intends to implement Two Factor Authentication for Internet Banking in the Bank to enhance the online transaction security. The bank has an Internet Banking solution for Retail and Corporate customers. The proposed solution should provide end to end Two Factor Authentication solution. The solution proposed, that meets the requirement of this RFP, should be scalable, robust, and shall have capability to interface with bank's existing solutions.
Requirements in brief:
Implementation of Two Factor Authentication Solution for Internet Banking of the bank to enable Mobile (SMS) based OTP (one time password) for its retail and corporate customers.
SMS based authentication - When the customer wants to register a payee, an SMS containing the OTP should be sent to the mobile of the customer, which he will key in the application. This OTP has to be validated and customer should be allowed to proceed further with his registration of the payee and once over an SMS should be sent again to the customer that the payee registration is successful. Similarly when the customer does a funds transfer the above SMS based process authentication and information to the customer should happen.
The SMS should be sent to customer within 15 seconds
The solution should support Digital certificate based authentication in case Bank wants to go for such authentication at a later date for its Corporate customers with digital certificates (Solution should support issuing of PKI based digital certificates/ obtained from any Certificate Authority in India )
The proposed solution should be integrated with banks existing internet Banking software ( Flexcube software). Bidders who have already integrated their solution with Flexcube will be preferred. If not integrated , Bidder should undertake to integrate their solution with Flexcube within four weeks time from the date of acceptance of Purchase order.
The proposed solution should be integrated with the banks existing SMS gateway server for sending SMS.
