News:

Assurity Partners V-Key For New Mobile Software Authentication Solution

Assurity Trusted Solutions partners V-Key to roll out a new, cutting-edge authentication solution, marrying security and convenience in one app for mobile users. This marks the first time a mobile software authentication solution is made available under a national framework in Singapore
  
Watch Video
  
Singapore, 14 February 2017 – Assurity Trusted Solutions (Assurity) have inked a collaboration with V-Key, a global leader in digital mobile security and accredited by the Infocomm Media Development Authority (IMDA), to deliver an innovative form of authentication via V-Key’s mobile soft token application called V-Tap.V-Tap will provide a new level of security and convenience for consumers who use commercial online services delivered through Assurity’s National Authentication Framework (NAF). This includes securities trading firms, banks and insurance companies. The mobile soft token will be offered in addition to Assurity’s hardware and SMS authentication solutions.

Users will simply download the new V-Tap enabled OneKey mobile app onto their mobile device and enrol with a registration code.  This effectively binds their identity to their mobile device after which they can authenticate themselves and authorise transactions by means of the soft token.

Charles Fan, Chief Executive Officer of Assurity said: “With cyber threats becoming more sophisticated and the increasing number of people accessing their online accounts via mobile applications, there is a need to outpace these threats and provide end-users with a highly secure and yet convenient authentication option. The launch of this new soft token solution underscores our commitment to constantly seek safe and innovative solutions that cater to consumers’ security and lifestyle needs, such as enabling quick access to multiple online services with the use of a single authentication device.”

The software token from V-Key, also deployed by top banks in Singapore, combines the security of hardware tokens with the convenience of SMS-based One-time Password (OTPs). Unlike SMS-based OTPs however, soft token-based OTPs are able to work offline and do not require mobile network connections, eliminating latency and delivery issues.

V-Tap is built on top of V-OS, V-Key’s pioneering virtual secure element, which equals or betters smart chip security specifications and offers robust protection for the Assurity application including multi-layered protection against advanced threats targeting mobile applications. This means the protocols for verification of the user’s identity are as secure as those for services that require strong authentication such as financial transactions. By deploying V-Key’s solution, which works on both iOS and Android devices, Assurity adds another layer of security for smartphone users who seek to protect all their online transactions on-the-go conveniently, with one application.

Benjamin Mah, Chief Executive Officer of V-Key said: “We are meeting the demands for heightened mobile security in Singapore’s Smart Nation drive. The new authentication solution exemplifies a global standard of convenient security in software, as it will allow users to access online services safely and securely, from any location. This authentication solution enables the end-user to log into e-services almost instantaneously.”

“V-Key’s solutions are heralding a new phase in security by providing a deep security layer around the app itself. With the smartphone rapidly becoming a primary channel for organisations and consumers alike, the need to secure the mobile apps has become more important,” says Edwin Low, Director of Accreditation@IMDA.

Besides being a layer of convenient security, the soft token authentication solution can also be easily migrated to a new mobile device in case of loss, or change of the device. In such circumstances, if a person loses or replaces their phone they should contact their service provider to reactivate the application on their new phone.  Reactivation will deactivate the old application on their previous phone and is a secure yet easy process.  Compared to a hard token limited by its battery life, a soft token app can be upgraded over time and requires next to no maintenance and very little cost.

Assurity will start implementing the new soft token solution by the end of February. The company is in talks with its customers to implement this new authentication solution.

 

About V-Key

V-Key is a global leader in software based digital security. V-Key’s pioneering technology, certified and in use by payment gateways and major banks, is a global reference point for mobile digital authentication, verification and threat protection in software. With V-Key, digital business leaders can continue to improve the online customer experience whilst enhancing security and privacy, using advanced cryptographic software that complies with standards previously reserved for expensive hardware solutions.

We enable businesses to roll out cloud-based payments, trusted authentication for mobile banking, and other secured mobile applications for user access, identity and data protection all without the need to use any form of hardware secure element. We do this with our patented cryptographic solution V-OS, which is the world’s first virtual secure element.

V-Key’s solutions are certified by leading industry bodies including FIPS 140-2 (USA), and Info-communications Media Development Authority of Singapore. V-OS has been the subject of multiple rigorous penetration tests and has been stress tested by e-commerce players, government agencies, regulatory bodies and financial services companies including Ant Financial Services Group.

V-Key was founded in 2011 and is headquartered in Singapore. Visit our website www.v-key.com or follow us on Twitter @vkey_inc for more information.

Other news:
News
V-Key extends IDaaS offerings in APAC with Ingram Micro Cloud Agreement

V-Key launches its V-OS Trusted Identity Services in world’s largest Cloud marketplace, offering Enterprise-grade security to everyone.

V-Key announced an agreement with Ingram Micro Cloud, to roll out its internationally acclaimed V-OS Solution progressively in seven Ingram Micro Cloud Marketplace across Asia Pacific. V-OS Trusted Identity Services refer to the Cloud-based Identity as a Service (IDaaS) offerings for mobile security and Authentication technologies. Until recently, these solution have traditionally been offered as on-premise solutions for large enterprises, and this collaboration hopes to enable SMEs to seamlessly deploy Enterprise-grade security to protect Digital Identity.

News
Crunchfish and V-key enter Marketing and Technical Partnership Agreement to facilitate Offline Wallets

Crunchfish AB (“Crunchfish”) announces today that the company has entered into a Marketing & Technical Partnership Agreement with V-Key Pte Ltd (“V-Key”) regarding identifying and developing joint offerings of each party’s software product in relation to Crunchfish’s patent pending Offline Wallet. 

News
World’s First Virtual Secure Element V-OS obtains Common Criteria EAL3+ on iOS and Android.

V-Key is proud to announce that our V-OS is the world’s first Virtual Secure Element to obtain Common Criteria EAL3+ certification on iOS and Android.​

V-Key announced that V-OS, V-Key’s core patented technology, is the world’s first virtual secure element to receive a Common Criteria Evaluation Assurance Level (EAL) rating of 3+, derived from the U.S. Government’s Protection Profile for General Purpose Operating Systems.

News
TONIK chooses V-Key as the Mobile Security Partner for its Digital Bank in the Philippines

TONIK chooses V-Key’s V-OS App Protection on V-OS Cloud to secure their first pure-play Digital Bank in the Philippines

News
V-Key Collaborates With SGTech and IMDA For COVID-19 Support

COVID-19 has pushed the majority of the world’s workforce to exercise the largest work-from-home movement.

Local deep-tech SME, V-Key, participates in an initiative led by SGTech and jointly with IMDA to provide secure 2FA Cloud authentication solutions.

News
V-Key Business Continuity Plan Commitment

With COVID-19 on the minds of many, we want to take a moment to personally update you on the steps we are taking at V-Key to ensure the continuity of our business and support functions of our customers. 

News
Ingram Micro Honours V-Key as Leading ISV

Following the Ingram Micro Comet Competition ASEAN & HK region where V-Key partook and emerged winner, Ingram Micro honoured V-Key as leading ISV.

 

News
V-Key Technology Partner for Razer Fintech

Razer Fintech’s digital bank will be the first global youth bank, namely, the Razer Youth Bank for youth and millennials. Along with the bid, V-Key was announced as one of Razer Fintech’s technology partner.

News
V-Key awarded GATES Gold Special Award for Innovative Solutions for Vendor

Today as GATES ICT Channel Summit comes to an end, V-Key was crowned GATES Gold Special Award for Innovative Solutions for Vendor by live voting.

News
V-Key – Winner of Ingram Micro Comet Competition ASEAN & HK region 2019

Competing alongside 14 other innovative companies in the competition, V-Key emerged Winner of the Ingram Micro Comet Competition ASEAN & HK region, walking away with $100,000 in GTM funding. Amongst the other runner ups were Arcstone, DataMesh and Taiger.

News
Deputy Prime Minister of Singapore, Mr. Heng Swee Keat Visits V-Key

On 26th July, V-Key had the privilege of hosting the Deputy Prime Minister of Singapore, Mr Heng Swee Keat, and a group of esteemed guests in our Singapore headquarters.

News
The Straits Times and Statista recognises V-Key as Singapore’s 3rd Fastest Growing Company

V-Key, a leading provider of internationally-acclaimed digital security solutions, was named as one of the top 3 firms in the inaugural “Fastest Growing Companies in Singapore” conducted by The Straits Times and Statista.

News
Razer Pay and V-Key announce strategic partnership to boost digital security

Razer Pay and V-Key inked a Memorandum of Understanding (MOU) to foster strategic collaboration over digital identity and e-payments.

News
Paidy selects V-Key to secure its App-based instant post-pay credit service for Japanese Consumers

As Paidy, a Japanese payments company providing instant post-pay credit service expands their payment offerings and merchant touchpoints, they recognized the need for a fast and seamless payment experience. V-Key’s pioneering mobile security technology gives the Paidy team the confidence that they are future-proofing their mobile strategy and ensuring the integrity of their consumers’ data.

News
Joint technologies of LiveBank’s virtual branch and V-Key’s security and biometrics, to hit the banking industry

A partnership agreement just signed between V-Key, with its patented Virtual Secure Element, and Ailleron, the owner of LiveBank, which offers cutting-edge technologies, will bring a new dimension to digital bank onboarding worldwide.

News
The Nilson Report: Software “Chip” to secure mobile payment
News
V-Key Partners with Ant Financial To Secure Mobile Payments

Singapore-based V-Key works with global payments and e-commerce companies, banking and financial institutions and government bodies to protect the personal and financial data of their mobile customers.

News
Singapore takes bold strides in Fintech journey

Boosting collaboration will help build vibrant ecosystem where innovation will drive economy

News
Building a pipeline of talent through Partnerships

Continuous partnerships with institutes of higher learning give V-Key Pte Ltd easy access to talent for future growth

News
V-Key receives Accreditation boost from IDA

Mobile security company V-Key is among the first few innovative tech product companies to receive accreditation from IDA.

 

News
Mobile Security a growing market

Security companies are trying to keep pace with the rapid evolution of mobile devices. Recent incidents of cyber attacks and breaches have raised awareness of the need to enhance security. Industry players have said this presents an opportunity for them to step up and offer solutions.

 

News
What is the key to building a Fort Knox for the Mobile Payment space?

Benjamin Mah, Co-founder and CEO of mobile security startup V-Key, believes that virtualising robust physical security systems is the answer.

 

News
V-Key Mobile Security solutions accredited by Singapore Government

V-Key, pioneer and inventor of mobile Virtual Secure Element has been accredited by the Infocomm Development Authority of Singapore (IDA) under the Accreditation@IDA programme, certifying V-Key’s V-OS Virtual Secure Element and V-Guard Mobile Application Protection solutions.

 

News
ChinaPnR and V-Key Strategic Alliance: Securing more than One million merchants in China

Leading financial payment provider China Payment and Remittance Service Co., Ltd. (“ChinaPnR”) formed a strategic partnership with international pioneer in mobile security and cryptographic technology, V-Key Inc. (“V-Key”).

 

News
V-Key receives US$12M in Series B Funding from Ant Financial Services group investment

Ant Financial Services Group (Ant Financial), operating company of Alipay, and existing investor venture capital firm, IPV Capital, make a USD12 million Series B investment for a minority stake in V-Key.

News
V-Key Inc selected as Innotribe Startup Finalist

V-Key selected as a finalist at the SWIFT Innotribe Startup Challenge Regional Showcase to compete at Sibos 2013 in Dubai.

 

News
V-Key’s executive team expands with addition of cybersecurity veteran Tony Chew as Chief Security Architect

V-Key, a global leader in software-based digital security, today announced the appointment of Tony Chew to the position of Chief Security Architect.  Tony will spearhead V-Key’s engagement with banking regulators and financial institutions in Asia.

 

News
V-Key secures US$4 Million Series A Funding from IPV Capital

V-Key Inc. secures Series A funding of US$4 million from IPV Capital, a leading early growth venture capital fund based in China with global offices in Shanghai, Beijing and Silicon Valley.