Digitization in the banking environment

From loser to pioneer of digitisation

Ergon Informatik AG was represented at Lucerne University through a lecture that explored the new challenges faced by companies in the course of digitisation. Using the banking environment as an example, it was shown how an industry that was seen as a loser in digitisation was able to show up all critics and, thanks to a clever adaptation, turned into a winner.

New directives such as PSD2 now require banks to open up and call for the introduction of API programming interfaces and API platforms for FinTechs. Due to these developments, it’s no longer sufficient to have the security concept of a fortress which has a single entrance and is tightly closed all around. That may be very secure, but it slows down all processes and significantly impairs the customer experience. Particularly when using digital content, costumers can be scared off by too many security mechanisms and hurdles.

The new principle must consist of automated, flexible and policy-oriented IT security so as not to miss the advantages of digitisation, including speed and simplicity. A centralised solution, which brings all the relevant security components from a single source in a coordinated manner, is particularly suitable here. The Airlock Secure Access Hub serves as a good example as it bundles the web application firewall (WAF), identity and access management (cIAM), and API gateway and can thus function as a complete solution which is ready to use and easy to install

You can see the whole lecture by Ergon Informatik AG at Lucerne University here as a Video.

Further information on Airlock's IT security solutions for banks can be found here:

IT-security for banking

Blognews directly to your inbox

The Airlock Newsletter informs you continuously about new blog articles.

Subscribe blognews

Comments 0

More interesting articles

5 security challenges in an open banking ecosystem

5 security challenges in an open banking ecosystem

Securing the Payment Services Directive 2 (PSD2)

Securing the Payment Services Directive 2 (PSD2)

Protect APIs & Reduce Security Risks

Protect APIs & Reduce Security Risks

Information for you

-Our whitepapers-

Zero Trust is a journey

The digital transformation of the world continues to progress, and it is profoundly affecting private life and job profiles in a manner that was hard to imagine just a few years ago.

This whitepaper covers the effects of continuous digitization and its implications.

Request free of charge

Toward DevSecOps

In this whitepaper, you will learn the most important insights into how you can successfully and efficiently implement DevSecOps, which security components are required for this, and what benefits a microgateway architecture brings.

Request free of charge

Airlock 2FA - Strong Authentication. Easy.

The two-factor authentication in the area of IT security offers double the security.

Find out more about strong authentication and the possibilities that Airlock offers in our whitepaper.

Request free of charge

Further whitepapers

We provide whitepapers on these and other topics free of charge:

  • successful IAM projects
  • Compliance
  • Data protection (GDPR)
  • Introduction of PSD2
  • PCI DSS requirements
Request free of charge