Fabrick teams up with Crédit du Nord to launch Identity Check Mobile solution

By Megha Bhattacharya

Open banking ecosystem Fabrick today announced that it has teamed up with French retail banking group Crédit du Nord in a bid to launch Identity Check Mobile (IDCM) to make biometric authentication available to cardholders for remote transactions. IDCM provides an easy way for users to identify themselves while shopping online. As part of the payment authorisation process, users receive a notification on their phone which asks them to identify themselves using secure biometric data via their mobile phones, comprising fingerprint, face or voice recognition.

Laurence Deschuyteneer, Head of Payments, Crédit du Nord group said, “The growth of e-commerce, which has been accelerated by the pandemic, places the risk of fraud at the center of the concerns for online shoppers. Crédit du Nord responds to this major concern of its private, professional and corporate clients: this application guarantees both strong customer authentication meeting the requirements of regulations on payment services. The app is both an additional anti-fraud system as well as a secure shopping experience.”

According to Fabrick, its IDCM solution has been integrated into a new standalone white-label app configured with Crédit du Nord’s own branding and published on app stores under the name of “Mon e-paiement sécurisé”. The solution also enables banks to integrate the IDCM Software Development Kit (SDK) developed by Fabrick into their existing mobile banking or payment app simplifying the time-to-market of IDCM, while still being able to support the main credit card system providers according to customer needs.

Marco Casartelli, Deputy CEO of Fabrick commented, “Strong customer authentication that harnesses the power of secure biometric data is an increasingly vital part of modern banking, providing the convenient and protected transactions that customers demand. We are proud of our collaboration with Crédit du Nord and this is an opportunity to embark on an innovation journey with them. The partnership confirms our role as a trusted partner for leading banks and fintech companies across European markets. Crédit du Nord is a company that understands the material advantages that technological innovation and open banking bring in terms of delivering their end customers with value-added services such as robust security and easy-to-use authentication.

“Our IDCM solution brings together the integration between the credit card circuit players and banks creating efficient internal processes for our partners and benefits for their customers. Fabrick’s track record in leading innovation is the ideal accompaniment to maintaining a competitive market position.”