Client is a Sweden based, midium size, internet security company entering into payment security space with an idea of mobile based multi channel authentication. system

To create a multi channel, multi factor, convenient, mobile app based authentication system for financial institutions and their customers.

Payment transaction space is always innovating to create solutions which are more convenient as well as more secured. The rise of smart phones has introduced another channel of authentication. This inspired concept of a mobile app based payment security system relying on data channel instead of sms channel and at the same time leveraging state of the art proprietory security algorithm to identify mobile application with the owner of the mobile phone.

The system proposes convenience as well as security by employing-

• Android and iOS based multi tenant mobile applications
• Patented encryption algorithm for identifying legitimate payment requests
• 2 factor, 2 channel authentication over web and mobile application
• TOTP based server communication over HTTPS
• Data connection less biometric security as a failover

AugmatrixLab helped client to ideate, conceptualize and develop the system including-

• Consultation for conceptualization and ideation
• Product roadmap, architecture, scalability plan creation
• Mobile based security algorithm creation along with patent documentation
• TOTP based custom encryption algorithm creation
• Tools and technology selection
• System design, development and testing
• Developing multi channel, multi factor authentication and communication channels over cloud platform
• Developing mobile applicaions on iOS and Android platforms with time critical and usability focussed design
• Create and implement product roll out strategy

• Java 7, Spring, Hibernate
• REST, TOTP, HMAC
• Android, iOS
• Oracle

• Shortest time to market achieved by agile product development
• Lowest cost of new features addition and enhancements acquired as a result of scalable and modular architecture implementation
• Minimised the time of code management with comprehensive documentation and industry compliant coding standard implementation
• Achieved high product quality by employing industry best engineering practices and coding standards
• Minimum rework was ensured by lowest defect slipage in UAT, as a result of comprehensive unit and regression testing
• Saved infrastructure cost with help of tools and platforms recommended by AugmatrixLab