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News

Major Austrian Bank takes cash management security aid from Kobil

Kobil Systems : 15 January, 2010  (Application Story)
mIDentity USB device from Kobil will assist Raiffeisen Zentralbank of Austria in secure authentication for cash management transactions
With the Austrian Raiffeisen Zentralbank (RZB), yet another major international bank chooses to implement Kobil's mIDentity solution. Austria's third largest bank will be offering the USB device for secure and mobile cash management to its nationally and internationally operating corporate customers as well as to financial institutions by the first quarter of 2010. With mIDentity, RZB's self-imposed high security requirements will even be exceeded.

In the area of cash management, RZB's mIDentity serves both as authorization as well as authentication tool. "Besides its comprehensive functions, the five year functional guarantee convinced us", says Markus Schauer, Head of Product Management at Raiffeisen Zentralbank. "Thanks to Kobil's solution, we can offer a real surplus value to our national and international customers when engaging in their banking activities. Lists of transaction numbers and complex PIN management are things of the past - saving our users time and money."

"We value the cooperation with RZB very much as we have gained an internationally operating company with very good standing to be our partner", says Ismet Koyun, CEO of Kobil Systems. With a balance sheet total of € 155.9 bn by 30 June 2009, the Raiffeisen Zentralbank, which was founded in 1927 and is based in Vienna, Austria, is one of the leading commercial and investment banks as well as the third largest bank in Austria. The RZB is the top institute of the Austrian Raiffeisen bank group (RBG) and the core company of the RZB group. The bank considers Austria as well as Central and Eastern Europe its home market where it is one of the top players. RZB is represented by branch offices and agencies in a wide range of international financial centres as well as in the emerging markets of Asia.

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