Nok Nok Labs announced that Samsung and PayPal have selected the company’s NNL™ S3 Authentication Suite to enable the new mobile payment system introduced at Mobile World Congress. The next Samsung Galaxy S5 smartphone will enable seamless and secure mobile payments via an integrated Fingerprint Sensor (FPS). The S3 Suite from Nok Nok Labs allows both Samsung and PayPal to provide a simpler, more secure mobile shopping experience, leveraging the emerging FIDO™ standards.The NNL™Multifactor Client (MFAC) Mobile Edition (also called the “NNL FingerPrint Passport”) allows the Galaxy S5 Fingerprint Sensor to connect securely to online services, and will help Samsung enable users to authenticate any FIDO Ready™application with the existing security capabilities of their device. PayPal has deployed the NNL™ Multifactor Authentication Server (MFAS) to provide a unified and flexible authentication infrastructure that communicates securely with the NNL client on the Galaxy S5. Both Nok Nok™ products are FIDO Ready, meaning they have been certified by the FIDO Alliance.
Fiserv financial services technology has made available its “Unified Wealth Management Platform,” integrating all managed account programs onto one account platform. These programs include Separately Managed Account (SMA), Mutual Fund Advisory (MFA), Rep as Portfolio Manager (RPM) and Exchange-traded Funds (ETFs). Adopting this solution enables Fiserv clients to make the investment process more manageable, with ample resources and expertise to offer holistic financial advice to their clients.
Fiserv unveiled its strategy to introduce a true unified managed household (UMH) capability from its “Investment Services” division. The first milestone for the project was achieved in June 2010 when Fiserv acquired AdviceAmerica integrated financial advice solutions while the second is planned for the summer, at which time it will implement a solution to move additional managed account programs”mutual fund advisory (MFA), and exchange-traded (ETF) funds”onto the Unified Managed Account (UMA) platform from Fiserv. Multi-sleeve accounts will continue to work as they do today while traditional SMAs, ETFs, and MFAs will be set up as a sleeve. Also, later this year Fiserv will converge its front-office tools with its middle- and back-office technology to integrate its Financial Advice Solutions, Portfolio Management and Trading Solutions and Performance Reporting Solutions onto the company’s Unified Wealth Management platform to mark the third milestone.