Ping Identity and ProofID Unite to Simplify Identity Security for Tesco Bank
Ping Identity Holding Corp. (PING)
Last ping identity holding corp. earnings: 3/4 04:10 pm
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Source: Business Wire
Ping Identity’s flexible solutions improve customer experience and help achieve compliance DENVER--(BUSINESS WIRE)--Ping Identity (NYSE: PING), the Intelligent Identity solution for the enterprise, has partnered with ProofID to successfully simplify identity security for Tesco Bank, the banking division of the UK’s largest supermarket retailer, to enable a more secure and customer-centric banking experience.Since its formation in 1997, the more than five million customer identities managed by Tesco Bank had become siloed across its products and services, adding unwanted friction to the customer experience. The bank also needed to meet robust compliance requirements to adhere to the revised Payment Services Directive (PSD2), a European electronic services regulation requiring strong customer authentication. These needs were hindered by an inflexible security posture that was adding cost and time to the launch of new applications and features.“We needed a customer security platform t
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