Cyberattacks pose significant threats to companies, leading to financial losses and reputational damage. Strengthening security measures is crucial to mitigate these risks. Open Gateway, an initiative by GSMA with Telefónica’s participation, offers solutions to enhance security and streamline processes for financial and insurance services.
Solutions Provided by Open Gateway
Optimizing Applications Open Gateway empowers developers to create innovative applications, accelerating the growth of financial and insurance services. By utilizing standardized telco APIs, developers can ensure compatibility across all networks, enhancing security and simplifying user authentication processes.
Enhancing Security Open Gateway provides anti-fraud services such as Number Verification and SIM Swap to protect users’ digital identities. These services offer robust security measures against cyberattacks and safeguard users’ privacy.
Boosting Business
Improving Customer Satisfaction Open Gateway’s solutions reinforce security, reduce fraud risks, and streamline payment processes, enhancing the overall customer experience. By expanding coverage and offering secure payment methods, companies can enter new markets and build trust with customers.
Facilitating Integration Open Gateway allows easy integration into platforms and systems, incorporating carrier billing as a secure payment method. This integration enhances user experience by simplifying transactions and ensuring security.
Preventing Identity Theft
Validation of User Information The KYC-Match API validates user information by cross-referencing reliable data from financial institutions, minimizing the risk of identity fraud during digital onboarding processes.
Preventing Identity Theft APIs such as SIM Swap, Number Verification, and Device Location help prevent identity theft by detecting suspicious activities and verifying users’ identities and device locations.
