OPTIM SOFT TOKEN vs SMBC Digital

OPTIM Soft Token offers a new strong authentication mean (including Signature) using a mobile device instead of DIGIPASS or Certificate. OPTIM Soft Token is a software version of the physical DIGIPASS (by Vasco) authentication tools already used for connexion and signature on CA-CIB Web Portals (OPTIM Trade and OPTIM.net https://www.optimnet.ca-cib.com). OPTIM Soft Token application has been integrated to MyOptim.net application (already online) OPTIM Soft Token can also be used for the authentication and the signature of transactions in OPTIM.net portal, MyOPTIM.net & OPTIM Trade portal.

As part of SMBC Group’s commitment to online security and recent changes instigated as part of a European Regulatory requirement, known as the “Payment Service Directive 2 (“PSD2”) we have introduced the “SMBC Digital app. The app provides significantly enhanced security features when compared with the traditional OTP generating token and delivers an improved login experience through secure authentication. Further, the app allows for the “Dynamic Linking” of payments by letting approval users validate and digitally sign payment details “out of band”, thus providing enhanced protection against fraud. When you approve E-payments, the contents are sent to the SMBC Digital App for signing by the scanning of a “Cronto Image” that contains details of the payments you have selected for approval. By scanning this “Cronto Image” into your SMBC Digital App, it can display the payment information and will allow you to sign them by inputting a response generated by the mobile app. This means when the Bank receives payment orders, the systems can verify that they are genuine. The App only reads the data already available to you at the time of authorisation, this data is never stored on the phone or is viewable other than when you access the app at the point of authorisation. No transaction history is ever available on the mobile device.