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Secure Transactions News

Gemalto acquires Valimo Wireless

Thursday 11 February 2010

Valimo Wireless is a Finnish company specializing in mobile phone-based strong authentication and digital signatures. Valimo mobilizes digital IDs. Valimo Mobile ID allows mobile phone users to securely authenticate, digitally sign documents, confirm transactions and payments, simply by entering a self-chosen PIN code. Valimo Mobile ID is used in a variety of services throughout the world, including online banking, mobile payments, e/m-commerce applications, governmental services, along with enterprise identity and access management. The two-channel, two-factor authentication method based on Public Key Infrastructure (PKI) produces a legally binding signature regardless of time and place.The company is a RSA Security partner, and has around 40 customers: mobile operators, financial institutions, and government agencies.

Valimo Mobile ID and Mobile Signature offer allows securing all types of transactions on a mobile phone. Valimo delivers all the necessary subparts for a Mobile Signature Service Provider (MSSP), a specific type of Trusted Service Manager.

Valimo has been a Gemalto partner for 5 years. In Turkey, for example, Turkcell, a major mobile operator, with over 30 million subscribers, selected Valimo and Gemalto to deploy the largest mobile digital signature commercial roll-out to date. By linking up with 13 banks, the operator enables its customers to authenticate themselves for online banking and to digitally sign bank transactions from their mobile phone, etc. Connecting the Valimo platform to forward-looking governmental agencies in the country, this mobile operator has also started to provide users with access to e-government services, such as obtaining a birth certificate or booking an appointment at the hospital, offering so to citizens a convenient and cost-effective method for administrative formalities.

In the past, Valimo had also formerly partnered with Giesecke & Devrient and Oberthur (cf. Smart Insights Weekly #09-08 and #07-05) for the agreements covering the implementation of Valimo Mobile Authentication Client (VMAC) on a SIM card.