Financial services & insurances
More secure banking transactions
Daycoval is one of the best-known financial institutions in Brazil, with assets totalling over 13 billion dollars. Thanks to Open Gateway, it’s teamed up with Vivo, Telefónica’s carrier in Brazil, to explore the benefits that telco APIs can bring by enhancing the user experience in its digital services, such as increasing the security of its users’ banking transactions. By integrating the Device Status API it’s possible to ask the network to verify the location of a user’s SIM card and detect whether he/she is in roaming status. This information provides Daycoval with greater control over risks and increases its customers’ peace of mind.
The solution permits Daycoval to reinforce fraud prevention in its banking products by requesting the location of a user’s SIM card, once the customer’s prior consent has been received.