Monitise : Isbank launches Touch ID for Monitise-powered mobile banking app ‘IsCep’

September 29, 2014: İşbank, Turkey's largest private bank, and Monitise (LSE: MONI), have integrated Apple's Touch ID fingerprint authentication into İşCep, İşbank's mobile banking application. The new functionality removes the need to type in a PIN, enabling a quick and easy login without compromising security. This is the first time Touch ID has been used in Turkish mobile banking.

Touch ID authentication for İşCep is available on iOS 8 for Touch ID-enabled phones (iPhone 5S and subsequent models). This feature means that users simply swipe their fingerprint to log in - which is verified by comparing it to the fingerprint stored securely on the device - instead of typing in their PIN.    

Mobile Money leader Monitise designed and developed İşCep, which has over 1.2 million users - thousands of which use iPhones compatible with Touch ID authentication. It has been listed among the best new apps in the App Store.

Hakan Aran, CIO of İşbank, said of the launch: "We're very proud to be the first bank in Turkey to introduce this new technology to mobile banking. It speaks to the importance of innovation and the potential it has to revolutionise the banking experience, and is a key part of our wider programme to use technology to deliver more for our customers. I'd also like to thank Monitise and İşBank's technology subsidiary SoftTech for their support in launching Touch ID for İşCep."  

Peter Radcliffe, Monitise President EMEA & Asia Pacific, added: "Today's consumer values a secure and seamless mobile banking experience - with the launch of Touch ID technology for İşCep, we're getting a glimpse into a future where accessing your money is a completely frictionless process. We're delighted to have achieved this as part of our long-standing partnership with İşBank."  

About İşbank

Türkiye İş Bankası (İşbank) is today the largest bank of the country in terms of shareholders' equity and total loans and the largest private bank in terms of total assets and total deposits. As of the first half of 2014, İşbank's shareholders' equity stands at TRY 25.9 billion, total assets stand at TRY 219.6 billion and total loans at TRY 138.8 billion. İşbank has the largest network among Turkish private banks with its 1,349 domestic and foreign branches and over 6,000 ATMs that make up the largest ATM network in Turkey, internet banking, telephone banking and call center İşbank.

About Monitise

Monitise (LSE: MONI) is a world leader in Mobile Money - banking, paying and buying with a mobile device. Leading banks, payments companies, retailers and mobile networks utilise Monitise's technology platforms and services to securely connect people with their money.

More than 30 million users have registered for Monitise's patented technology to 'bank anywhere', 'pay anyone' and 'buy anything', accounting for $88bn of payments, purchases and transfers annually. Additionally, apps designed by the Group's Monitise Create and MEA divisions have been downloaded 30 million times.www.monitise.com.