Schalk Nolte

  • Current company Entersekt
  • Location South Africa
  • Industry Enterprise Software & Services

Entersekt’s software converts most mobile devices into a second layer authentication tool, creating a powerful weapon in the fight against financial fraud. Most financial institutions today utilize a one-time password (OTP) authentication method, which doesn’t guarantee transaction security from phishing or man-in-the-middle attacks. Entersekt is the first company in the world to provide transaction authentication on mobile phones using certificate technology far beyond the native mobile encryption capabilities – this allows banks to verify transactions in real-time with their customers. Operating in the US$2 trillion payment authentication market, Entersekt has 16 patents and has completed over 400 million transactions without a single instance of fraud. Certified by Visa, MasterCard, and American Express, Entersekt aims to cover 100% of the South African market by 2017.

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