I'm not that familiar with this 2 companies - Meridea and QinetiQ but it looks like they have a killer app on the drawing board that could easily make them millions. Banking transactions on mobile phones have not really taken off in Malaysia but I heard its a fad in Japan.
QinetiQ's heritage as a leading multinational provider of secure solutions to governments, industries and banks, and Meridea's 2FA, provides customers with a unique two factor authentication mechanism for securing electronic transactions, without the requirement for hardware tokens. The solution uses the customer's own mobile phone to provide additional assurance for the security of transactions.
The organisations will work together to implement Meridea 2FA for retail banks, with QinetiQ providing assistance on security strategies, ranging from policy setting through to advice on implementation. The relationship will see QinetiQ (www.qinetiq.com) deliver consultancy and services relating to security, while Meridea implements its unique 2FA product in line with the bank's requirements.
Meridea and QinetiQ provides Strong online security to Banks source
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