Bermudian start-up tech firm Trunomi has joined forces with a European firm to tighten up mobile security for data management in financial services.

The company has signed a deal with InAuth, a specialist in advanced device authentication and fraud protection which provides security products on more than 100 million devices worldwide.

The agreement allows financial services companies to achieve all-digital onboarding and customer data management with top security levels and in line with the EU’s general data protection regulation.

Stuart Lacey, CEO and founder of Trunomi, said: “We are making it possible for financial institutions to progress beyond the outdated paper-based customer onboarding and data remediation that remains widespread today by delivering a mobile solution that benefits both the institution and the individual.

“Institutions that empower customers to take charge of their own data will not only be prepared for the new data privacy legislation but also meet growing customer demand for a more personalised, efficient digital account opening solution.”

Lisa Stanton, CEO of InAuth, added: “The Trunomi-InAuth partnership enables a secure end-to-end banking experience beginning with compliant user onboarding and extending through mobile and browser online banking.”