Two-Factor Authentication App for FUNDSTORE

Fundstore.it is Italy's best-supplied online marketplace for Mutual Investment Funds and Sicavs: the only one that allows you to operate directly from your account in total autonomy.

With Banca Ifigest as authorized placement agent, Fundstore can count on more than 150 management companies, both Italian and foreign, who use it as a showcase for more than 7,000 products.


The SYSDAT.IT project

From the creation of a web platform to online buying and selling of investment funds, to now with the 'App for dedicated authentication.


The need arose from the implementation of the new European Payment Systems Directive (PSD2) for dual authentication and open banking.


The development of the new Fundstore App was born with the aim of introducing a two-factor authentication mechanism to authorize login and transaction provisions on the Fundstore website, in line with current security standards, either by Fingerprint/FaceID or by 6-digit numeric pin (in case biometric inputs were disabled or not present).

 

The association between the user and the unique device identifier, which is essential to deliver the push notification, occurs during the registration phase, where in the first instance the user is identified by entering a username and password. In the second instance, a message containing a 6-digit OTP code is delivered to the email address associated with the user in order to ensure the identity of the operator who is registering the user.


“We have made access to and use of our portal protected according to the latest security standards dictated by the PSD2 directive, leveraging the innovative technologies now available on almost all devices, such as Fingerprint and Face ID, which make use highly smart, immediate and intuitive without having to remember passwords, credentials and accounts in general anymore.”

Simone Calamai

Fundstore CEO 

Once the OTP code has been entered, the 6-digit secret pin is entered, which will be used whenever it is necessary to authenticate a login or operation arrangement, in the event that biometric recognitions are disabled, not working, or not present on the device.

It is possible to register N users associated with the customer on the same device.


APP Features

  • Two-factor authentication
  • Intuitive and smart graphical interface
  • Latest security standards in use
  • Ability to enable two-factor authentication for all reports associated with the account
  • Live Help Center

"Thanks to the support of SYSDAT.IT the identification of the Google Flutter development platform was achieved, which allows the implementation of Apps regardless of the underlying technological system (Android / iOS) making the implementation fast and also optimizing the subsequent maintenance.

The project fully met the planned schedule dictated also by the regulatory constraints of availability of the new authentication technology.” 

Simone Calamai

Amministratore Delegato di Fundstore


The app was developed with the opensource framework “Google Flutter,” which allows the creation of hybrid Native Android and Apple apps (a single project written in the Dart language, and exported natively to Java (Android) and Swift (Apple). The app is designed to be enjoyed on both smartphones and tablets.

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