data privacy regulations
By removing the headaches of administration and password management with HYPR, we are modernising banking, without compromising security.
- Tim Coates
Co-Founder and Chief Customer & Regulatory Officer, Oxbury Bank
Oxbury needed to ensure highly secure, seamless authentication for customers accessing its proprietary OxP banking platform. The cutting-edge platform lets farm businesses access innovative banking products and manage their day to day finances, automating and digitizing much of the usual business administration involved in managing farm cashflow. For example, its flagship Oxbury Farm Credit account integrates with accountancy software and other critical services for seamless downloading of invoices to customers’ ledgers.However, the platform’s success and adoption — and Oxbury’s entire business model — depends on delivering a secure, simple digital onboarding and user experience. They wanted their customers to be able to securely access their accounts at any time, from anywhere. They knew that traditional multi-factor authentication would leave security gaps and cause serious friction and usability issues. Another important concern was ensuring compliance with strict UK banking regulations and data privacy laws.