South Africa’s Nedbank Ltd, is deploying Gemalto‘s Ezio eBanking solution to provide it’s wholesale customers with unmatched online transaction security and superior convenience via a USB key.
The bank will also benefit from Gemalto’s consulting services, device fulfilment to the end users, and remote management token operations.
According to Fred Swanepoel, Chief Information Officer of Nedbank Ltd, “We have implemented and operated Gemalto’s PKI solutions for over ten years, with a very high level of success in providing secure electronic banking solutions,” said . “In an effort to offer best-in-class Wholesale Banking solutions to our business customers, we have deployed Gemalto’s brand new PKI solution, launched as the Plug and Transact TokenTM, to differentiate ourselves from our competitors by offering secure solutions with enhanced client usability as well improved tracking and business information.”
The Ezio Corporate eBanking PKI solution requires no software installation, eliminating costly technical support while guaranteeing high user satisfaction. The user simply connects the USB key to their PC or Mac and the device launches a “safe zone” that permits to securely review, approve and digitally sign all types and amounts of banking transactions within a protected online environment. Ezio also ensures session integrity even if the connection platform is vulnerable. The upgradable, multi-application platform can be remotely managed, enabling the bank to update certificates and deploy new services without the need for new hardware.
“There has always been high demand from Nedbank to pioneer our eBanking solutions, with each trial resulting in a full-scale deployment,” added said Håkan Nordfjell, Senior Vice President e-Banking and e-Commerce at Gemalto. “By outsourcing its entire token management system, Nedbank benefits from significant cost reduction in terms of initial investment and running expenses compared to an in-house solution.”
Nedbank’s solution is built on Gemalto’s field-proven Ezio technology, which is already implemented by over 200 financial institutions worldwide and used by over 100 million banking customers worldwide.