SWIFT's 3SKey is a multi-bank personal identity token using digital signatures and strong authentication. It can be used on any banking channel and allows corporates to securely log in to online banking applications and sign financial transactions sent to their banks using a single device. Individual identification for corporates using online banking is a necessity, and this has traditionally been achieved through the use of multiple proprietary signature tools for each different bank. The access control can differ greatly among banks, each using their own tools with varying levels of authentication and workflows. As treasurers often work with a large number of banks, they need to deal with many different authentication methods and passwords to login and authorise orders for online banking transactions. A response to these challenges is SWIFT 3SKey. Deutsche Bank's Global Transaction Banking division is extending the use of SWIFT's 3SKey service to provide a complete single token service for secure customer authentication on its Autobahn App Market, Deutsche Bank's electronic product offering providing direct online access to Bank-wide services in a single location. Read more on Deutsche Bank AG.
December 24, 2015