For Banks and service providers
With 3SKey, financial institutions can offer interoperability with other banks while maintaining control of the user identity registration process. 3SKey tokens contain a unique, anonymous identifier that each bank independently registers and assigns to their customers. In doing so, banks follow their existing KYC processes, and are not dependent on other banks or registration authorities.
Enhanced customer satisfaction
3SKey distinguishes from other security solutions where typically corporate customers require separate devices for each of their banks with overwhelming complexity involving numerous authentication processes. With multiple users authorised to execute transactions with various banks, the number of tokens, passwords and processes quickly adds up. In contrast, with 3SKey just one token with a single password is sufficient to execute transactions securely with multiple institutions in multiple countries.
Implementing a proprietary identity management solution usually requires banks to invest in a solid infrastructure with considerable maintenance costs, while keeping abreast with security and technology updates. With 3SKey, SWIFT shoulders your burden to build, maintain and update a technical infrastructure. 3SKey provides a common solution for strong authentication and digital identity, which can be used on any electronic banking channel, including offline applications, web-banking, local and proprietary networks, and SWIFT. 3SKey uses industry standards and provides toolkits and APIs for easy and rapid integration in applications, while ensuring maximum security.
- X.509 V3 certificates
- RSA keys of 2048 bits
- SHA 256 digest calculation
- PKCS #7 formatted signatures
With numerous staff authorised to perform transactions, and multiple banking partners all using different security solutions, the number of tokens, passwords and processes quickly adds up. With 3SKey, just one token with a single password is sufficient to authenticate and approve transactions with multiple banks. It can be used on any electronic banking channel, including off-line applications, web-banking, local and proprietary networks, and SWIFT. 3SKey can also be used within organisations, securing internal workflows and facilitating in-house approval processes.
Easy to use and implement
One single device securely simplifies operations and streamlines approval processes with multiple banking partners. 3SKey is not only easy to use, it is built on industry standards to ensure flexible and rapid integration with internal and external applications.
Secured approval workflows
3SKey boosts an organisation’s security. Public Key Infrastructure (PKI) technology ensures that transactions are authentic, unaltered and legally binding. Entitlements and authorisation limits are managed centrally for all users within the organisation. Transaction approvals can be verified before any instructions are sent to the bank. This enables full traceability, and provides a complete audit trail of who has authorised what and when.