1 February 2016

Case Study: Dassault Systèmes became the first of BTMU’s customers to use 3SKey

3SKey, SWIFT’s personal identity key, has been widely implemented by corporations in Europe, particularly in France, as a way of enhancing transaction security whilst also enabling transactions to be verified in a consistent way across banking partners.

3SKey, SWIFT’s personal identity key, has been widely implemented by corporations in Europe, particularly in France, as a way of enhancing transaction security whilst also enabling transactions to be verified in a consistent way across banking partners. When 3SKey was first launched, multinational corporations could achieve the payment security and efficiency that 3SKey offers for in Europe and the US. This has now changed with the decision by Bank of Tokyo-Mitsubishi UFJ (BTMU) to adopt 3SKey, setting an important precedent amongst banks in Asia Pacific, and creating significant opportunities for treasurers and finance managers of corporations headquartered in, or operating in the region.

Read more about how using 3SKey to manage user rights and control the approvals process has proved straightforward for Dassault Systèmes in the latest case study.