Intesa Sanpaolo signs up for SWIFT’s 3SKey solution
Intesa Sanpaolo to use SWIFT's 3SKey to provide secured personal digital signatures and strong user authentication to its corporate clients
Brussels - 9 December 2015 - SWIFT announces that, Intesa Sanpaolo, one of the top banking groups in the euro zone, has signed up for 3SKey, a multi-bank and multi-channel solution for corporates to securely authenticate and approve operations using digital signatures and strong authentication. It provides a single token for Intesa Sanpaolo's corporates clients to communicate with the bank across all channels.
Intesa Sanpaolo actively supports SWIFTNet connectivity for corporates and has successfully worked with a variety of corporate treasuries and payment factories to exchange financial information through SWIFT. The bank will now also extend its range of services in the SWIFT for Corporates portfolio of products for multi-banked corporates and offer 3SKey to its corporate customers.
Stefano Favale, head of Global Transaction Banking at Intesa Sanpaolo Group, commented:
"SWIFT for corporates has considerable present and future potential and Intesa Sanpaolo is willing to make all the necessary investment to fully support clients who choose SWIFTNet to streamline and automate payment processes."
Erika Toso, Head of South East Europe, SWIFT said: "We are very excited to extend the industry support for 3SKey with Intesa Sanpaolo signing up for the solution. We have now 18 of our top 20 banks on the corporate access programme offering 3SKey to their corporate customers. This is an important milestone that strengthens the relationship between Intesa Sanpaolo and SWIFT, it also proves the continuous effort of Intesa Sanpaolo in enriching and enhancing the quality and the range of their services for their customers."
3SKey enables corporate users to ‘sign' transactions with multiple banks using a single personal digital signature token. It can be used on any banking channels (SWIFT, proprietary/domestic networks and e-banking web portals), and allows corporates to securely log into online banking applications and sign financial transactions sent to their banks using a single signing device. The solution took-off in France in 2011, and has now expanded to more than 110 geographies, driven by the growing influence of regulation, and an increasing focus on security and fraud prevention. Today 3SKey is offered by 42 banking groups and service providers to over 7,000 corporates in 113 countries.
For more information about 3SKey, visit http://corporates.swift.com/3skey
About Intesa Sanpaolo
Intesa Sanpaolo, among the top banking groups in the euro zone, is the leader in Italy in all business areas (retail, corporate, and wealth management). The Group offers its services to 11.1 million customers through a network of approximately 4,300 branches well distributed throughout the country with market shares no lower than 13% in most Italian regions. Intesa Sanpaolo has a selected presence in Central Eastern Europe and Middle Eastern and North African areas with approximately 1,300 branches and 8.3 million customers belonging to the Group's subsidiaries operating in commercial banking in 12 countries.
Moreover, an international network of specialists in support of corporate customers spreads across 29 countries, in particular in the Middle East and North Africa and in those areas where Italian companies are most active, such as the United States, Brazil, Russia, India and China.
For more information, visit www.group.intesasanpaolo.com
About SWIFT for Corporates
SWIFT for Corporates offers a wide and growing range of products and services for multi-banked corporates to connect with banks and financial institutions through a single, secure and reliable channel. SWIFT provides corporate treasurers and finance managers global visibility on cash and trade, lower cost of financial transactions and improved security and reliability. SWIFT for Corporates also includes additional capabilities such as Bank Payment Obligation (BPO)/Trade Services Utility (TSU), 3SKey, SWIFTRef, MyStandards and Sanctions Screening. For more information, visit http://corporates.swift.com/
SWIFT is a member-owned cooperative that provides the communications platform, products and services to connect more than 10,800 banking organisations, securities institutions and corporate customers in more than 200 countries and territories. SWIFT enables its users to exchange automated, standardised financial information securely and reliably, thereby lowering costs, reducing operational risk and eliminating operational inefficiencies. SWIFT also brings the financial community together to work collaboratively to shape market practice, define standards and debate issues of mutual interest.
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