Bajaj Justtrade gets EMC security backbone

BANGALORE, INDIA: Bajaj Capital, a provider in financial services, recently announced that it has chosen RSA, the security division of EMC, to secure it’s newly launched online investment and stock broking services - Justtrade.in.

The RSA SecurID system is designed to offer Bajaj Capital a unique, time-synchronous solution that automatically changes the user’s password every 60 seconds, said a press release.

Bajaj could now offer its online investors a comprehensive security solution engineered to reduce the possible risk of online platform misuse or access of critical information by external hackers.

Justtrade.in was launched in January this year and two-factor authentication provided through the RSA SecurID solution is the latest addition to services provided by Bajaj Capital, it added.

The portal was launched with an aim to offer online investment solutions across shares, F&O, mutual funds and IPO to the new generation of Indian investors.

It is backed by research advisory services and also offers a first of its kind online financial planning tool to enable financial planning online.

The service would also free customers from the hassle of remembering their passwords and login identity from time to time as the RSA SecurID solution’s One-Time Password (OTP) provides the right balance between protection and convenience, it said.

Rajiv Deep Bajaj, vice chairman and managing director, Bajaj Capital Group, said, “With advancement in technology, e-transactions are on the rise and so is cyber crime.

By offering the RSA SecurID solution, Bajaj Capital reiterates our commitment to client’s security while investing online.”

“We are glad to be associated with Bajaj Capital. With the RSA SecurID solution, Bajaj Capital’s clients can be assured that their information assets will be protected. Customers can login with quick and optimum security via the Internet from any location,” said Amuleek Bijral, country manager, India and SAARC at RSA.

He added that the RSA SecurID solution is an extension of Bajaj Capital’s commitment to its clients in providing them the best in breed services.