eMudhra launches ‘Online Banking Security Protocol’

By : |May 2, 2013 0

eMudhra Consumer Services, a market leading provider of e-enabled financial services for consumers and a licensed Certifying Authority under the information Technology Act of India, today announced the launch of ‘Online Banking Security Protocol’ – TRUSTFACTOR a comprehensive solution assuring security to any online financial transactions. The launch of TRUSTFACTOR is in alignment with the RBI’s mandate for banks to implement digital signature certificate based authentication for electronic banking.

The solution is supported by robust technology, domain-experienced implementation and secured processes including verification and issuance of digital signature certificates (DSC). DSC is legally valid under Information Technology Act and recommended by the Reserve Bank of India specifically for high value transactions. TRUSTFACTOR offers a comprehensive solution including authentication server solution, digital signature certificates, customized crypto-tokens and a secured process for issuance, download and usage.

A unique component of the solution is to provide reach to the bank’s customers through network of eMudhra’s Digital Security Centers present across the country. These centers can also be replicated as a Kiosk either at the Bank branches or at locations preferred by the Bank. These centers are operated under a secured environment and strict adherence to Information Technology Act. Initially, eMudhra centers will be in Bangalore, Mumbai, Chennai, Hyderabad, Delhi, Ahmedabad, Pune and Kolkata.

Kalaivani Chittaranjan, MD and CEO of eMudhra Consumer Services said, “Regulatory bodies and industry associations have been constantly emphasizing on the need for adopting appropriate and legally valid authentication techniques by banks. Having a strong expertise in PKI or public key infrastructure technology and experience in Digital Signature implementation in major Public Sector and Private Sector Banks in India, we, at eMudhra, sensed the need for a stronger authentication process and security device for highly sensitive electronic channels such as online banking. TRUSTFACTOR is a result of over 4 years of research efforts, developed to address the security needs of online transactions and also provide a legally valid authentication system that banks can rely on when it comes to cyber security.”

No Comments so fars

Jump into a conversation

No Comments Yet!

You can be the one to start a conversation.