04 May 2015

HSBC to roll out Identrust digital certificate service to corporates

22 January 2008  |  7219 views  |  0 HSBC logo web screen shot

UK banking group HSBC will use the Identrust online authentication network to enable some of its corporate customers to use personal digital signatures for payments files.

IdenTrust says HSBC is joining its digital trust network to enable corporate customers to digitally sign payment files to provide secure, non-repudiable and legally binding corporate-to-bank and bank-to-corporate communications.

The vendor says that its system streamlines the authentication process as only one identity per user is needed to interact with all of a customer's banks.

Identrust says HSBC is undertaking a series of customer implementations of the technology to demonstrate the scalability and interoperability of the system.

Joe Norburn, managing director, Emea, IdenTrust, says: "Our ability to provide an authentication solution that is interoperable, non-repudiable and valid in more than 100 countries is essential to HSBC, whose corporate clients conduct business around the globe."

In addition, IdenTrust says it is working with HSBC to identify other business areas, such as bank account management processes and trade finance services, that may benefit from the technology.

Last September French bank BNP Paribas said it was using the Identrust technology to enable its corporate banking customers to use personal digital signatures for SwiftNet FileAct payment files.

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

19 September, 2007
07 September, 2007
31 May, 2007
17 May, 2007
06 March, 2006
07 September, 2005

Related company news


Related company information


Top topics

Most viewed Most shared
Visa Europe opens innovation hub
8259 views comments | 35 tweets | 20 linkedin
Deutsche Bank to allocate EUR1 billion to...
5525 views comments | 43 tweets | 19 linkedin
MasterCard to buy analytics house APT for...
5308 views comments | 16 tweets | 5 linkedin
Barclays launches £100 million fund f...
5093 views comments | 18 tweets | 10 linkedin
Malawi takes steps to create a digital pay...
4137 views comments | 17 tweets | 10 linkedin

Featured job

Competitive base & commission + equity
New York City, NY, USA

Find your next job