Nordea has become the first Nordic bank to launch a B2B e-commerce service based on the Identrus global trust system and Swift's TrustAct messaging and non-repudiation product.
All messages sent between businesses via the service are signed and secured using digital certificates, time-stamped and logged, says the bank.
Nordea's existing selection of Internet-based invoicing and payment services now includes cross-border capabilities for those customers wishing to trade globally in a secure way, says Pentti Mansukoski, head of cash management, Nordea.
The launch comes after the successful completion of a pilot test in cooperation with FishMarket, a leading market place for trade in seafood representing 10% of global seafood trade. Nordea used Swift e-commerce services to enable FishMarket to offer its international members trusted auction services. Identrus then verified identity and validated all messaging.