IdenTrust, Inc., a leader in trusted identity solutions, today
announced that BNP Paribas, one of the world's largest international
banks, is joining the IdenTrust network to provide its corporate
banking customers with IdenTrust digital certificates to enable
personal digital signatures for SWIFTNet FileAct payment files. The
new offering enables BNP Paribas' corporate customers to have
accountability down to the individual for financial transaction
processes on a global, interoperable and non-repudiable basis.
"By enabling our corporate customers to utilize personal digital
signatures for SWIFT transactions -- instead of a single
corporate-level signature for payment files -- we provide them with
enhanced visibility and control over their business transactions,"
said Pierre Fersztand, Head of Cash Management at BNP Paribas.
"IdenTrust offers an ideal platform for our corporate customers who
conduct business around the world because it is SWIFT compatible and
globally interoperable. IdenTrust digital certificates integrate fully
with our global Cash Management offering. BNP Paribas is among the
leading Cash Management players in the market and was one of the first
banks to introduce SWIFTNet to corporate clients; this new decision
strongly reinforces our commitment to SWIFTNet."
SWIFTNet FileAct allows secure and reliable file transfers and is
typically used to exchange batches of structured financial messages
and large reports. BNP Paribas' offering -- which, through IdenTrust,
enables real-time validation of signatures -- reinforces the power of
the SWIFT network to provide a secure, reliable method of transfer for
payments and information.
"Corporations require new levels of accountability and
authentication as they increase their reliance on electronic
transactions to conduct business around the globe. IdenTrust is
pleased to work with BNP Paribas to deliver these expanded
capabilities through our scalable and globally interoperable identity
authentication solutions that allow identification at both the
corporate and individual level," said Joe Norburn, Managing Director
for IdenTrust in EMEA.
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking
and financial services, and ranks among the world's top 15 banks by
market capitalization. It has 150,000 employees, almost 120,000 of
whom are based in Europe. The group occupies leading positions in
three significant fields of activity: Corporate and Investment
Banking, Asset Management & Services and Retail Banking. It is present
in 85 countries and has a strong presence in all the key financial
centres. Present throughout Europe, in all its business lines, France
and Italy are its two domestic markets in retail banking. BNP Paribas
enjoys a significant and growing presence in the United States and
leading positions in Asia and in emerging markets.
Contact: Press Officer - Anne Dugied - anne.dugied@bnpparibas.com
About IdenTrust
IdenTrust is a leader in trusted identity solutions, recognized by
financial institutions, government agencies and businesses around the
world. IdenTrust enables organizations to manage effectively the risks
associated with identity authentication. The only bank-developed
identity authentication system, IdenTrust provides a legally and
technologically interoperable environment for authenticating and using
identities worldwide. The IdenTrust Trust Infrastructure is predicated
on a proprietary framework that combines policies, legal framework,
trusted operations and technology (P.L.O.T.) to create a comprehensive
environment for issuing trusted identities. IdenTrust is the only
company to provide a solution incorporating all four of these
elements. Customer agreements are valid, binding and enforceable in
more than 175 countries. IdenTrust identities are globally
interoperable under uniform private contracts recognized in countries
around the world. Additionally, the IdenTrust Trust Infrastructure
maintains the privacy of each and every transaction processed by
reading only digital certificate information, not the message itself.
For more information, visit http://www.identrust.com.