Brief: SEB invests in digital security firm Arcot

Brief: SEB invests in digital security firm Arcot

Scandinavian financial group, SEB has taken an undisclosed stake in digital identity solutions provider Arcot Systems.

"SEB considers Web enabled transactions as a core technology for our continued success and geographic expansion. Our challenge is achieving this without the slightest compromise in the transaction security," says Carl Sundvik, president of SEB e-Invest. "Arcot's solution is interesting as it provides comparable security level as hardware tokens and smart cards, but with the added convenience of mobility provided by software-only solutions."

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