Clearstream Services reports Luxembourg PKI deal

Clearstream Services reports Luxembourg PKI deal

A consortium led by Deutsche Börse subsidiary Clearstream Services has won a deal to provide a public key infrastructure (PKI) for LuxTrust, a JV established by the Luxembourg Ministry of Economic Affairs and banks in the region to develop a common PKI covering the country's economic marketplace.

The consortium, called 'uTrust', consists of e-payments processor Centre de Transferts Electroniques (CETREL), Luxembourg technology firm HITEC and E-business and Resilience Centre (eBRC) as well as Clearstream Services.

The PKI infrastructure will provide certification, registration and authentication capabilities for electronic messaging, including the creation of electronic signatures.

Clearstream says it will manage and produce the electronic certificates. CETREL – which has been chosen as the prime contractor by the consortium members - will be in charge of the production of the smart cards. HITEC Luxembourg will be the consortium project office and quality assurance coordinator, while eBRC will manage the telecommunication infrastructure.

Clearstream and CETREL are the main technology and outsourcing partners and will also share management of servers of the PKI infrastructure.

Commenting on the deal, Yves Baguet, Clearstream Services MD, says: "For Clearstream Services, it is a strategic move into the business of IT managed services. We are continuously developing these services with new customers thanks to our position as a neutral and credible actor with strong technological expertise."

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