17 August 2017
Find out more

Wing Lung Bank implements Thales SafeSign authentication technology

30 July 2007  |  6038 views  |  0 Security

Hong Kong-based Wing Lung Bank is using authentication technology from Thales to provide its retail customers with secure access to Internet banking services.

The bank has deployed Thales' SafeSign two-factor authentication technology to provide secure access to its retail Net banking service, which went live in December 2006. Bank customers have been issued with hand-held tokens supplied by Vasco.

Thales says it worked closely with the bank to design and implement the two-factor authentication system based on its SafeSign architecture and the Vasco hand-held tokens. The platform was implemented withhin six months.

SafeSign supports the use of hardware tokens and can also be used for other forms of authentication - including smart cards, SMS and e-certificates - that the bank may implement in the future, says the vendor.

Fernando Yu, head of electronic banking department, Wing Lung Bank, says: "We believe that enhanced online banking security is the key to our long-term profitability."

Richard Mallett, MD, of Thales' transport and security activities in Hong Kong, add: "The implementation of SafeSign at Wing Lung Bank will provide e-banking customers with the highest levels of security, as well as being easy and convenient to use."

The deployment of Thales' SafeSign also enables the bank to meet the Hong Kong Monetary Authority directive which requires two-factor authentication for high risk transactions.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

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

Related stories

Thales signs Faster Payment banks to security module

Thales signs Faster Payment banks to security module

15 June 2007  |  5256 views  |  0 comments
Wing Lung Bank and IBM ink software development deal

Wing Lung Bank and IBM ink software development deal

22 February 2006  |  5007 views  |  0 comments
Swedish payment house verifies digital IDs with Thales

Swedish payment house verifies digital IDs with Thales

24 November 2004  |  4556 views  |  0 comments

Related company news

 

Related company information

Vasco

Related blogs

Create a blog about this story (membership required)
visit www.niceactimize.comvisit www.dorsum.euvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
Coinbase raises $100mCoinbase raises $100m
10313 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9686 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9559 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8515 views comments | 6 tweets | 21 linkedin
Monzo appoints Curve co-founder Foster-Carter COOMonzo appoints Curve co-founder Foster-Car...
7991 views comments | 1 tweets | 2 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job