French banking group BNP Paribas is to use technology from Identrust to enable its corporate banking customers to use personal digital signatures for SwiftNet FileAct payment files.
IdenTrust says the bank is joining its digital trust network to provide 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, says California-based IdenTrust.
"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," says 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."
Commenting on the implementation, Joe Norburn, MD for IdenTrust in Emea, says corporations require new levels of accountability and authentication as they increase their reliance on electronic transactions to conduct business around the globe.