20 September 2017
visit www.avoka.com

BT and Hitachi team on secure identity management system for FS firms

25 April 2012  |  7540 views  |  0 biometrics - eye

BT has outlined plans for a cloud-based secure identity management system for financial services firms using Hitachi Europe's biometric technology.

The BT Unified Trading federation will be accessible by the more than 15,000 member sites in the BT Radianz Cloud, facilitating the secure interchange of identities between financial firms, identity providers and service providers.

Firms will retain responsibility for their own directories, authentication and the attributes they allow third-parties to see with the federation facilitating the secure exchange of that information.

The system will use Hitachi's finger vein authentication engine and technology to identify users, providing financial institutions with "tangible user convenience, cost savings and productivity benefits, as well as improved security, an automatic audit trail, and improved compliance," say the partners.

Tom Regent, president, global banking and financial markets and sales and marketing, BT Global Services, says: "Greater security for storing and accessing customer information and transacting with business partners is becoming an increasingly prevalent regulatory requirement for the financial industry. And so, it was clear that a new approach was needed for identity management, one that employed new methods and new technology. That is why we have been working closely with the financial services community to extend our award-winning BT Unified Trading solution, by adding federated identity management to the rich collaboration and compliance capabilities."

Akira Shimizu, managing director, Hitachi Europe, adds: "Our Finger Vein Authentication Engine and technology adds a new dimension to the BT Unified Trading federation offer. It provides assurance over the identity of those accessing privileged information and makes the connection between the individual and the credentials they hold."

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

Isbank deploys Hitachi biometric tech at ATMs and branches

Isbank deploys Hitachi biometric tech at ATMs and branches

07 February 2012  |  11286 views  |  0 comments
Poland's BPS unveils biometric cash machine

Poland's BPS unveils biometric cash machine

13 May 2010  |  12261 views  |  0 comments
Reuters and BT agree Radianz deal

Reuters and BT agree Radianz deal

10 March 2005  |  6774 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.capgemini.comvisit www.temenos.comvisit www.sibos.com

Who is commenting?

Top topics

Most viewed Most shared
HSBC switches on selfie payments in ChinaHSBC switches on selfie payments in China
11157 views comments | 24 tweets | 40 linkedin
Equifax hack: Visa and Mastercard flag 200k compromised credit cardsEquifax hack: Visa and Mastercard flag 200...
10469 views comments | 6 tweets | 17 linkedin
Dutch bank sentences teenage DDoS culprit to community serviceDutch bank sentences teenage DDoS culprit...
9241 views comments | 6 tweets | 3 linkedin
UAE banks pool cyber security dataUAE banks pool cyber security data
7735 views comments | 5 tweets | 4 linkedin
ING moves into digital wealth management with Scalable CapitalING moves into digital wealth management w...
7514 views comments | 14 tweets | 15 linkedin

Featured job

circa £250K total package
London

Find your next job