Nordic Baltic Holding, incorporating the banking subsidiaries Merita Bank, Nordbanken and Unibank, has agreed to join Identrus, the banking coalition for engendering trust in online transactions.
The agreement was signed at the annual Sibos Conference in San Francisco, where both Identrus and interbank network Swift announced their intention to join forces in creating a global e-commerce solution. This will provide participating banks with a platform, enabling them to offer corporate clients services in the form of global certification, complemented by payments and guarantees.
"Identrus will bring us capacity to offer our clients globally acceptable certificates. Through the new solution, we can guarantee the identity of our corporate customer doing business over the Internet, with the counterparty's identity also being guaranteed by a creditworthy financial institution. Using this trust as a base, we can further develop our future international invoicing, payment and credit services", says Bo Harald, executive vice president of MeritaNordbanken.