Colt announced today that nscglobal and Covata have joined Colt PrizmNet - a financial services extranet that connects providers of financial content to capital markets firms - providing access to the Safe Share secure file sharing solution.
Safe Share will enable capital markets participants to securely share data over Colt PrizmNet, providing them with access auditability, certainty of data location and real time revocation of access rights.
Safe Share provides financial institutions with a complete solution for securing sensitive and valuable company data. The patented approach that underlies this secured data solution combines the three pillars of security - identity management, policy and key management - providing Colt capital markets customers with a unified and scalable data security solution.
Jean-Marc Jefferson, Operations Director at nscglobal commented: “Safe Share helps customers meet their statutory obligations and regulatory requirements by ensuring that stored data is always encrypted, and that the encryption keys and algorithms are protected. This secured data solution will enable financial institutions to meet rigorous levels of corporate governance, access monitoring and compliance.”
Hugh Cumberland, solution manager at Colt added: “Colt PrizmNet is the ideal platform for delivering Safe Share, and fits neatly with our strategy of driving a variety of services, solutions and content through Colt PrizmNet, creating a capital markets eco-system. Leveraging Colt PrizmNet for multiple services across front, middle and back office allows our customers to benefit from real economies of scale, whilst not compromising on security or service.”
Covata CEO and Founder, Trent Telford affirmed: “From our history in Government and Defence, we deeply understand the security demands of the capital markets. Safe Share is unparalleled when it comes to delivering a data-centric security solution to support compliance and regulatory requirements. We are delighted to be partnering with Colt to offer this security service to the sector.”