Intesa Sanpaolo signs for Swift's 3SKey

Source: Swift

Swift announces that, Intesa Sanpaolo, one of the top banking groups in the euro zone, has signed up for 3SKey, a multi-bank and multi-channel solution for corporates to securely authenticate and approve operations using digital signatures and strong authentication.

It provides a single token for Intesa Sanpaolo’s corporates clients to communicate with the bank across all channels.

Intesa Sanpaolo actively supports SWIFTNet connectivity for corporates and has successfully worked with a variety of corporate treasuries and payment factories to exchange financial information through SWIFT. The bank will now also extend its range of services in the SWIFT for Corporates portfolio of products for multi-banked corporates and offer 3SKey to its corporate customers.

Stefano Favale, head of Global Transaction Banking at Intesa Sanpaolo Group, commented: "SWIFT for corporates has considerable present and future potential and Intesa Sanpaolo is willing to make all the necessary investment to fully support clients who choose SWIFTNet to streamline and automate payment processes.”

Erika Toso, Head of South East Europe, SWIFT said: “We are very excited to extend the industry support for 3SKey with Intesa Sanpaolo signing up for the solution. We have now 18 of our top 20 banks on the corporate access programme offering 3SKey to their corporate customers. This is an important milestone that strengthens the relationship between Intesa Sanpaolo and SWIFT, it also proves the continuous effort of Intesa Sanpaolo in enriching and enhancing the quality and the range of their services for their customers.”

3SKey enables corporate users to ‘sign’ transactions with multiple banks using a single personal digital signature token. It can be used on any banking channels (SWIFT, proprietary/domestic networks and e-banking web portals), and allows corporates to securely log into online banking applications and sign financial transactions sent to their banks using a single signing device. The solution took-off in France in 2011, and has now expanded to more than 110 geographies, driven by the growing influence of regulation, and an increasing focus on security and fraud prevention. Today 3SKey is offered by 42 banking groups and service providers to over 7,000 corporates in 113 countries.

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