SWIFT, the financial messaging provider, confirms that one year on from its launch in Europe, the digital identity solution 3SKey (SWIFT Secure Signature Key) is poised for global deployment. Building on the solid early implementations in France, the number of major banks offering 3SKey continues to grow steadily, as does the number of users. To date, more than 17,000 3SKey tokens have been distributed and there are 18 banks live. Some 35 application providers have integrated 3SKey into their solutions.
3SKey is a simplified signing mechanism for corporates and financial institutions. It secures the exchange of information in banking applications, enabling corporate treasurers to manage their various banking relationships using a single, multi-network personal digital identity. This reduces the complexity of managing the ever-increasing number of tokens and passwords needed to administer multiple accounts with multiple financial institutions.
John Colleemallay, director group treasury and financing, Dassault Systèmes, said: “3SKey has many benefits for an international group like Dassault Systèmes. We currently use the solution daily to secure the ISO 20022 XML credit flows with our French banking partners. To benefit even further from the efficiency gained, we will extend the usage with our banks and branches worldwide in the coming months.”
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.