Mobey Forum, a bank-led industry association which aims to define a mobile financial services (MFS) ecosystem, is now participating in the Trusted Computing Group (TCG) Industry Liaison Programme. The two organisations will work together to enhance the development of security standards in MFS.
The liaison will enable Mobey Forum and the TCG to share members’ security requirements and use this combined knowledge to enhance the TCG’s development of standards in MFS. The liaison is intended to foster closer collaboration between the mobile and information and communications technology (ICT) industries and the banks and financial institutions intent on rolling out MFS to their customers.
“The current security standards for mobile devices lack the perspective of financial institutions, and their specific needs for mobile payments and mobile banking,” said Ron van Wezel, chairman of the board at Mobey Forum and director of emerging payment streams at Deutsche Bank. “The TCG is doing great work toward defining security standards in mobile financial services. The input and participation of Mobey Forum in the TCG will provide valuable contribution from the financial and banking sector in support of this work. Additionally, it will deliver educational value for Mobey Forum members and enable direct communication between the financial sector and device manufacturers. Aligning their interests with the industry’s efforts to create technical standards will help to accelerate deployment and encourage state-of-the-art security implementations.”
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