Financial messaging provider SWIFT announced that The Bank of Tokyo-Mitsubishi UFJ (BTMU) has become the first Asian bank to adopt the multi-bank digital identity solution 3SKey in the region. BTMU will initially offer the solution to its corporate customers for transaction signing using personal signatures.
“We selected 3SKey in response to a strong demand from our corporate clients for personal identification on file channels,” said Eiichi Kashiwagi, general manager at BTMU. “We are convinced that advanced controls and open international standards will benefit corporates, banks and the industry as a whole.”
Alain Raes, chief executive (CEO) for Asia Pacific, Europe, the Middle East and Africa (EMEA), SWIFT, said: “The Bank of Tokyo-Mitsubishi UFJ is the first Asian bank to adopt 3SKey in the region. This is a significant milestone in extending the global bank readiness for 3SKey and further consolidates 3SKey as the standard digital identity solution in the financial industry.”
Launched by SWIFT in 2011, 3SKey is a digital identity solution available to corporates from their banks. It enables multi-bank exchange of personal signatures and strong user access control using a single universal token across all channels (SWIFTNet, proprietary and domestic bank channels and online portals).
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