Case Study – Fully digital trade transactions

Great strides have been made in the retail banking and payments space via innovative financial technology products. However, in the corporate banking space, the developments and transformation into a truly digital platform have been more muted. This small case study provides a mock-up of how a fully digital, secure, and authenticated transaction can take place using a single one-stop application.

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The Digital Trade Initiative - Introduction

In spite of some recent protectionist headwinds, international trade had been chugging along and growing at a decent pace. However, this does not mean business as usual. Firstly, high growth markets are continuously shifting, motivating companies to access emerging markets that they have not done business in before. Secondly, even in their local markets companies are facing stiff competition which is driving them to seek new business relationships in their regions (like in the EU for example).

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The eIDAS 2018 Municipalities Project

Technology and governance has come a long way over the last couple of decades and we have reached a point where movement across national borders seems almost seamless. Your phone still works (maybe without additional charges), you can use your credit card and even use the same service providers (like Uber, for example). To take this a step further, the European Commission has been working on the eIDAS project and regulation which allows consumers to use their local eID to access private and even public services anywhere within the EU Single Market.

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Using 3D-Secure and Device Fingerprints for EMV Payments Against CNP Fraud

Credit cardholders are generally protected from liability if unauthorized transactions are made with their credit cards because of consumer protection laws and card policies. This leaves merchants and financial institutions on the hook for losses related to credit card fraud. According to an October 2016 Nilson Report, card issuers were burdened with 72 percent of fraudulent losses in 2015 while merchants were left with 28 percent of the losses.

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Electronic transactions based on the federation of electronic identification systems - a Polish perspective

The growth of electronic identification systems has been different for each European country during the past several years. European countries have different eID solutions based on whether the issuer is a government or a private eID provider. This article discusses the Federation of eID providers in Poland, which has become the national identification scheme. 

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HTTPS Encryption and Attacks on Authentication in Remote Banking Services - a Russian Perspective

Read the Russian Version Шифрование HTTPS

This article discusses the secure HTTPS Protocol intended for web-resources and its principles of operation as well as its strengths and weaknesses. It explains how attacks on HTTPS may lead to traffic being decrypted, particularly in systems for remote banking services and personal logins to web-resources.

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Bridging the gap between eIDAS and Anti-Money Laundering Directives

Banks and other financial institutions are playing a key role in countering global challenges like money laundering and terror financing.

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Applying Cryptographic Security Services - a NIST summary

This article summarizes the basic cryptographic security services that can be used to protect information (or as a supporting protective mechanism) against attacks, as described in the NIST Special Publication 800-57 (1, rev.4) for Key Management.

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Electronic Signatures for Banking Operations in Russia - a benchmark with eIDAS

To read the Russian version of this article: Электронная подпись и ее применение в России

This article examines the use of cryptographic means for information security, and in particular, the electronic signature. It focuses on the use of electronic security signatures (ESS) in various sectors, including the domestic use of cryptographic algorithms and requirements of the Federal Security Service of Russia (FSB) for hardware and software.

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