Banks continue to feel the profound transformational effects that digital technologies have on their business. This can be seen in the creation and acceleration of new business activities, models, competencies, and processes.
Read moreBanks continue to feel the profound transformational effects that digital technologies have on their business. This can be seen in the creation and acceleration of new business activities, models, competencies, and processes.
Read moreOpen banking can offer opportunities for retail banks that are faced with competition from newcomers to the banking and finance industry. For those unfamiliar with what open banking is, it can be best defined as “the use of open APIs that enable third-party developers (FinTech or non-banking service providers) to provide applications and services around the financial institution.” These services may be located between the customer and the bank, or placed in the bank’s bank-end.
Read moreIn response to changing and more dynamic market demands, banks and financial institutions are turning into financial service platforms. They increase the extent of their digital transformations across the hybrid cloud, guided by three motivating factors:
Read moreIBM’s mainframe computers have been a rock-steady part of banks’ security infrastructure for many years. Originating from the local data-center concept, the current release is able to stretch banks’ security architecture across the hybrid cloud, harnessing advantages of on-premise and cloud-native software deployments - all without compromising data security and privacy.
Read moreThe IBM Common Cryptographic Architecture (CCA) is a cryptographic platform providing several functions of special interest for securing financial transactions.
Read moreInvented by Mohamed Atalla, the Atalla key block is the root of all key blocks. All over the globe, hundreds of millions of financial transactions are secured daily using hardware security modules (HSMs) and the Atalla key block format that follows TR-31 guidelines. Here we will explain a bit about AKB and why a banking-grade key management system (KMS) must support it.
Read moreATM Remote Key Loading has become a common practice in the industry. Yet managing the top-level keys to establish trust between the Host and the ATM units remains a challenge. This article describes how Cryptomathic CKMS addresses the challenges of key generation and distribution for ATM Remote Key Loading.
Read moreIn this article we will look at integration points and explain why it is important that a key management system is able to integrate with a number of applications across various environments (in-house data centers and public clouds).
In June 2019, the PCI Security Standards Council issued an information supplement titled PCI PIN Security Requirement 18-3 – Key Blocks, which requires that encrypted symmetric keys be managed in structures called “Key Blocks.”
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