eMudhra Consumer Services has announced the launch of "Online Banking Security Protocol"- TRUSTFACTOR a comprehensive solution assuring security to any online financial transactions. The launch of TRUSTFACTOR is in alignment with the RBI’s mandate for banks to implement digital signature certificate-based authentication for electronic banking.
Kalaivani Chittaranjan, MD & CEO of eMudhra Consumer Services, said, "Regulatory bodies and industry associations have been constantly emphasizing on the need for adopting appropriate and legally valid authentication techniques by banks. Having a strong expertise in PKI or public key infrastructure technology and experience in Digital Signature implementation in major Public Sector and Private Sector banks in India, we, at eMudhra, sensed the need for a stronger authentication process and security device for highly sensitive electronic channels such as online banking. TRUSTFACTOR is developed to address the security needs of online transactions and also provide a legally valid authentication system that banks can rely on when it comes to cyber security."
TRUSTFACTOR's main focus is to reach to the bank's customers through a network of eMudhra's Digital security centres present across India. This solution supported by robust technology, domain-experienced implementation and secured processes includes verification and issuance of digital signature certificates (DSC). It also offers a comprehensive solution including authentication server solution, digital signature certificates, customized crypto-tokens and a secured process for issuance, download and usage.
Initially, the eMudhra centres will be in Bangalore, Mumbai, Chennai, Hyderabad, Delhi, Ahmedabad, Pune and Kolkata.
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