Deutsche Bank’s global transaction banking unit has implemented SWIFT’s 3SKey service to offer a single token for customer authentication on the bank’s Autobahn App Market that provides direct online access to bank-wide services in a single location.
The 3SKey service, which can be used on any banking channel, is a multi-bank personal identity token that makes use of digital signatures and strong authentication.
The service enables corporates to log in to online banking applications and approve financial transactions through a single device.
Individual identification for online banking till now depended on various proprietary signature tools for each bank, each using their own tools and varied authentication levels.
Deutsche Bank global head of global transaction banking cross-product components and regional head of product management Americas David Watson said: "3SKey is an excellent example of SWIFT providing collaborative market solutions supporting robust security standards for confirming a person’s identity with a one bank-agnostic high-security device.
"Supporting 3SKey allows us to leverage current industry trends and brings tangible benefits to our online clients. It is therefore a logical next step to extend 3SKey beyond SWIFT and EBICS France to our global Autobahn App Market, providing access to more than 180 applications across Deutsche Bank´s electronic products and services."