Indian public sector bank Corporation Bank has implemented 3i Infotech Consumer Services's eMudhra Public Key Infrastructure (PKI) authentication security solution.
BR Bhat, general manager of Corporation Bank, said: “With the stupendous growth of internet and online transactions, security is always a concern to the netizens for doing financial transactions. We are proud to announce launching of world class online banking security, to our corporate customers.
“This layer ensures an additional security to all online banking transactions and one can be rest assured that their online transactions are more secure.”
Ravi Jagannathan, MD and CEO of 3i Infotech, said: “To prevent the internet banking users from cyber fraud many banks in Asian countries including China, Hong Kong, Taiwan, in recent years, are following the European way of adopting PKI security for their internet banking authentication. With the increasing threat due to phishing and other online crime incidents, it is logical for banks in India to also adopt the time tested PKI security for their internet banking.
“As a consumer focused organization we are glad that our eMudhra online banking authentication solution has played a significant part in this historical initiative by Corporation Bank.”