For Immediate Release
PR Contact: Mary Tobin O’Keeffe & Company 001 503 658 7396 mtobin@okco.com
BNP Paribas Chooses IdenTrust Certificates to Enable Personal Digital Signatures for SWIFTNet FileAct Files New Offering Provides Improved Accountability for Corporate Banking Customers and Enables International Interoperability
San Francisco, CA, September 18, 2007 — IdenTrust, Inc., a leader in trusted identity solutions, today announced that BNP Paribas, one of the world’s largest international banks, is joining the IdenTrust network to provide its corporate banking customers with IdenTrust digital certificates to enable personal digital signatures for SWIFTNet FileAct payment files. The new offering enables BNP Paribas’ corporate customers to have accountability down to the individual for financial transaction processes on a global, interoperable and non-repudiable basis.
“By enabling our corporate customers to utilize personal digital signatures for SWIFT transactions — instead of a single corporate-level signature for payment files — we provide them with enhanced visibility and control over their business transactions,” said Pierre Fersztand, Head of Cash Management at BNP Paribas. “IdenTrust offers an ideal platform for our corporate customers who conduct business around the world because it is SWIFT compatible and globally interoperable. IdenTrust digital certificates integrate fully with our global Cash Management offering. BNP Paribas is among the leading Cash Management players in the market and was one of the first banks to introduce SWIFTNet to corporate clients; this new decision strongly reinforces our commitment to SWIFTNet.” SWIFTNet FileAct allows secure and reliable file transfers and is typically used to exchange batches of structured financial messages and large reports. BNP Paribas’ offering — which,
through IdenTrust, enables real-time validation of signatures — reinforces the power of the SWIFT network to provide a secure, reliable method of transfer for payments and information.
“Corporations require new levels of accountability and authentication as they increase their reliance on electronic transactions to conduct business around the globe. IdenTrust is pleased to work with BNP Paribas to deliver these expanded capabilities through our scalable and globally interoperable identity authentication solutions that allow identification at both the corporate and individual level,” said Joe Norburn, Managing Director for IdenTrust in EMEA.
About BNP Paribas BNP Paribas (www.bnpparibas.com ) is a European leader in banking and financial services, and ranks among the world's top 15 banks by market capitalization. It has 150,000 employees, almost 120,000 of whom are based in Europe. The group occupies leading positions in three significant fields of activity: Corporate and Investment Banking, Asset Management & Services and Retail Banking. It is present in 85 countries and has a strong presence in all the key financial centres. Present throughout Europe, in all its business lines, France and Italy are its two domestic markets in retail banking. BNP Paribas enjoys a significant and growing presence in the United States and leading positions in Asia and in emerging markets.
Contact: Press Officer – Anne Dugied – anne.dugied@bnpparibas.com
About IdenTrust IdenTrust is a leader in trusted identity solutions, recognized by financial institutions, government agencies and businesses around the world. IdenTrust enables organizations to manage effectively the risks associated with identity authentication. The only bank-developed identity authentication system, IdenTrust provides a legally and technologically interoperable environment for authenticating and using identities worldwide. The IdenTrust Trust Infrastructure is predicated on a proprietary framework that combines policies, legal framework, trusted operations and technology (P.L.O.T.) to
create a comprehensive environment for issuing trusted identities. IdenTrust is the only company to provide a solution incorporating all four of these elements. Customer agreements are valid, binding and enforceable in more than 175 countries. IdenTrust identities are globally interoperable under uniform private contracts recognized in countries around the world. Additionally, the IdenTrust Trust Infrastructure maintains the privacy of each and every transaction processed by reading only digital certificate information, not the message itself. For more information, visit http://www.identrust.com .