SWIFT's 3SKey Ready to Go Global
SWIFT, the financial messaging provider, confirms that one year on from its launch in Europe, the digital identity solution 3SKey (SWIFT Secure Signature Key) is poised for global deployment. Building on the solid early implementations in France, the number of major banks offering 3SKey continues to grow steadily, as does the number of users. To date, more than 17,000 3SKey tokens have been distributed and there are 18 banks live. Some 35 application providers have integrated 3SKey into their solutions.
3SKey is a simplified signing mechanism for corporates and financial institutions. It secures the exchange of information in banking applications, enabling corporate treasurers to manage their various banking relationships using a single, multi-network personal digital identity. This reduces the complexity of managing the ever-increasing number of tokens and passwords needed to administer multiple accounts with multiple financial institutions.
John Colleemallay, director group treasury and financing, Dassault Systèmes, said: “3SKey has many benefits for an international group like Dassault Systèmes. We currently use the solution daily to secure the ISO 20022 XML credit flows with our French banking partners. To benefit even further from the efficiency gained, we will extend the usage with our banks and branches worldwide in the coming months.”