FREMONT, Calif., Feb. 27 /CNW/ -- KAS BANK, the Dutch based European
supplier of investment management, custody, clearing and settlement services,
has been shortlisted for a project carried out with ActivIdentity(R)
Corporation (Nasdaq: ACTI), a global leader in digital identity assurance, in
the Best Security Strategy of the Year category of the Financial Sector
Technology (FST) Awards 2008.
KAS BANK has overhauled its technology for processing clients' money
transfers and settlement instructions. An extensive review highlighted
weaknesses in safeguarding its existing token-based, symmetric technology
which created a level of risk about which the bank was sufficiently concerned.
Therefore, KAS BANK has undertaken a wide-ranging project to address these
KAS BANK has implemented the ActivIdentity Smart Banking ID solution
after trials demonstrated this solution could provide the highest level of
security by encrypting transaction data, while meeting customer demands for
usability and convenience. KAS BANK selected a PKI-based smart card solution
using asymmetric keys that are generated securely on the smart card while in
the possession of the customer, negating security concerns associated with
"The ActivIdentity Smart Banking ID solution has reduced user fees,
management and maintenance costs for the bank, while enabling simpler and
faster transactions with the highest level of security," explains Johan van
der Wal, Manager Client Information Management at KAS BANK in Amsterdam.
"The challenges that KAS BANK has been able to address are being
experienced throughout the financial services industry," explains Marc
Hudavert, vice-president of ActivIdentity, EMEA. "ActivIdentity is committed
to developing identity assurance solutions which can support finance customers
as these risks evolve and we are delighted that this project has been
shortlisted for the FST awards."
The FST Awards aim to recognize IT excellence and innovation within the
UK and European financial sector. Winners will be announced at a ceremony to
be held on March 27, 2008 at the Royal Lancaster Hotel in London.
ActivIdentity(R) Corporation (Nasdaq: ACTI) identity solutions secure the
business of enterprise, government, healthcare, and financial services
organizations worldwide. Trusted identity is the core of the ActivIdentity
platform enabling security for data, networks, applications, passwords and
credentials, web, email and documents, transactions as well as converged
ActivIdentity solutions support the convergence of physical and logical
identity through strong authentication with smart card lifecycle management,
adding enterprise single sign on, and data encryption and digital signature.
ActivIdentity customers experience multiple benefits including increased
network security, protection against identity theft and online fraud, enhanced
workforce productivity, business process efficiencies, and regulatory
For more information, visit http://www.actividentity.com.
ActivIdentity and ActivCard are registered trademarks in the United
States and/or other countries. All other trademarks are the property of their
respective owners in the United States and/or other countries.
For further information:
For further information: Timothy Polakowski of McGrath|Power Public
Relations, +1-408-727-0351, email@example.com, for ActivIdentity
Corporation Web Site: http://www.actividentity.com