Standard Chartered and IBJ go live with Identrus system

Banks to increase Asian coverage of network that uses digital certificates and public key infrastructure to increase trust and security in online business.

Industrial Bank of Japan IBJ, a subsidiary of Mizuho Holdings, and Standard Chartered are the latest banks to begin using the Identrus global trust network to conduct secure business exchanges with corporate customers over the Internet. Both began issuing digital certificates in recent weeks after passing rigorous technical, regulatory and business process audits to join the network of deployed Identrus financial institutions worldwide, which now number eleven.

Now that it can enable them with high-level security, Standard Chartered is moving many of its services onto the internet, including payment initiation, collections, foreign exchange and custody services.

Over the next few months, Standard Chartered will be conducting pilots with several prominent corporate customers and will...

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