National Credit and Commerce Bank (NCC) of Bangladesh has rolled-out Thales Luna Hardware Security Modules (HSMs) across its existing infrastructure to meet the complex security requirements of the recently launched Interoperable Digital Transaction Platform (IDTP), also known as "Binimoy." The tamper-resistant hardware is the 'root of trust' for NCC Bank's real-time transactions, providing customers with a seamless yet highly secure user experience.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230718959340/en/
Mr. Anisur Rahman Chief Information Officer (CIO), Information Technology Division at NCC Bank (Photo: Thales)
In November 2022, the Bangladesh Government launched the Interoperable Digital Transaction Platform (IDTP), allowing entities to move funds between bank accounts, mobile financial services, and payment system providers in real-time and at a lower cost. The platform connects customers, merchants, payment processors, e-wallets, banks, and more, supporting the Government's goal of a cashless society.
The IDTP relies on crypto operations to ensure the confidentiality and integrity of all transactions. NCC Bank selected Thales Luna HSMs as its hardware-based root of trust for its cryptographic operations. Deployed for crypto operations and secure key generation and storage, Luna HSMs are FIPS 140-2 Level 3 certified and offer a secure communication channel between HSM and application nodes. The deployment enables NCC Bank to trust payment transactions in real-time, ensuring an unhindered experience for the user while providing the highest level of security.
Thales Luna HSMs have been the Bangladesh Government's security platform of choice since 2010, when they were first rolled out at the inception of the Bangladesh Automated Clearing House (BACH). Over the last several years, the hardware ..
Support the originator by clicking the read the rest link below.
