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e-Banking

Electronic banking or e-banking is the process by which a customer can perform banking transactions electronically without physically visiting the banks or financial institutions.

e-banking or online banking is a powerful "value added" tool to attract and retain new customers while it helps to eliminate costly paper handling and teller interactions in an increasingly competitive banking environment. Trust factor values high in implementing such kind of service and so higher priority is given to the security infrastructure.

e-banking should have full proof security infrastructure in place which will satisfy the following criterion,

Infrastructure to ensure the integrity of data transactions, records and information.

Providing customers with reliable services and protecting customer data.

Authenticate users in e-banking transactions, insulating both the bank and its customer from repudiation, where one party on either side of a transaction denies having received the data.

Extensive research and development at E-Lock, we have developed online solutions that integrate into the present e-banking applications and provide the necessary data integrity, authentication, non-repudiation and confidentiality to the content and transactions involved in this process.

E-Lock has the modular approach for the ease of integration. This modular approach of E- Lock's digital signing and encryption solution enables easy integration into e-banking application without disturbing the current workflow and making them secure, trustworthy, authentic, compliant and cost effective. The solutions developed by E-Lock are compliant with the worldwide e-signature legislations

How can E-Lock solutions integrate in the e-banking application making it more proficient:

E-Lock solution can be used to digitally sign the bank statements/reports that are sent to the customers in bulk, encrypt them, and send them via email to the customers at a time. The data is encrypted and decryption password is only provided to the customer keeping the privacy of the statements/reports and integrity of the data intact. Presently the ABN AMRO is using the E-Lock solution for digitally signing the customer account statements, which are encrypted and emailed to the customers in bulk.

E-Lock solutions can be integrated as online forms like loan applications, and other request forms, which enable the applicants to sign the data, provided by them digitally and submit it to the bank. This data is first verified and authenticated at the server and further transferred to the concerned department for processing; this overcomes the constraint of physically visiting the banks for this purpose and makes the process faster and convenient for the bank as well as customer increasing the efficiency and good will for the banks. Presently Commercial Bank of Romania is using the E-Lock FormSeal as an online form signing solution for verifying & authenticating the loan applications online and approving the loan requests.

E-Lock digital signing solutions can be customized according to the requirements and easily integrate with the present e-banking solution for faster and effective customer service which will provide an edge over the competition.