Cash And Trade Magazine For Cash and Trade professionals in the Middle East
Dubai, September 18th, 2013
SOCIETE GENERALE EXTENDS AVAILABILITY OF SWIFT’S 3SKEY TO 90 COUNTRIES ON SOGECASH WEB
The Global Transaction Banking division at Societe Generale announced today that it has made SWIFT’s digital identity solution, 3SKey, available in 90 countries on its international cash management web portal, Sogecash Web.
3Skey, which was originally implemented in 2010 for payments requiring personal signatures sent over SWIFTNet, has been successfully implemented by Societe Generale to provide secure login authentication services online.
It provides a simplified authentication and signing mechanism for corporates and enables users to manage their various banking relationships using a single solution. It reduces the complexity of managing several accounts with multiple financial institutions and harmonises payment processes.
Following an initial roll-out in Europe by Societe Generale, 3SKey is now used by more than 2,200 customers on its Sogecash Web. Customers have welcomed its adoption, praised the smooth changeover process and the simplicity of use.
Looking ahead, Societe Generale anticipates that clients will want to move from a bank proprietary solution to a universal, multi-bank, multi-network digital identity solution, and that 3SKey will become the industry standard.
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