Banco Sabadell pioneers the acceptance of electronic DNIs in its internet banking system
10/17/2006
- Customers may use their electronic DNI (national ID document) to identify themselves and perform queries via the BS Online internet banking services
- In the medium term, electronic DNIs will be accepted for the purposes of transaction signatures and the remote contracting of financial products and services
Banco Sabadell has become the first bank to accept electronic DNIs (national ID documents) in its internet banking services (BS Online). Customers of the bank who have an electronic DNI can now identify themselves and consult their accounts by simply using a reader and their electronic document.
Banco Sabadell has two aims in adding this new identification system to its BS Online service. The first is to render its distance banking services more robust through the use of digital certificates. Access by means of certificates, as an alternative mechanism to a username and password, will make it possible to prevent potential cases of phishing and other IT crimes of which the bank’s customers may be victims. Secondly, the bank is beginning to pave the way for transaction signatures and the contracting of financial products and services by means of a recognised electronic signature.
Banco Sabadell already broke new ground in using digital certificates to identify its customers back in 2001. As a result of that experience and its state-of-the-art technological platform, it has been possible to integrate electronic DNIs into its internet banking services in a very short time. Furthermore, the bank has been assisted by netfocus, a company that specialises in incorporating electronic signatures into business processes.
According to Miquel Montes, Banco Sabadell's general manager, "the implementation of reliable means of authentication is in tune with our initiatives geared to generating an environment of digital trust with our customers. The emergence of this new mechanism opens the door to a wide range of innovative possibilities, which Banco Sabadell is constantly analysing".
The bank is also working on the integration of electronic DNIs into other environments for internal use, such as employee identification within its corporate systems.
About Banco Sabadell
Banco Sabadell, a company quoted on the IBEX 35, heads Spain’s fourth-ranked banking group, which, besides the Bank itself, comprises various companies, subsidiaries and holdings.
With total assets worth in excess of 60 billion euros and a market capitalisation of over 8.7 billion euros, Banco Sabadell currently employs more than 9,500 people, most of whom work to cater for the financial needs of professionals, small and medium-sized companies, and individuals in the medium and high income brackets. To that end, the Bank boasts an extensive commercial range that encompasses multiple brands and channels, and which, historically, has always been notable for its capacity for innovation and its intensive use of information technologies.
There are currently considerably more than 1,100 branches in the commercial network of Banco Sabadell and its group, enabling the financial institution to be present throughout Spain and in a further 20 countries.
- More information: http://www.bancosabadell.com