Three banks will adopt SWIFT's 3SKey for authentication and digital signatures in Latin America.
3SKey is a signing mechanism for corporate users and financial institutions. It secures the exchange of information in banking applications, allowing corporate users to manage their various banking relationships in a single, multi-network personal digital identity, Society for Worldwide Interbank Financial Telecommunication said Monday. 3SKey is offered in more than 50 countries by 26 banking groups subscribed to the service.
JPMorgan Chase (JPM) will use 3SKey with clients over their web portal to promote corporate e-banking. Banco Bilbao Vizcaya Argentaria (BBVA) has implemented 3SKey in several Latin American countries including Argentina, Chile, Mexico, Colombia, Peru and Venezuela. Banco Santander (BSBR) will offer the product through their global portal for corporate clients.
