Utimaco solutions from trusted business partner – Altacom

2019-06-21
Utimaco solutions from trusted business partner – Altacom

Baltic Banking Service (BBS) continues to develop network of partnerships with technology providers to support financial service providers with the most trustful technology solutions. Altacom provides HSM (Hardware Security Module) equipment that is necessary for ensuring SEPA (Single Euro Payments Area) Instant Credit Transfer (SEPA SCT INST) security.

Altacom Director Mindaugas Bliūdžius celebrates cooperation with BBS Project Manager Tomas Šenbergas. Baltic Banking Service office.

SEPA SCT INST payments requires more attention and higher security level than typical SEPA Credit Transfer. To support this requirement of the market using certified HSM equipment is a must have by regulation. Every payment transaction will be signed at the server level. This solution is fast and secure.  Same technology can be used for the SEPA Credit Transfers too.

Altacom is an official representative of Utimaco in Lithuania, Latvia, Estonia and Finland. BBS and Altacom cooperates to support financial service providers (Payment Institutions, Electronic Money Institutions, Specialized Banks and Credit Unions) with the newest technology options for SEPA payments signature. Especially when business case requires fast and secure solution.

Altacom Director Mindaugas Bliūdžius notes, that Utimaco GmbH is a leading manufacturer of Hardware Security Modules that provide the Root of Trust to financial services, automotive industry, cloud services and the public sector and is based in Aachen, Germany. Company has been developing Hardware Security Modules since 1983. “As experienced representative of Utimaco, I can confirm, that solution will fulfill regulation requirements and the needs of BBS clients. Security is one of the key challenges in the financial service world and Utimaco technology is great to solve that”.

Altacom Director Mindaugas Bliūdžius and Project Manager Tomas Šenbergas are signing cooperation agreement to support technological needs of the BBS clients. Baltic Banking Service office.

BBS Project Manager Tomas Šenbergas express his confirmation, that BBS itself has strong experience in implementation of various solutions for financial service providers, but most popular and trusted solution is SEPA payments connection. “As technology company we can fully support the needs of the payment and banking business. With iSIgnthis group (to which BBS belongs) and third-party trusted partners we cover even specific needs of our international clients”.