Martynas Rajunčius describes the steps that helped the Bank of Lithuania to open up their infrastructure to payment services for banks and non-banks under PSD2 frame. What Rajunčius describes in clear technical words could become a game changer in the European financial market – increasing value proposition and strengthening the European Single Market. See how Rajunčius and his colleagues started a chain reaction and why service providers such as Google Pay are among the first adopters of CENTROlink.
Bank of Lithuania, the Central Bank of Lithuania, introduced the payment system CENTROlink, allowing fintech companies to connect to their payment system. It gradually emerged into an environment where payment institutions and fintechs from all over the EU countries and beyond can join. This way, they created a very fintech friendly environment.
Companies appreciate CENTROlink, which is offering all ranges of SEPA products including: SEPA credit transfer, debit and instant payments.
For instant payments, payment service providers need to implement HSM solutions. In response, central bank created not only a fintech-friendly system, but also an environment providing the HSM architecture required – insuring the quality and speed needed to maintain and provide cutting edge instant payment services.
Utimaco is proud to be the HSM provider, allowing through economical, FIPS 140-2 Level 3 and 4 hardware security modules a speedy infrastructure with banking-grade security.
And last but not least – providing scope for growth and new features, allowing Bank of Lithuania and their ecosystem of fintechs to follow their quest to reshape the European financial landscape.
We at Utimaco have the honor to work with some of the leading researchers in cryptography, who use our Hardware Security Modules.
The ultimate goal is to prepare:
In the context of Utimaco’s Applied Crypto Symposium we had the chance to interview three of the leading researchers, and to dive into their views and research agenda on post-quantum cryptography.
In a 2nd video post, Madjid Nakhjiri, Senior Principal Security Architect at the Samsung Strategy and Innovation Center builds on Michele’s statements and describes PQC from a major industry player’s point of view. Samsung is a major player in the global B2C communication and entertainment industry. Connected devices are key to their future evolution. How will they handle it. See the video
In the third video, Sandy Carielli, Security Technologies Director at Entrust Datacard provides the perspective of a major security company. How can cards be made post-quantum proof and what may be their role in the post-quantum era. See the video.
In this fourth video, Martynas Rajuncius, Advisor to the Director at Bank of Lithuania sketches the playing field for a win-win collaboration of banks, fintechs and the benefiting end-user. Rajuncius broadens the scope , from a post-quantum focus in the initial posts to disruptive financial value chains in compliance to PSD2.
The posts are accompanied by discussions of NIST’s “semifinal” selection of post-quantum algorithms. The discussions will be led by security experts such as Peter Smirnoff, co-developer of the latest release of the GOST hash function or IT-journalist Terry Anton.
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