banking and financial services

Banking and financial services including payment

The payment, banking and financial services landscape is changing. Online banking and mobile payment is growing. Both Fintech and established players are setting the pace in innovation, redefining regulation and their own business models. The race for owning the customer relationship is on – whether in the car, the mobile phone, the city infrastructure or the insurance app. At the same time, investments in digital infrastructure are significant – both in terms of financial investment and talent.

To secure their competitiveness, players in the banking and financial services industry will look for IT security vendors that can help them compete. HSMs will remain one of the backbones of the industry – both to secure general purpose functions like card issuance and payment transactions or customer data in the cloud. To support customers and partners, Utimaco now offers both – general purpose HSMs and payment HSMs – based on the same technology platform to ensure efficiencies can be captured easily.

Securing payment transactions, identities, personal data and the cloud

The world of payments and finance has changed dramatically in the last 10 years, and much more change is coming.

New Fintech companies are challenging the established and trusted banking organizations, and indeed challenging the establishment itself. In this ever-changing turbulence, there are some absolute constants:

• Identity security – from issuance to use as authentication, identities must have security that reflects their intrinsic value and the risk that is associated with their use
• Transactions must be protected in accordance both with the requirements laid out by the governing bodies and with the value of each and aggregated transactions
• Personal data must be protected in accordance with both industry governance and local law
• And last but not least: any data at rest and in motion in or into the cloud needs to be secured

Cryptography is the single underlying technology that delivers these requirements, and Hardware Security Modules (HSMs) are the custodians of trust for cryptography, holding highly sensitive key material, processing transactions and generating, issuing and validating identities and payment cards.

Utimaco offering: general purpose and payment HSMs

Utimaco supplies HSMs that support traditional payment interfaces required in the payment processing ecosystem. They support the creation of dedicated firmware for payment interfaces, general purpose interfaces and the creation of dedicated specific algorithms. They also support general purpose interfaces used by external applications that may be supplied by an external technology vendor or are written in-house. Click here to learn more about the Utimaco PaymentServer HSM and the Utimaco SecurityServer general purpose HSM.

Utimaco is the only vendor who supports all of the requirements simultaneously in a single appliance, along with a simulator to support developers and integrators in the early stages of a deployment.

Utimaco truly is the HSM of choice for flexibility and cost efficiency for all applications in the payment and finance industry, from startup to global institutions.

Please use the below contact form or send us an e-mail at hsm@utimaco.com if you want to know more about our offering.