Deutsche Bank streamlines secure online authentication for corporate clients

Published 

Deutsche Bank’s Global Transaction Banking division is extending the use of SWIFT’s 3SKey service to provide a complete single token service for secure customer authentication on its Autobahn App Market, Deutsche Bank’s electronic product offering providing direct online access to Bank-wide services in a single location. SWIFT’s 3SKey is a multi-bank personal identity token using digital signatures and strong authentication. It can be used on any banking channel and allows corporates to securely log in to online banking applications and sign financial transactions sent to their banks using a single device.

Individual identification for corporates using online banking is a necessity, and this has traditionally been achieved through the use of multiple proprietary signature tools for each different bank. The access control can differ greatly among banks, each using their own tools with varying levels of authentication and workflows. As treasurers often work with a large number of banks, they need to deal with many different authentication methods and passwords to login and authorise orders for online banking transactions. A response to these challenges is SWIFT 3SKey.

Michael Spiegel, Global Head of Trade Finance & Cash Management Corporates at Deutsche Bank said: “We are increasingly seeing new entrants – including non-banks – at different stages of the wholesale banking value chain. Offering market leading solutions and improving the corporate client experience is therefore key in maintaining our leading edge. At the same time, through SWIFT 3SKey, we continue to meet the highest security standards.”

David Watson, Global Head of Global Transaction Banking Cross-Product Components and Regional Head of Product Management Americas at Deutsche Bank added: “3SKey is an excellent example of SWIFT providing collaborative market solutions supporting robust security standards for confirming a person’s identity with a one bank-agnostic high-security device. Supporting 3SKey allows us to leverage current industry trends and brings tangible benefits to our online clients. It is therefore a logical next step to extend 3SKey beyond SWIFT and EBICS France to our global Autobahn App Market, providing access to more than 180 applications across Deutsche Bank´s electronic products and services.”

André Casterman, Global Head of Corporate and Trade Markets at SWIFT concluded: “3SKey brings multi-banking to identity management. Rather than having to carry a bag of bank-specific tokens, corporate treasurers can now greatly benefit from SWIFT’s multi-bank 3SKey technology by having one single token. After a successful launch of 3SKey for personal signing of files in 2013, Deutsche Bank proves again its leadership in embracing SWIFT’s multi-banking solutions at a global level by extending their use of 3SKey to user authentication on their Autobahn App Market.”

Most recent episodes

£15 Billion Stimulus Pumped into UK Economy to Ward Off Recession Fears

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 7th June...

04:44

Advantage Treasury

Eleanor Hill is joined in the virtual TreasuryCast studio by Nicolas Cailly and Philippe Penichou (Societe Generale) to look at treasury trend predictions for the remainder of 2022, with a particular focus on virtual accounts. In this deep dive into current and future treasury priorities, our guests...

24:22

40th Annual New York Cash Exchange: What Can Treasurers Expect?

Ahead of the 40th annual New York Cash Exchange, two of TMANY's distinguished board members, David Miller and Timothy T. Hesler, CTP, provide TMI CEO, Robin Page, with a quickfire rundown of what attendees can expect from this year’s conference. Our guests share their aspirations for the event, explain...

09:58

Expectation-Beating Inflation Prints Ratchet Up Pressure on Monetary Policy

Welcome to the third edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 9th May...

04:48

Making the Sustainable Transition: A Roadmap to ESG in Treasury

Over the last 18 months, Societe Generale has experienced a steady increase in requests from their corporate clients to integrate ESG features in treasury management.  Louis-David Rouyer, Philippe Pougeard, and Emmanuelle Petelle (Societe Generale) provide TMI's Eleanor Hill with a whistlestop run...

22:24

Lift Off for Fed Rate Rises

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 5th of...

04:58

Treasury in 2022 and Beyond

Industry experts Bob Stark (Kyriba) and Sebastian di Paola (PwC) join TMI's Editor, Eleanor Hill, to explore the very latest treasury trends - and to discuss how smart treasurers can get ahead of th...

43:21

How BearingPoint Harnessed Data-Driven Forecasting with CashAnalytics and SAP

Listen back to our recent forecasting masterclass, where Group Treasurer Eveline Stam, and Conor Deegan (CashAnalytics) provided TMI's Eleanor Hill with a comprehensive overview of how consultancy firm BearingPoint achieved company-wide cash forecasting nirvana by combining specialist solutions from...

37:14

The 3 T’s of The Future: Tech, Treasury, and Transformation

Over the past two years, an increasingly dynamic environment has not only accelerated technology development – from quantum computing to blockchain technology, and even the metaverse – but also technology adoption, bridging colleagues and breaking down silos in a remote work world. In this podcast,...

44:02

Monetary Policy Continues to Drive Markets as Ukraine Invasion Weighs on March Meetings

Welcome to the second edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 3rd of...

05:25