News
18/01/2010
CODEL PARTNERS WITH BT FOR A NEW FULLY MANAGED IDENTITY SERVICE KNOWN AS FEDCORE
In a bold bid to mark out its Web 2.0 territory, BT is launching a new service that allows businesses to find and interact safely with customers through the internet.
In a bold bid to mark out its Web 2.0 territory, BT is launching a new service that allows businesses to find and interact safely with customers through the internet.
This revolutionary service, known as the ‘Federation Core' (FedCore), has two cornerstones of security - strong electronic identity and notarisation. Strong ID gives the necessary ground truth upon which all internet interactions must be based and ‘notarisation', provided by Codel, is the use of an independent trusted third party to prove the integrity of transactions.
BT anticipates that all paper-free, web-based financial services applications will eventually employ these two components. To demonstrate this, it is incorporating ‘FedCore' into two new applications as a collaboration with three of its financial services customers.
The first is a networking application for financial services known as ‘I-click' which features directory services, instant messaging, voice, conferencing and a document exchange, which could be used by businesses for the creation of secure transactional environments with their customers.
The second example of this is an IP based trading platform for market traders known as Itrader. This has rapid, ‘notarised', trading channels such as instant messaging. It also presents financial market information ‘feeds', which may be notarised, from all the established information providers such as Reuters and Bloomberg. This provides evidential support in the run up to a trade and removes the compliance barriers to all-electronic trading platforms.
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