South Africa's Nedbank plans to deploy digital security firm Gemalto's Ezio e-Banking solution.

In a statement, Nedbank said its move to deploy an outsourced banking solution is to provide their wholesale customers with unmatched online transaction security and superior convenience.

Using Gemalto's e-Banking solution means that Nedbank users simply connect a USB key, which launches a “safe zone” that permits them to securely review, approve and digitally sign all types of transactions in a protected online environment.

“We have implemented and operated Gemalto’s PKI solutions for over ten years, with a very high level of success in providing secure electronic banking solutions,” said Fred Swanepoel, chief information officer at Nedbank.  

Swanepoel explained, “In an effort to offer best-in-class Wholesale Banking solutions to our business customers, we have deployed Gemalto’s brand new PKI solution, launched as the Plug and Transact TokenTM, to differentiate ourselves from our competitors by offering secure solutions with enhanced client usability as well improved tracking and business information.”

Håkan Nordfjell, senior vice president for e-Banking and e-Commerce at Gemalto added,“By outsourcing its entire token management system, Nedbank benefits from significant cost reduction in terms of initial investment and running expenses compared to an in-house solution.”