Project eBanking solution

These days bank growth is closely linked to online banking. Customers prefer e-banking because it is more flexible than operations in the bank branches or phone banking, and it offers banks the opportunity for growth and cost savings. However, e-banking depends on secure identification and user trust. 

Tallinn Business Bank ÄRIPANK (TBB) is the first bank to gain access to Todos A300, and by doing so reinforces its intention to be among the leading online banks in Estonia.

Todos A300 is the Swedish IT-security vendor’s latest product, and it benefits from unique technologies such as Secure Domain Separation and Dynamic Signatures capability, packed in a sleek Scandinavian-designed device. These intuitive features have already been proven to increase user-friendliness and security for millions of e-bankers around the world depending on Todos AB to establish the presence of trust in each and every transaction, signature, and online purchase. 

The device, which was recently launched with the slogan “Innovative design – from the inside out”, is a CAP/EMV standards-compliant smart card reader, which allows TBB to leverage on their already rolled-out smart cards. The bank currently issues two types of MasterCard/Cirrus debit card, as well as three different types of MasterCard credit cards. With A300 in place, the bank can offer their customers access to the e-Bank’s services regardless of which of their cards they use to authenticate themselves with. 

“We took a strategic decision to offer our customers a very high level of security and user-friendliness in e-banking in no time,” says Leonid Orehhov, IT Director at TBB. “The choice of Todos and our A300 underlines the bank’s desire to stay ahead. And we would like to thank X InfoTech Ltd., which helped us with fast and efficient project implementation.”

"We see the decision of Tallinn Business Bank to use the Todos authentication solution as an important tool to increase the level of security and customer confidence, to grow the number of online operations. The implemented solution added further depth to the value provided by the bank to the end-users," stated Vadims Teresko, X InfoTech Ltd. board member. With security mandates and concerns now affecting even smaller banks, a secure, easily deployed, cost-effective solution - like Todos eCode system - has real appeal to us, and Tallinn Business Bank as our customer." 

Tallinn Business Bank Group consists of Tallinn Business Bank Ltd. and its subsidiaries, TBB Liisingu AS (Tallinn Business Bank, Leasing) and TBB Invest AS (Tallinn Business Bank, Real Estate). Tallinn Business Bank was founded in December of 1991, and at present it is one of the oldest commercial banks operating in the Estonian Republic, with both legal entities and private individuals amongst the bank’s shareholders. More information can be found at the web page: www.tbb.ee.

Todos Data System AB (Todos) designs, develops, delivers, and supports user-friendly, secure, and cost-efficient security solutions for e-banking and e-Commerce. By delivering products and services to 100+ international financial institutions worldwide, Todos has established itself as a leading provider of strong authentication in more than 30 countries. More information can be found at the web page: www.todos.se.

X InfoTech is a system integrator working within the finance and government sectors focusing on smart cards and uniting IT professionals and top-level business consultants. X InfoTech’s mission is to provide their clients with access to superior knowledge, experience and solutions that will allow them successfully move towards leading positions within their respective fields. More information can be found at the web page: www.x-infotech.com.