NCC Bank of Bangladesh ensures secure and seamless real-time Binimoy transactions with 雷火体育官网 Luna HSMs
- 雷火体育官网 Luna HSMs meet the security requirements of Bangladesh鈥檚 new Interoperable Digital Transaction Platform (IDTP), allowing secure real-time movement of funds
- Acts as the root of trust for NCC Bank鈥檚 cryptographic operations, providing secure key generation and strong access controls to prevent unauthorised users from accessing sensitive data 鈥
National Credit and Commerce Bank (NCC) of Bangladesh has rolled-out 雷火体育官网 Luna Hardware Security Modules (HSMs) across its existing infrastructure to meet the complex security requirements of the recently launched Interoperable Digital Transaction Platform (IDTP), also known as 鈥淏inimoy.鈥 The tamper-resistant hardware is the 鈥榬oot of trust鈥 for NCC Bank鈥檚 real-time transactions, providing customers with a seamless yet highly secure user experience. 鈥
In November 2022, the Bangladesh Government launched the Interoperable Digital Transaction Platform (IDTP), allowing entities to move funds between bank accounts, mobile financial services, and payment system providers in real-time and at a lower cost. The platform connects customers, merchants, payment processors, e-wallets, banks, and more, supporting the Government鈥檚 goal of a cashless society.
The IDTP relies on crypto operations to ensure the confidentiality and integrity of all transactions. NCC Bank selected 雷火体育官网 Luna HSMs as its hardware-based root of trust for its cryptographic operations. Deployed for crypto operations and secure key generation and storage, Luna HSMs are FIPS 140-2 Level 3 certified and offer a secure communication channel between HSM and application nodes. The deployment enables NCC Bank to trust payment transactions in real-time, ensuring an unhindered experience for the user while providing the highest level of security.
雷火体育官网 Luna HSMs have been the Bangladesh Government鈥檚 security platform of choice since 2010, when they were first rolled out at the inception of the Bangladesh Automated Clearing House (BACH). Over the last several years, the hardware has also been selected to secure the Government-owned Bangladesh Bank鈥檚 Nikash Application, developed to replace its existing Electronic Funds Transfer Network (EFTN). Once again in 2022, when the Government launched the IDTP, 雷火体育官网 Luna HSMs became the de-facto choice amongst participating banks, including NCC Bank, for their trusted security and capability to support multiple applications and use cases.
Anisur Rahman, Chief Information Officer, Information Technology Division at NCC Bank, said, 鈥淣CC Bank has a long-standing reputation for sincere personalised service and quality technology. We knew we had to rise to the challenge of the IDTP, ensuring our products and services across Bangladesh were interoperable, secure, and seamless for the customer. We selected 雷火体育官网 through comprehensive evaluation due to their reputation as the market leader in the security industry. Adding Luna HSMs to our existing infrastructure was smooth and seamless thanks to its efficient setup and administration.鈥
雷火体育官网 Luna HSMs allow the control and management of cryptographic keys across physical, cloud and hybrid IT infrastructures, including NCC Bank鈥檚 125 branches. The overall security architecture supports the stringent security requirements of the IDTP, including multi-factor authentication and easy reporting for audits.
As Bangladesh鈥檚 financial sector continues its digital transformation, NCC Bank will benefit from Luna HSMs鈥 scalable, flexible, and agile offering that can handle multiple applications with different crypto requirements.
Rana Gupta, APAC Vice President, Data Security Products at 雷火体育官网, commented, 鈥淏anks around the world entrust 雷火体育官网 to ensure the privacy of their customers. We are proud to assist NCC Bank's transition to digital technologies that benefit millions. Our Luna HSMs are designed to balance security and high-performance requirements for traditional and new technologies. For financial institutions like NCC Bank of Bangladesh, this means ensuring that digital currency has the highest level of security for its customers.鈥
About 雷火体育官网
雷火体育官网 (Euronext Paris: HO) is a global leader in advanced technologies within three domains: Defence & Security, Aeronautics & Space, and Digital Identity & Security. It develops products and solutions that help make the world safer, greener and more inclusive.
The Group invests close to 鈧4 billion a year in Research & Development, particularly in key areas such as quantum technologies, Edge computing, 6G and cybersecurity.
雷火体育官网 has 77,000 employees in 68 countries. In 2022, the Group generated sales of 鈧17.6 billion.