MoneyWorks4Me

Yes Bank partners FortyTwo42 Labs to implement Cyber Security Solution

15 Dec 2016 Evaluate

Yes Bank has collaborated with FortyTwo42 Labs, a Global Cyber Security Research Lab setup in India (Vizag and Pune) and Israel (Tel Aviv) as a co-innovation partner for developing next generation Fintech and Cybersecurity Solutions.

One of the first innovations, the PI-CONTROL Platform that Yes Bank has jointly developed with FortyTwo42 Labs is being rolled out in the next few weeks. The solution has the capability to provide ‘real time cryptographic digital transaction signing’ at massive scale. This is a first of its kind solution.

Yes Bank is planning to use this solution as a multiple factor authentication for ALL online channels including API, and has an exclusive tie up with FT42 for the same, as part of its ART (Alliances & Relationships for Technology led Innovation) strategy.

Peers
Company Name CMP
HDFC Bank 705.00
ICICI Bank 1333.00
Axis Bank 1223.95
Kotak Mahindra Bank 416.30
Indusind Bank 882.30
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