Cash And Trade Magazine For Cash and Trade professionals in the Middle East
The Managed secure Messaging service provided by British Telecommunications (BT) is now available to fi nancial institutions in the Middle east. The service allows the fi nancial community to exchange messages securely, reliably and in a non-repudiable manner over BT private networks and the internet for all of its business activities. The service is designed to meet the security requirements of the region’s banks, clearing houses and securities depositories as well as corporate treasurers.
The service can help cut costs by increasing the automation of message processing, reducing messaging failures and the manual administrative expense of correcting them. By ensuring that a message is secure, tamper-free and delivered in a non-repudiable manner, users can have confi dence that messages sent and received remain unchanged and confi dential.
BT’s Managed secure Messaging service is said to be unlike many other messaging services. It records that each message has been sent and received, and informs both parties that it has been delivered correctly. BT-supplied hardware or soft ware gateways at both sending and receiving ends ensure that messages are encrypted, kept secure and intrusion-free.
Waelel Kabbany, managing director, BT Middle east and north africa, said, “The need for secure, tamper-proof and non-repudiable messaging between parties in fi nancial transactions continues to grow. BT’s Managed secure Messaging service enables organisations to reduce their failure rates, reduce the costs of correcting those failures, and increase service levels to their customers.
It is a single messaging tool that allows customers to communicate with everyone across their business community. We strongly believe that this new service adds great value to our BT radianz Community.”
BT has provided customised managed secure messaging services for individual organisations in the financial sector since 1996. each day these services deliver messages, eff ectively transferring hundreds of billions of pounds, securely, reliably and in a non-repudiable manner with no messages lost.
