Secure Communications for Banking and Financial Industry

The Introduction:

Every minute if not seconds, there are tens of thousands of transaction happening from a bank, either clients transacting offline with cash, bank cheques deposits/withdrawal via banks or online banking with the convenience of sitting at one’s home or office. In either of the scenarios, an enormous core banking software resides in a data centre, seamlessly updating the databases of client accounts the moment a transactions takes place from every corner of the globe.

Suggested Products:

Tsunami® MP-10100L Series Tsunami® QB-10100L Series

The Challenge:

To facilitate such mammoth updates round the clock, banks require not just a high computing banking solutions but reliable and high bandwidth communication lines, to connect the various banks, branches, regional offices, ATMs and other point of transactions. This generally implies trenching and laying down fiber lines which are cost ineffective, not to mention the time spent, hindering the market penetration pace of a bank, which is a basic necessity in highly competitive market where presence and penetration decides the returns.

The Solution:

With Proxim wireless solutions, Banks and financial institutions can now scale and reach geographies with ease and within no time .Proxim’s point to point and multipoint solutions provides broadband speeds in excess of 4G throughput speeds and high uptime ensuring a congestion free and reliable network of banks, its branches and ATMs. Besides all the benefits, it all boils down to one fundamental question:

Is a wireless connection secure?
Proxim uses superior encryption algorithms to secure communication lines. The most widely algorithm used by Proxim is the is the AES -128 or Advanced Encryption Standard, ratified by the National Institute of Standards and Technology, it is a secure 128 bit key standard, which simply means that it would take 2 128 operations or 340,282,366,920,938,463,46 3,374,607,431,768,211,456 turns to decipher the message for an unauthorized user which is widely known to be out of reach even for the contemporary computing techniques. In addition to this operating within a licensed frequency enhances the security level.