Security and products; leading Indian Bank to deploy Aladdin eTokens.

Aladdin Knowledge Systems Ltd. have announced that Punjab National Bank a 110-year old India-based bank with more than 4,520 branches throughout the country, has selected Aladdin eToken to protect sensitive bank and customer data accessed by its employees

The company has deployed 2,500 eToken smart card devices since November 2006, with another 5,500 slated to be deployed throughout Q2 2007. With a dominating presence throughout India and several thousand employees, Punjab National Bank (PNB) could potentially expand its eToken use to as many as 14,000 smart card tokens in coming quarters.

PNB provides a wide spectrum of services requiring powerful user authentication, including corporate and personal banking, industrial finance, agricultural finance, as well as financing of trade and international banking. eToken initially protects access to four key bank processes, including its Real Time Gross Settlement (RTGS) solution, a settlement solution to enable funds settlement across banks on real time basis; its Structured Financial Messaging System (SFMS), a SWIFT-like Messaging System which serves as a safe, secure communication carrier of intra and inter bank messages; its Multimedia Messaging Service (MMS); and eProcurement.

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