Instant Financial Messaging System (IFMS) for Banking

Instant Financial Messaging System (IFMS)

In the last decade, technology has changed the very face of banking, making Anytime, Anywhere Banking a reality. While IT enables innovation and high efficiency, it exposes businesses to several e-vulnerabilities. They need to secure their processes in order to unleash IT power for sustained growth and productivity. There has been a radical movement to deploy financial messaging system in the banking sector. Globarena responds to this call with its novel solution - Digilox IFMS.

Digilox IFMS has been developed using Globarena's patent-pending security technology. It facilitates creation of digital message that, after authorization, may be communicated between entities; say the branches of a bank. With IFMS the process of coding a message according to SWIFT Standard is automated. All types of messages including telegraphic transfers, short credittransfers, scanned documents, irrespective of the format, may be exchanged between branches at the highest security levels.

E-Vulnerabilities:

		Unauthorized parties accessing current/archived financial information
		Authorized person denying communicating with unauthorized parties
		Unauthorized person/machine impersonating authorized person/machine
		Intruders observing communication of confidential information

Why IFMS is absolutely secure:

Expert bankers, who paid very close attention to the banking process, built Digilox IFMS. While addressing e-vulnerabilities, IFMS meets all the requirements of an ideal messaging system and more.

The components of our Digital e-Security that have been incorporated in this product include:

Tying the digital content and/or a communication channel to a specific computer, through the use of patent-pending system signature extraction. This ensures the authenticity of the communicating machines.
Event-driven or continuous biometric authentication of the user. This ensures that only authorized users perform authorized functions like creation, verification, sending, or receiving messages.
Virtually impregnable encryption: Digilox IFMS uses 448-bit symmetric key encryption incorporating the Blowfish Algorithm or 256-bit Rijndael Encryption. They excryption and decryption speeds are extremely high to prevent any overhead in the system.
An automatic foolproof framework of acknowledgements. The system has provision for complete auditing, logging, time stamping and warehousing of messages.
Tamperproof archiving. Secure backup and archiving enable protection from disgruntled internal staff.
Secure Content Management System. This comprehensive component enforces access restrictions, version control, and usage monitoring of content on standalone or networked computers.