VASCO Data Security International, Inc. (Nasdaq: VDSI), the global number one vendor of strong user authentication products, today announced that Reliance Money, the financial solutions arm of Reliance Capital, trusts on VASCO's Digipass GO3 and VACMAN Controller strong authentication to secure its online users. Reliance Money is deploying two million units of VASCO's renowned Digipass GO3 client authentication device.
Reliance Money is a group company of Reliance Capital; one of India's leading and fastest growing private sector financial services companies, ranking among the top 3 private sector financial services and banking companies, in terms of net worth. Reliance Capital is a part of the Reliance Anil Dhirubhai Ambani Group.
Reliance Money is a comprehensive electronic transaction platform offering a wide range of asset classes. Its endeavor is to change the way India transacts in financial markets and avails financial services. Reliance Money is a single window, enabling one to access, amongst others in Equities, Equity & Commodities Derivatives, Mutual Funds, IPOs and Life & General Insurance products, Offshore Investments and Credit Cards.
"We want to congratulate Reliance Money for their visionary approach of online customer security," said Jan Valcke, VASCO's President and COO. "We are happy to be offering the best of technology to the Indian users through our relationship with Reliance Money. We are convinced that our partnership will result in a more secure financial transaction environment for citizens and companies in India."
"VASCO's Digipass will act as a 3rd level of security on Reliance Money website and safeguard its customers' funds from hackers and phishing. The customer in addition to his username and password will be required to type the number being flashed on his personalized digital token at that given point in time, thus providing him with a unique, foolproof login system. This is in line with Reliance Money commitment to provide convenient, secure and economical solutions platform to our customer", said Sudip Bandyopadhyay, CEO, Reliance Money.