The financial services sector has, and continues to be, under intense pressure to comply with a myriad of legislative regulations which stipulate that all communication containing personal information needs to be protected. These restrictions in effect have meant that confidential information has often tended to be exchanged by either fax or post. However, both processes have been proving to be increasingly costly and inefficient, not to mention the growing concerns over their inherent security.
With financial services keen to adopt electronic business processes, Origo identified the need to introduce secure e-mail services and underwent a thorough evaluation process of potential technology suppliers. After an intense due diligence process Origo chose Trend Micro and subsequently launched a pilot programme earlier this year to run encryption-based e-mail services for two of the leading UK life and pension companies Norwich Union and Skandia, with their networks of independent financial advisors (IFAs).
âTraditional email and paper-based communications are no longer sufficient or cost effective. By deploying Trend Micro Email Encryption, financial organisations and IFAs can feel confident that emails containing sensitive data are communicated in a cost-effective, fast and most importantly secure way,â says Paul Pettitt, Managing Director at Origo.
The pilot is proving to be successful so Origo are now proceeding with its plans to launch a full scale industry solution.
Utilising Trend Micro Email Encryption suite of products, Norwich Union and Skandia are able to adhere to their compliance requirements while ensuring that confidential information is delivered securely. Trend Micro Email Encryption uses advanced encryption technology to protect sensitive data, allowing the secure delivery of information to anyone with an e-mail address.
âIn industries, such as finance, regulations are increasingly requiring e-mail encryption. The partnership between Origo and Trend Micro brings together our expertise in facilitating secure digital communications with Origoâs understanding of the needs of financial services and independent financial advisorsâ, says Anthony OâMara, Vice President of EMEA at Trend Micro.
Anthony Scammell, Head of E-Business at Skandia commented that Origo are well positioned to launch and maintain a secure mail service for the industry. âOrigo has a strong presence with IFAs and distributors due to their Unipass service. This, combined with Trend Micro's best of breed Identity-Based Encryption technology, will enable us to communicate with our partners securely and efficiently during the initial pilot phase.â