The Bank of Tokyo-Mitsubishi UFJ (BTMU) has become the first Asian institution in the region to adopt the multi-bank digital identity solution 3SKey.
BTMU will initially offer SWIFT's solution to its corporate customers for transaction signing using personal signatures.
The institution selected 3SKey in response to the strong demand from clients for personal identification on file channels. The digital identity solution enables multi-bank exchange of signatures and strong user access control using a single universal token across all channels and is available to corporates from their banks.
Eiichi Kashiwagi, general manager at BTMU, said: "We are convinced that advanced controls and open international standards will benefit corporates, banks and the industry as a whole."
Alain Raes, chief executive of Asia Pacific & EMEA at SWIFT, said 3SKey's introduction in Japan is a "significant milestone" in extending the global bank readiness for the product and consolidates it further as the standard digital identity solution in the financial industry.
By Asim Shah