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Sovereign Trust Platform for
Financial services increases profitability by reducing
the costs, risk and time associated with compliance
and provides Platform
and Client solutions for authenticating and protecting the confidentiality of electronic transactions.
With Sovereign your organization
can easily create a trusted network, consisting of a
formalized set of:
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Security services
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Public Keys and digital
certificates that provide electronic identification of
parties on the Internet (trust)
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Rules and processes that
determine how Sovereign is operated and who can
participate in a Sovereign Trust Zone
Example: Your
organization runs extensive networks of suppliers and
sub-contractors, which you manage via the exchange of hard
copy orders or paper-based contracts (fax, telex post).
By implementing Authora's Sovereign platform, workflow such as contracts, orders, etc.
can be exchanged securely and electronically online. This reduces costs in
operational efficiency. Here's how it works:
- Your company implements
Authora Sovereign to enroll and issue encryption
keys and trust agents
(software extensions of your Authora Sovereign to use for
encryption, decryption, and digital signatures) to its partners, vendors and customers.
- Each public encryption key
or "certificate" is authenticated on your corporate term/
based on your risk management policies.
- Information can now be
transferred within your community, in a manner that is
secure, trusted, authenticated and supported by legal
status.
- If any transaction carried
out in this e-community was the subject of disagreement,
relevant data sent with a digital signature attached could
provide for evidence in a court of law.
In addition, there are
customer-facing functions that can be extended, such as
financial institutions supplying mortgages to new or existing
customers, which can also benefit from a Authora Sovereign.
Such relationships demand a high level of trust,
authentication and legal defensibility. Trust agents work with
any web-form and most e-mail systems so those enrolled in your
trust zone can digitally sign and encrypt confidential forms.
Authora Sovereign enables
an organization to deploy trust models online, by seamlessly
and transparently duplicating the pre-requisites of real world
business trust models which have been established over
centuries in the physical world—authentication,
security and legal status. Authora Sovereign can be used
to secure (put digital envelopes on) information
transferred over the Internet and authenticate the identity of
the parties involved in an electronic transaction (with a
digital signature).
Digital Identity Management
Digital certificates/public keys are a way of establishing and
demonstrating the identity of a person or entity (e.g.
computer or server) on the Internet. Like traditional
signature cards used in banks, digital
certificates/public keys contain information about an individual that has
been verified by your organization based on your organizations
risk management policies.
Authora Sovereign leverages
established trusted relationships and extends their existing
value onto the Internet. Authora Sovereign can enable
well-defined real world business functions, services or
trading to be extended onto the Internet through the
provision of trust, security and legal status. |
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