Wave Systems Corp. (fka WAVXQ)

[Countryboy]

Safend and large world bank.

Perhaps Citi?

Safend helps secure one of the world’s largest banks and meets all security regulations

The Organization.

This top 100 developing world bank has a strong deposit franchise, the second largest retail deposit base, a client-centric wholesale and retail franchise and a substantial and growing wealth management offering. The group offers a wide range of wholesale and retail banking and works in more than 550 locations.

The Challenge.

Working with the bank – one of the largest financial institutions in South Africa – involved an extensive design implementation and deployment of its enterprise-wide security strategy and framework solutions. During implementation and deployment, Safend had to ensure that the organization was kept abreast of global threats and vulnerabilities. Focused on southern Africa, but with an aspiration to grow its business reach across the whole African continent, the bank is positioned as a bank for all – from both a retail and a wholesale banking perspective.

In 2009, the bank employed more than 22,000 people. Having multiple businesses in multiple countries, it was met with regulatory challenges. With the goal to be ready for the 2011 South African mandatory enforcement on regulations, including the 7th Principle, as well as comply with US and UK regulations, the bank needed to design, implement and deploy an enterprise-wide security strategy and framework solution.

The bank looked to products that could help organizations safeguard their intellectual property and customers’ critical data persistently – both inside and outside the company – and meet the new regulations. The challenges that the bank faced for endpoint threats in particular included: hardware key loggers, dual homing of endpoint (network bridging), port management and monitoring of USB, RW DVD, external hard drives and SD cards. Not only did their removable media (USB, VDC and external hard drives) lack encryption, but they also faced the threat of malicious code spreading via autorun. Finally, the biggest threat was information leakage at the endpoint.

The Solution.

The bank chose Safend’s Data Protection Suite for their security needs – particularly for information leakage protection. Safend was able to provide key logger notification for the bank. It also prevented network bridging by blocking WiFi, Bluetooth, modems or IrDA. The Safend Data Protection Suite delivers a comprehensive solution that allows for complete visibility, control and protection of enterprise endpoints throughout the bank. Safend Data Protection Suite is intuitive to manage, almost impossible to circumvent, and guarantees connectivity and productivity, without sacrificing security or performance. Safend provides a comprehensive data protection solution in a single product, with a single management server and a single, lightweight agent.

The Results.

By implementing the Safend Data Protection Suite, the bank was able to maintain secure files without the threat of a data breach. Safend solutions were rolled out to a total endpoint base of 30,000+ PCs across the South African bank. In the African subsidiaries, Safend is in the process of rolling out to an additional endpoint base of over 2,500 PCs.
http://www.safend.com/1240-en/Finance%20case%20study.aspx

Info Security Products Guide awards Safend winner of the 2011 Best Deployment Scenario Awards.

Jun 14, 2011.

Safend was honored for its ability to help one of the largest financial institutions in South Africa safeguard their intellectual property and customers’ critical data persistently, as well as meet new regulatory requirements. The bank chose Safend’s Data Protection Suite – which is comprised of Safend Inspector, Safend Discoverer, Safend Encryptor, Safend Protector, Safend Protector for Mac and Safend Discoverer for Mac – to meet the bank’s greatest security threat of information leaks through endpoints that include USB, RW DVD, external hard drives and SD cards.

http://www.safend.com/81-3087-en/PR%202011%20Best%20Deployment%20Scenario%20Awards.aspx

The Best Emerging Markets Banks

CITIBANK

Best in the World
Best in the Middle East and Africa
Best in Latin America

The bank is located in 24 countries, with assets of $50 billion, 2,900 distribution points, and 22,000 employees. It has $46 billion in assets under custody, $33 billion under management, and raised more than $23 billion in capital for its customers in 1999.And it completed the largest amount in M&A deals-$29.8 billion."We also own 100% of our franchises, which is something not a lot of other international banks in the region do," says Michael Contreras, executive vice-president for Latin America Global Corporate & Investment Banking. In addition, Citibank remains the most profitable foreign bank in Brazil, the major Latin market, with the highest return on eqcity at 44%, according to Paulo Ribeiro, analyst at Standard & Poor's.
http://findarticles.com/p/articles/mi_qa3715/is_200005/ai_n8893739/

Citi Rolls Out Its Version of the Apple Store

January 25, 2011.

If you wanted to build banking’s version of Apple’s stores, you could bumble around trying to reverse-engineer the concept. Or you could go straight to the source, like Citibank did. Citi retained the services of Eight Inc., the architectural and strategic design firm behind the revolutionary Apple Store design, to create a new retail prototype for the global bank’s branch of the future.

“We’re knee deep in everything Apple,” Debby Hopkins, Citibank’s Chief Innovation Officer, told Fox News. “We’re huge believers in their capabilities, approach and philosophy, which is about really strong design backed by extraordinary systems.”
Three years in the making, the result of Citi’s partnership with Eight is a series of flagship “Smart Banking” branch locations opened around the world. The first prototype debuted in Singapore in 2008, followed by locations in Japan, Hong Kong and, most recently, New York. While developing the concept, Eight says over 100 branch-level processes were reengineered. There are even four patents pending.

In an interview with BAI, Citi’s US head of retail banking, Brad Dinsmore, said the bank plans to roll out ideas pioneered at its prototype locations. “We will build a handful of flagship branches in key metropolitan cities, but most of the branches will be much smaller in design. While they will include elements of the flagship design and some of the technology, they won’t be nearly as large.”

Manuel Medina-Mora, head of Citi’s U.S. consumer banking division, said the bank’s strategy is to “invest in retail banking with a focus on customer-centric innovations and an eye towards growth in our key markets, drawing on smart banking technologies and best practices developed by Citi in Asia.”
At the centerpiece of the Citi’s branch of the future is a huge, interactive media wall displaying local weather, news and financial updates. There is also a touchscreen “Planning Table,” a series of interactive “Work Benches” and a digital “Service Browser” where customers can cruise Citi’s products and services (think: Tom Cruise in “Minority Report”). If a customer needs service, they can head over to the “360 Station,” a concierge-style rotunda (basically a greeter station). Customers can also opt for a live video conference with a remote Citi specialist.
http://thefinancialbrand.com/16452/citibank-new-york-hong-kong-flaship-branches-of-the-future