Re: UBS. Many on this board are familiar with previous dots between UBS and Wave tech. For those who may not be it is worth knowing that UBS actually has implemented a system of smart card readers used for authentication by their customers. This evolved from a pilot study
( UBS Opts for FINREAD
2003/08/5th
UBS Wealth Management & Business Banking launched its pilot phase last Fall 2003.
UBS Headquarters - 21.5 kb
UBS Headquarters
From left to right: UBS head office in Zurich, UBS head office in Basel.
Top: the teller hall in Zurich.
Given the positive results of compliance and interoperability tests with several card reader manufacturers, UBS Wealth Management & Business Banking, the foremost personal asset manager and the Swiss leader in consumer business and banking services, has decided to run a FINREAD pilot project.
The project concerns a new secure solution based on a smart card with a certificate to provide access to the bank's home banking service.
The choice of the FINREAD solution was, in particular, dictated by the concern for maximum security for this application; the level of security will be further strengthened by the use of a bank smart card.
An initial pilot phase is planned for the second half of this year with a small sample of the bank's customers. It will be followed by a second phase that will then involve a panel of around 1,000 customers outside the bank.
UBS is considering offering its customers a multi-application card next year that can be read by a portable card reader using a "challenge-response" type procedure. This is in addition to the FINREAD solution adopted for the home banking application, which requires a higher level of security.
initially implemented in conjunction with the FINREAD initiative, an initiative that Wave was involved with. This pilot study led to an implementation of these card readers which is now used by customers of UBS and can be viewed on their website.
IMHO it is no stretch of the imagination to believe that UBS, the financial institution with more "tax concerned" clients than probably any in the world, has decided to implement trusted computing to build upon their trusted cardreaders strategy. Once their corporate trusted computers are up and running how long will it be before their consumer clients are urged to "go TPM?"
Svenm
AI
