That's it, game over That was the response from one transaction banker in Singapore upon hearing of the alliance between SWIFT, the international funds transfer messaging system, and Identrus, which provides legally binding digital signatures for companies in e-commerce.
The initiative is particularly significant because 3,000 banks in some 190 countries own SWIFT.
SWIFT, through this business alliance they have set up with Identrus, are, in no uncertain terms, going to compete in electronic and internet commerce, comments the transaction banker who declined to be named. They have messaging expertise and a critical mass in customer banks. Now with Identrus's certification technology and heavyweight backing, it means that startup...
