Deutsche Bank streamlines secure online authentication for corporate clients


Deutsche Bank’s Global Transaction Banking division is extending the use of SWIFT’s 3SKey service to provide a complete single token service for secure customer authentication on its Autobahn App Market, Deutsche Bank’s electronic product offering providing direct online access to Bank-wide services in a single location. SWIFT’s 3SKey is a multi-bank personal identity token using digital signatures and strong authentication. It can be used on any banking channel and allows corporates to securely log in to online banking applications and sign financial transactions sent to their banks using a single device.

Individual identification for corporates using online banking is a necessity, and this has traditionally been achieved through the use of multiple proprietary signature tools for each different bank. The access control can differ greatly among banks, each using their own tools with varying levels of authentication and workflows. As treasurers often work with a large number of banks, they need to deal with many different authentication methods and passwords to login and authorise orders for online banking transactions. A response to these challenges is SWIFT 3SKey.

Michael Spiegel, Global Head of Trade Finance & Cash Management Corporates at Deutsche Bank said: “We are increasingly seeing new entrants – including non-banks – at different stages of the wholesale banking value chain. Offering market leading solutions and improving the corporate client experience is therefore key in maintaining our leading edge. At the same time, through SWIFT 3SKey, we continue to meet the highest security standards.”

David Watson, Global Head of Global Transaction Banking Cross-Product Components and Regional Head of Product Management Americas at Deutsche Bank added: “3SKey is an excellent example of SWIFT providing collaborative market solutions supporting robust security standards for confirming a person’s identity with a one bank-agnostic high-security device. Supporting 3SKey allows us to leverage current industry trends and brings tangible benefits to our online clients. It is therefore a logical next step to extend 3SKey beyond SWIFT and EBICS France to our global Autobahn App Market, providing access to more than 180 applications across Deutsche Bank´s electronic products and services.”

André Casterman, Global Head of Corporate and Trade Markets at SWIFT concluded: “3SKey brings multi-banking to identity management. Rather than having to carry a bag of bank-specific tokens, corporate treasurers can now greatly benefit from SWIFT’s multi-bank 3SKey technology by having one single token. After a successful launch of 3SKey for personal signing of files in 2013, Deutsche Bank proves again its leadership in embracing SWIFT’s multi-banking solutions at a global level by extending their use of 3SKey to user authentication on their Autobahn App Market.”

Most recent episodes

Podcast - Journeys to Treasury Deep-Dive: Cash Flow Hedge Accounting at JT Group

Listen to this audible case study, which provides a lens over the details of a recent cash flow hedge accounting project undertaking by the JT Group treasury team.


Podcast - Innovation as an Enabler: Sustaining Global Trade Finance in Uncertain Times

J.P. Morgan's Bayo Osolake, who joins Eleanor Hill (TMI) to discuss how treasurers can facilitate global trade in the currently turbulent macroeconomic environment.


Relative Normality On Horizon — But Divergent Monetary Policy Pathways Likely

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.


Audio TMI - MMF Reform Proposals Threaten LVNAV Viability for European Treasurers

Proposed MMF changes currently being debated at European Commission level endanger the utility of one of the most popular forms of MMF used by corporate investors across the continent.

Audio TMI - Special FX

Two experts from NatWest share the inside track on how treasurers can better manage FX risks by shaking up legacy processes and old-fashioned thinking, improving data coll...


Audio TMI - Roadmap Towards a First-Class Group Treasury

As the perennial debate continues around the pros and cons of a centralised tre...


Audio TMI - How Etihad Covered all Three ESG Elements in One Sustainability-Linked Financing

Etihad Airways recently raised US$1.2bn in the first sustainability-linked loan in global aviation with terms that relate to all three areas of ESG.


Reducing Friction in International Payments: Five Steps for Treasury Teams

What are the steps that treasury teams can take to remove roadblocks in processing international payments? Daniela Eder, Gibran Maqsood, and Karsten Becker (Barclays) to answer this question.


Keeping the Plates Spinning: the Art of Treasury Project Management

Sandra Shen (Actualize Consulting) joins TMI's Tom Alford to offer professional insight into what defines successful treasury project management. 


Audio TMI - ESG: Time to Decide

The pressure to comply with ESG initiatives is being felt by corporates like never before, with ESG-compliance a common concern among treasury departments.