Citi Pleased With Swift eBam XML Pilot Program
By: Doug Caverly
Thieves and hackers have become more and more skilled over time, necessitating the creation of better security systems. Also, the recession’s caused people to become extremely protective of their money. And so the XML community should be proud to know that a pilot program relating to XML and bank account management has gone well.
The program involves some rather important corporations, including Citi (which possessed $1.93 trillion in assets in 2008), Royal Dutch Shell (which had $282 billion at the same point in time), and Speranza (which has partnered with Microsoft, among other big companies).
As for what took place, a press release explained, “The scope of the pilot included a Shell corporate signer initiating instructions from a Speranza application and digitally signing using Citi-issued high assurance digital identities. The messages were successfully tested for receipt and validation at Citi’s end.”
Rajesh Mehta, Citi’s Head of Treasury and Trade Solutions in Europe, the Middle East and Africa, then stated, “We are delighted that we have been able to complete this first phase in the Swift eBAM XML pilot programme with our colleagues from Shell and will now look to continue our work in this space on the second phase in the programme.”
So stay tuned for more news about XML keeping everyone’s bank accounts safe and sound.