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IFA Securities achieves SCA compliance using GebWeb

United Arab Emirates: Thursday, September 11 - 2008 @ 12:21

Resolution 67/2007 requires, among others, that each Online Trading (Brokerage Firm) has to implement Two-Factor Authentication mechanism and applies Digital Signatures on each Buy/Sell stock transaction.

The GebWeb solution; the first web –PKI- Public Key Infrastructure wrapper that implements 2-factors authentication and digital signature for web transaction is an in-house copyrighted PKI wrapper that was developed by “ISnSC Research & Development” FZ LLC.

“Security is the most important pillar in the line of our business in online financial services, that’s why we have been working hard on meeting the SCA standards to achieve their full initial approval,”

Said Mr. Jamal AlSarabi, CEO of IFA Securities L.L.C.

“Having been enabled to do so by implementing the “GebWeb” cutting edge technology of “ISnSC Research & Development”, “IFA Securities” is now the first UAE brokerage company to achieve full initial approval of R67/2007,” AlSarabi added.

Mr. Sherif Hazzaa, CEO of “ISnSC Research & Development, said:

“We are excited to have IFA securities with its very progressive vision onboard our clientele portfolio. We have enabled “IFA Securities” to be the first in the Middle East and one of the few around the world who implemented an advanced solution as GebWeb to minimize financial disputes and fraud.”

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Thursday, September 11- 2008 @ 12:21 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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