Crédit Agricole Financements chooses ELCA to ensure the security of e-banking for its new retail banking operations.
13 August 2009
ELCARD, a solution developed by ELCA, was chosen by Crédit Agricole Financements (Switzerland) Ltd. to secure its E-banking access in the context of the enlargement of its activities to retail banking. The new services are particularly targeted at cross-border workers who often need to manage several accounts in different currencies.
The ELCA solution was chosen because of its features, which are fully aligned with the corporate bank's objective of simplifying the daily lives of its clients, in particular cross-border workers. Immediately after commissioning, ELCA's project team installed the system in the infrastructures of Crédit Agricole Private Banking Services, the Swiss-based entity which proposes, develops and hosts the S2i banking package. ELCA tested and implemented the solution in the space of three months. As befits ELCA's services, the project was completed on time and within budget, to the complete satisfaction of Crédit Agricole Financements.
The strong authentication solution ELCARD is developed by ELCA's security division. The simplicity and ease of use associated with the ELCARD solution played a key role in the bank’s choice. The ELCARD solution was specifically developed to respond to the problems inherent in the implementation, administration and use of a strong authentication solution by a mobile population. ELCARD is as secure as electronic token-based solutions, but the fact that it reduces production costs, simplifies use and implementation, eliminates the need for installations on the client terminal and complies with environmental standards sets it apart from the competition.
About Crédit Agricole Financements
Crédit Agricole Financements is a bank under Swiss law which traditionally specialises in mortgage lending for private individuals. Crédit Agricole has a strong foothold in France and finances every second property in the area near the Swiss border. Benefiting from experience in property financing, Crédit Agricole Financements puts its expertise in mortgage lending at the disposal of private individuals in France and Switzerland and offers all the everyday banking services clients need to manage their current account operations in Switzerland.
About Crédit Agricole Private Banking Services (CA-PBS)
CA-PBS is the IT and back office service centre for the international private banking arm of the Crédit Agricole Group, and the Swiss leader for business process outsourcing for private banks. CA-PBS provides a comprehensive IT outsourcing service to around 20 banks in Switzerland and abroad (Luxembourg, Singapore, the Bahamas, Portugal), implementing its own banking software specialised in S2i private banking and back office processing of banking operations.
About ELCA
ELCA, an independent Swiss company, is market leader in the fields of software development, systems integration and business consulting. It employs around 500 highly-qualified staff. The head office of the company is in Lausanne and it has subsidiaries in Zurich, Geneva, Berne, London, Paris, Madrid (near-shore development) and Ho Chi Minh City (off-shore development). The majority of the shares are held by the management and employees of the company.
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