YES BANK Partners FortyTwo42 Labs to Implement State-Of-The-Art Cybersecurity Solution

Mumbai, December 15, 2016: YES BANK, India’s fifth-largest private sector bank has collaborated with FortyTwo42 Labs, a Global Cyber Security Research Lab setup in India (Vizag and Pune) and Israel (Tel Aviv) as a co-innovation partner for developing next-generation FinTech and Cybersecurity Solutions.

One of the first innovations, the PI-CONTROL™ Platform – that YES BANK has jointly developed with FortyTwo42 Labs – is being rolled out in the next few weeks. The solution has the capability to provide real-time cryptographic digital transaction signing at a massive scale. This is a first-of-its-kind solution.

The usual crypto-identity models work only on a single source of identity whereas PI-CONTROL™ is based on advanced crypto-identity model (I-AM™). I-AM™ aggrega ...

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