Innovation is Our Passion

Online Banking Past, Present and Future

Innovation is Our Passion

The Evolution
Banks issue certificates to the user which will be stored on the PC Banks issues a certificate stored inside Smart card or USB Token to every user

Banks with no Online Banking facility

Online Banking with username & static password for authentication

OR
Banks issue an OTP token to Generate Dynamic password
5years ago

OR
Banks generate Dynamic password on every users Mobile
Now and Future
2

Olden days
2010 WATCHDATA TECHNOLOGIES PTE LTD

10years ago

Innovation is Our Passion

Online Banking now in India

SSL Certificate
SSL service Internet

Username, Password, Virtual Keyboard

USER Router

Online Banking

SSL guarantees the Online Banking accessed by users is real, not phishing Users can access the Online Banking service only with the username and password that a particular user know. The communication from IE browser or others to Online Banking server has been protected by SSL technology.

2010 WATCHDATA TECHNOLOGIES PTE LTD

Innovation is Our Passion

Drawbacks
SSL Certificate SSL service

Username, Password, Virtual Keyboard

Internet

USER

Online Banking

Router

The existing SSL in Online Banking is a unidirectional SSL. Users can authenticate the server; on the contrary it can not. The username and password can be hacked easily. The high-risk activity such as fund transfer doesnt have the users e-signature.

Innovation is Our Passion

To mitigate the Drawback

Use of Digital Certificates For Normal users / Corporate Users, etc.

This enabled the online user to use their digital certificates stored on their PC while making Transactions

2010 WATCHDATA TECHNOLOGIES PTE LTD

Innovation is Our Passion

The System would not be 100% secure

Weak Storage
The digital certificate, private key and public key are stored in the IE Browser or other browser of the PC. All of these are easy to be exported to other workstation, including the private key. The private key may be illegally hacked and used by method of exhaustion, no maximum number of password attempts.
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Innovation is Our Passion

Finally an Ideal Solution 100% Secure

Every user has a digital certificate as his/her ID card in the online banking system. The digital certificate is stored inside a Smart Card or a PKI enabled USB Token. The RSA key pair is generated inside the USB token, the private key is never exported. The private key can be used only when the user knows the PIN of USB token. Banks can set the maximum number of PIN attempts, for example 3 to 5 times. The USB token gets automatically disabled when the user exceeds the maximum number of wrong PIN attempts.
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Innovation is Our Passion

This solution satisfies

I have the I know whoUSBKey; are I know the you. PIN I know who are you too.
$

Users have the bidirectional SSL authentication. Its more secure.

When doing login and transaction, users can make e-signature for the activities. Users dont worry about the fraudulence of the password. The fraud can not do anything without the USB token. Up to now, users have two factors authentication.
2010 WATCHDATA TECHNOLOGIES PTE LTD

I dont have the USBKey. Yes, Cant login. this is my signature .

PIN:******

Innovation is Our Passion

What we provide?

Our USB Key Product Suite

2010 WATCHDATA TECHNOLOGIES PTE LTD

Innovation is Our Passion

WatchKEY
Specification
Physical Characteristics Cryptographic Standards Cryptographic Functions 8-bit/32-bit processor, 32K/64K Byte EEPROM PKCS#11 v 2.11, Microsoft CryptoAPI(CAPI)2.0, X.509 Asymmetric key pair generation (RSA 1024/2048bit),Symmetric key generation (DES, 3DES, AES), Onboard Random Number Generator, Onboard key generation, digital signing and encryption/decryption Asymmetric Key Algorithms, RSA1024-bit, RSA 2048bit; Symmetric Key Algorithms, AES, DES, 3DES RSA 1024-bit, RSA 2048-bit SHA-1, SHA-256, MD5

Cryptographic Algorithms Digital Signing Hash Algorithms

Operating Windows 2000/XP/2003/Vista and 7 system, IE, Mozilla Firefox, Outlook, Thunderbird Browser and Mail Communication Connectivity Weight and Size
2010 WATCHDATA TECHNOLOGIES PTE LTD

PC/SC protocol; Mass Storage protocol; USB 1.1/2.0 compliant, USB power Approx. 8g, 78mm x 23mm x 9mm
10

Innovation is Our Passion

BioKEY
Specification
Physical Characteristics Cryptographic Standards Cryptographic Functions 32-bit processor, 32K Byte EEPROM, With Fingerprint sensor, PKCS#11 v 2.11, Microsoft CryptoAPI(CAPI)2.0, X.509 Asymmetric key pair generation (RSA 1024/2048bit),Symmetric key generation (DES, 3DES, AES), Onboard Random Number Generator, Onboard key generation, digital signing and encryption/decryption Asymmetric Key Algorithms, RSA1024-bit, RSA 2048bit; Symmetric Key Algorithms, AES, DES, 3DES RSA 1024-bit, RSA 2048-bit SHA-1, SHA-256, MD5

Cryptographic Algorithms Digital Signing Hash Algorithms

Operating Windows 2000/XP/2003/Vista and 7 system, IE, Mozilla Firefox, Outlook Browser and Mail Communication Connectivity Weight and Size
2010 WATCHDATA TECHNOLOGIES PTE LTD

Mass Storage protocol; USB 1.1/2.0 compliant, USB power Approx. 8g, 78mm x 23mm x 9mm
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Innovation is Our Passion

WatchKEY OCL
Specification
Physical Characteristics Cryptographic Standards Cryptographic Functions 32-bit processor, 32K Byte EEPROM, With screen display and button press operations, PKCS#11 v 2.11, Microsoft CryptoAPI(CAPI)2.0, X.509 Asymmetric key pair generation (RSA 1024/2048bit),Symmetric key generation (DES, 3DES, AES), Onboard Random Number Generator, Onboard key generation, digital signing and encryption/decryption Asymmetric Key Algorithms, RSA1024-bit, RSA 2048bit; Symmetric Key Algorithms, AES, DES, 3DES RSA 1024-bit, RSA 2048-bit SHA-1, SHA-256, MD5

Cryptographic Algorithms Digital Signing Hash Algorithms

Operating Windows 2000/XP/2003/Vista and 7 system, IE, Mozilla Firefox, Outlook Browser and Mail Communication Connectivity Weight and Size
2010 WATCHDATA TECHNOLOGIES PTE LTD

Mass Storage protocol; USB 1.1/2.0 compliant, USB power Approx. 20g-50g, 80mm x (25-43)mm x 10mm
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Innovation is Our Passion

URpass

URpass is an innovative product combining secure online payment (& top-up) and contactless micropayment in a single device

Form factor:

2010 WATCHDATA TECHNOLOGIES PTE LTD

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Innovation is Our Passion

Thank You
For Further Details Please Contact

R. Srinivasan - Sales Director

srini.vasan@watchdata.com.sg +91-98450 04098

K. Srinivasan - Technical Manager

srinivasan@watchdata.com.sg +91-99001 91968

Watchdata Technologies (India) Pvt. Ltd #681, 6th C Main, 14th Cross, J.P Nagar 3rd Phase, Bangalore 560078 www.watchdata.com

2010 WATCHDATA TECHNOLOGIES PTE LTD

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