Tata Consultancy Services - Certifying Authority (TCS-CA) has announced the successful implementation of their managed PKI (public key infrastructure) solution at the Bombay Stock Exchange.
With this implementation, the BSE has joined the TCS-CA Trust Network as a Primary Registration Authority whereby the BSE will exclusively manage and control the issuing of digital certificates to its members, according to TCS. The use of PKI-enabled solution and digital certificates is expected to
enhance transparency and accountability at the BSE and its member companies. The Electronic Contract Notes (ECN) system would now enable the exchange members, retail as well as institutional, to issue digitally signed contract notes to their investors.
The service is available to the members of both the BSE and the NSE. A single, easy to use, application toolkit takes care of the upload of signed documents to the system.
TCS-CA offers a user-friendly Web-based solution that is easy to deploy under the Managed PKI Services. With this exclusive customised implementation, the BSE would have exclusive control over the process of verification and issuance of digital certificates to its members. It can also authenticate and verify the applicants and advise TCS-CA to issue digital certificates to them.
TCS-CA with this solution has provided its Web form signing and verifying tool, FormSignerTM, to integrate digital certificate technology into the ECN system. This will ensure that all the BSE members can exchange confidential information securely over electronic media.
PKI-enabling of the system secures it from the risks involved with online communication by providing authentication and non-repudiation. Additionally, digitally signed electronic information and documents provide legal sanctity, according to TCS.
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