back Back

NCC Bank Ltd. & Thales team to secure digital transactions in Bangladesh

By Gloria Mathias

July 20, 2023

  • APAC
  • Bangladesh
  • Bank of Bangladesh

 NCC Bank Thales Thales, Luna Hardware Security Modules, Binimoy, Merchant Payments, Domestic Payments,   Real Time Payment Solution, e-Wallets, FinTech, APAC,  DIGITAL PAYMENT APAC, Digital Channels, Cashless Transactions, Secure Payments, Interoperable Digital Transaction Platform, Bank of Bangladesh Bangladesh National Credit and Commerce Bank (NCC) of Bangladesh integrated Thales Luna Hardware Security Modules (HSMs) across its existing infrastructure to meet the complex security requirements of the recently launched Interoperable Digital Transaction Platform, Binimoy.

The Bangladesh Government launched the Interoperable Digital Transaction Platform (IDTP), allowing entities to move funds between bank accounts, mobile financial services, and payment system providers in real-time and at a lower cost. The platform connects customers, merchants, payment processors, e-wallets, banks, and more, supporting the Government’s goal of a cashless society.

The IDTP relies on crypto operations to ensure the confidentiality and integrity of all transactions. NCC Bank opted Thales Luna HSMs as its hardware-based root of trust for its cryptographic operations. Luna HSMs are FIPS 140-2 Level 3 certified and offer a secure communication channel between HSM and application nodes.

Anisur Rahman, Chief Information Officer, IT Division at NCC Bank said, “NCC Bank has a long-standing reputation for sincere personalised service and quality technology. We selected Thales through comprehensive evaluation due to their reputation as the market leader in the security industry. Adding Luna HSMs to our existing infrastructure was smooth and seamless thanks to its efficient setup and administration.”

Thales Luna HSMs allow the control and management of cryptographic keys across physical, cloud and hybrid IT infrastructures, including NCC Bank’s 125 branches. The overall security architecture supports the security requirements of the IDTP, including multi-factor authentication and easy reporting for audits.

Rana Gupta, APAC Vice President, Data Security Products at Thales shared, “Banks around the world entrust Thales to ensure the privacy of their customers. We are proud to assist NCC Bank’s transition to digital technologies that benefit millions. Our Luna HSMs are designed to balance security and high-performance requirements for traditional and new technologies. For financial institutions like NCC Bank of Bangladesh, this means ensuring that digital currency has the highest level of security for its customers.”

As financial sector of Bangladesh continues its digital transformation, NCC Bank will benefit from Luna HSMs’ agile offering that can handle multiple applications with different digital requirements.

Previous Article

July 20, 2023

ConnexPay rolls out GBP, EUR real-time B2B payments in Europe

Read More
Next Article

July 20, 2023

Nordea buys Danske Bank’s personal customer business in Norway

Read More

IBSi Daily News Analysis

UK, Bank

July 12, 2024


Global securities lending revenue sees sharp 16% decline to $2.53bn in Q2 2024, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


Nuvei and Mastercard team to enable crypto to fiat conversion

Read More


Payset and ClearBank partner for local and cross-border payments

Read More


Network International launches Business Payment Solutions with Mastercard

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
Wealth Management & Private Banking Systems Report Q2 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024