BT (News - Alert), a wholly-owned subsidiary of BT Group, announced the launch of its Managed Secure Messaging service for financial services community worldwide.

The messaging tool allows customers to communicate with everyone across their business community.  The service is designed to meet the security requirements of banks, clearing houses and securities depositories as well as corporate treasurers, according to company officials.

With BT’s managed messaging service, financial institutions can exchange messages securely, reliably over BT private networks and the Internet for all of their business activities.

“The need for secure, tamper-proof and non-repudiable messaging between parties in financial transactions continues to grow,” said Jose Antonio Martinez, managing director, Radianz & Payments, BT, in a statement. “BT's Managed Secure Messaging service enables organizations to reduce their failure rates, reduce the costs of correcting those failures, and increase service levels to their customers.”

By automating message processing and reducing message failures, BT Managed Secure Messaging helps in improving communications and cutting manual administrative expense of managing the messages. 

The service records that each message has been sent and received, and informs both parties that it has been delivered correctly.  Additionally, the company provides hardware or software gateways at both sending and receiving ends to ensure that messages are encrypted, kept secure and intrusion-free.

Recently BT announced a partnership with Intelsat S.A., a provider of fixed satellite services, to offer expanded hybrid satellite-terrestrial delivery solutions to its customers. Through this alliance, the companies also plan to expand the reach of IntelsatONE terrestrial network to new locations in Europe, Africa and Asi
Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

Edited by Janice McDuffee