Financial institutions can rely on legally binding trust for online transactions
Specifically designed for banks, the Trust Network is a member-based community of financial institutions for Digital Identity. All members follow the same set of rules as defined by the IdenTrust PLOT (Policies, Legal Framework, Operations Hosting and Technology) Rule Set which provides legally binding trust for online transactions with customers and partners.
PLOT is a trusted Rule Set for identity authentication that was created by global financial institutions. The PLOT Rule Set ensures that identities are issued, validated and utilized in a standardized way inside and outside a financial institution, nationally and internationally. As a result, IdenTrust identities are globally interoperable under private contracts recognized by over 150 countries belonging to the World Trade Organization.
For the banking community, the Trust Network is the Visa equivalent for identity, allowing banks to reduce their costs for identity authentication, technology investment and legal and regulatory compliance, while also creating a platform for dramatic process reengineering based on the use of auditable digital identities and electronic signatures..