Yes Bank Goes Wi-Fi

by CXOtoday Staff    Sep 13, 2006

YES Bank has announced that it has collaborated with Intel to deploy an extensive wireless and mobile network across its 20 retail branches. The bank aims to increase employee efficiency, productivity and attain higher level of customer satisfaction with this.

The infrastructure and hardware deployment will enable the bank to take traditional over-the-counter retail banking services to a new level, claimed the company.

The bank will have wireless local area networks within the branch premises. This will provide customers with access to Internet, enabling them to conduct banking transactions securely and wirelessly. Instead of waiting in queues, customers will be able to access their account details, conduct transfers and online payment on their own laptops.

This facility will also allow bank’s employess to access its internal wireless LAN and leverage various banking applications within the branch premises.

The financial advisors of the bank can also be mobile within the branch premises via Intel Centrino mobile technology-based notebooks while remaining connected to the bank’s network.

In order to ensure safe and secure banking, Intel has provisioned certain measures for the system. For instance, any wireless device being used at the branch will have to submit credentials for authentication before it can exchange data on the wireless network. To authenticate users the system uses Internet Authentication Service (IAS) and Active Directory Service (ADS).

Data confidentiality is taken care of via encrypting the data using Temporal Key Integrity Protocol (TKIP), the Wi-Fi Protected Access (WPA) protocol and a security mechanism that provides enhanced data protection and control of access to a wireless LAN.

Also, to make sure that data is not modified in the transit state, the transmitted data includes information, which is used specifically for preventing data tampering. For additional protection, the service set identifier (SSID) of the wireless network is not broadcast, requiring that any device that connects to the network must be set up to be aware of the SSID.