TWIST today announced Identrus as its newest Sponsor. Identrus is a global solutions company that secures interactions where identity is critical and provides a worldwide network for trusted identity credentials based on global standards.
"Given the importance of Identity and liability around European initiatives in Payments (SEPA) and Financial Instruments (MiFID), TWIST is pleased to have the knowledge base of Identrus to assist in the successful implementation of these European directives." stated Tom Buschman, Chairman of TWIST.
TWIST was created to facilitate transactions between banks and their corporate customers through standardised messages, thereby allowing STP between the two parties.
"Along with our membership to TWIST, we will integrate the TWIST standards into the Indentrus Rule Set. This will allow interoperability between TWIST and the Identrus community. Indeed, we view TWIST as key to our strategy", says Karen Wendel, Identrus CEO. "We believe that Identrusâ liability model, which has proved successful with European clearing houses, is essential to the successful implementation of SEPA and MiFID."
Identrus' proven solutions provide a legally and technologically interoperable environment for using identities. As well as providing a legal and technical infrastructure for financial institutions, governments and commercial entities to effectively manage the risks associated with identity authentication Identrus enables these organizations to develop business applications and value-added services for their customers.