Todos AB lands deal with Raiffeisen Bank Romania

Raiffeisen Bank has selected leading eBanking security vendor Todos AB to provide their online customers with the latest in security technology. The choice fell on smartcard reader Todos A200 for more trustworthy and user-friendly eBanking in Romania
By: Todos AB
Sept. 23, 2009 - PRLog -- GOTHENBURG, SWEDEN - SEPTEMBER 23 - Raiffeisen Bank Romania has ordered 190,000 Todos A200 smartcard readers. The bank's objective is to increase security for its online customers and, as a result, increase their trust and confidence in eBanking with Todos's advanced technology.

Raiffeisen Bank is one the country's leading banks with more than two million customers. It is a subsidiary of the Austrian Raiffeisen International Bank-Holding AG, which in turn is a fully consolidated subsidiary of Vienna-based Raiffeisen Zentralbank Österreich AG (RZB). RZB operates one of the largest banking networks in CEE, covering 17 Central and Eastern European markets through subsidiary banks, leasing companies and other financial services firms. The group's nearly 62,000 employees service 14.9 million customers via more than 3,200 business outlets.

This is Todos's first order from Raiffeisen Bank Romania, although Todos supplied a sister company, Tatra banka in Slovakia, with the same technology. This gave Raiffeisen a template for their own system and great confidence in Todos's abilities.

Raiffeisen Bank wanted to roll out an authentication solution very quickly and Todos was able to deploy a solution within weeks. Despite the speed of the process, Todos still managed to customize the devices with Romanian manuals, menus and the bank's logo.

"Todos's technology brings a new level of trust and security to Raiffeisen Bank Romania," says Bo Emanuelsson, Todos's Sales Director EMEA. "We are very excited to add them as a new client and we look forward to a long and happy relationship with the Raiffeisen network."

"Todos was a natural choice for us considering their impressive work with Tatra banka, amongst others," says Iulian Dascalescu, Procurement Director at Raiffeisen Romania. "This brings a new level of security to Romanian eBanking."

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Todos helps banks create trusted, secure relationships with their customers online. Founded in 1987, Todos designs, develops and supports online security. We have delivered over 18m products to 100+ financial institutions When trust matters, trust Todos.
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