Sony Pixel Power calrec Sony

NCC Bank of Bangladesh ensures secure and seamless real-time Binimoy transactions with Thales Luna HSMs

19/07/2023

Facebook

Twitter

LinkedIn

Thales Luna HSMs meet the security requirements of Bangladesh's new Interoperable Digital Transaction Platform (IDTP), allowing secure real-time movement of funds

Acts as the root of trust for NCC Bank's cryptographic operations, providing secure key generation and strong access controls to prevent unauthorised users from accessing sensitive data

Mr. Anisur Rahman Chief Information Officer (CIO), Information Technology Division at NCC BankNational Credit and Commerce Bank (NCC) of Bangladesh has rolled-out Thales Luna Hardware Security Modules (HSMs) across its existing infrastructure to meet the complex security requirements of the recently launched Interoperable Digital Transaction Platform (IDTP), also known as Binimoy. The tamper-resistant hardware is the root of trust' for NCC Bank's real-time transactions, providing customers with a seamless yet highly secure user experience. In November 2022, the Bangladesh Government launched the Interoperable Digital Transaction Platform (IDTP), allowing entities to move funds between bank accounts, mobile financial services, and payment system providers in real-time and at a lower cost. The platform connects customers, merchants, payment processors, e-wallets, banks, and more, supporting the Government's goal of a cashless society.

The IDTP relies on crypto operations to ensure the confidentiality and integrity of all transactions. NCC Bank selected Thales Luna HSMs as its hardware-based root of trust for its cryptographic operations. Deployed for crypto operations and secure key generation and storage, Luna HSMs are FIPS 140-2 Level 3 certified and offer a secure communication channel between HSM and application nodes. The deployment enables NCC Bank to trust payment transactions in real-time, ensuring an unhindered experience for the user while providing the highest level of security.

Thales Luna HSMs have been the Bangladesh Government's security platform of choice since 2010, when they were first rolled out at the inception of the Bangladesh Automated Clearing House (BACH). Over the last several years, the hardware has also been selected to secure the Government-owned Bangladesh Bank's Nikash Application, developed to replace its existing Electronic Funds Transfer Network (EFTN). Once again in 2022, when the Government launched the IDTP, Thales Luna HSMs became the de-facto choice amongst participating banks, including NCC Bank, for their trusted security and capability to support multiple applications and use cases.

Anisur Rahman, Chief Information Officer, Information Technology Division at NCC Bank, said, NCC Bank has a long-standing reputation for sincere personalised service and quality technology. We knew we had to rise to the challenge of the IDTP, ensuring our products and services across Bangladesh were interoperable, secure, and seamless for the customer. We selected Thales through comprehensive evaluation due to their reputation as the market leader in the security industry. Adding Luna HSMs to our existing infrastructure was smooth and seamless thanks to its efficient setup and administration.

Thales Luna HSMs allow the control and management of cryptographic keys across physical, cloud and hybrid IT infrastructures, including NCC Bank's 125 branches. The overall security architecture supports the stringent security requirements of the IDTP, including multi-factor authentication and easy reporting for audits.

As Bangladesh's financial sector continues its digital transformation, NCC Bank will benefit from Luna HSMs' scalable, flexible, and agile offering that can handle multiple applications with different crypto requirements.

Rana Gupta, APAC Vice President, Data Security Products at Thales, commented, Banks around the world entrust Thales to ensure the privacy of their customers. We are proud to assist NCC Banks transition to digital technologies that benefit millions. Our Luna HSMs are designed to balance security and high-performance requirements for traditional and new technologies. For financial institutions like NCC Bank of Bangladesh, this means ensuring that digital currency has the highest level of security for its customers.

About Thales

Thales (Euronext Paris: HO) is a global leader in advanced technologies within three domains: Defence & Security, Aeronautics & Space, and Digital Identity & Security. It develops products and solutions that help make the world safer, greener and more inclusive.

The Group invests close to 4 billion a year in Research & Development, particularly in key areas such as quantum technologies, Edge computing, 6G and cybersecurity.

Thales has 77,000 employees in 68 countries. In 2022, the Group generated sales of 17.6 billion.

Documents

PR_NCC Bank of Bangladesh.pdf

Contact

Marion Bonnet, Press and social media manager, Security and Cyber

+33 (0)6 60 38 48 92 marion.bonnet@thalesgroup.com

21 Aug 2023

Forensic investigation goes mobile with Thales

Read more

31 Jul 2023

CONTRACT FOR THE MID-LIFE UGRADE (MLU) OF THE HORIZON CLASS FRIGATES

Read more

26 Jul 2023

Thales launches a secure marketplace to accelerate Restricted Distribution projects for strategic industries

Read more
LINK: https://www.thalesgroup.com/en/worldwide/security/press_release/ncc-ba...
See more stories from thales

More from Thales

30/06/2025

Thales 2025 Global Cloud Security Study Reveals Organizations Struggle to Secure Expanding, AI-Driven Cloud Environments

Facebook Twitter LinkedIn 52% report AI security spending is displacing tr...

30/06/2025

Thales Alenia Space to develop SOLiS very-high-throughput laser communications demonstrator

Facebook Twitter LinkedIn Cannes, June 30th, 2025 - Thales Alenia Space, t...

27/06/2025

Thales and KONGSBERG to establish new major Defence communications joint venture in Norway

Facebook Twitter LinkedIn Thales, a global high-tech leader, and Kongsberg...

26/06/2025

The European Space Agency awards Thales Alenia Space the study of the SIRIUS mission to monitor Urban Heat Islands from space

Facebook Twitter LinkedIn Madrid, June 26, 2025 - The European Space Agenc...

24/06/2025

Thales Launches File Activity Monitoring (FAM) to Strengthen Real-Time Visibility and Control Over Unstructured Data

Facebook Twitter LinkedIn New capability gives instant visibility to detec...

24/06/2025

Imperva Application Security Integrates API Detection and Response, Setting A New Standard in API Security

Facebook Twitter LinkedIn First unified, single-pane-of-glass platform to ...

24/06/2025

Thales celebrates American Airlines 1st 787-9 aircraft flying with AVANT Up Inflight Entertainment System

Facebook Twitter LinkedIn The American Airlines 787-9 takes flight with Th...

20/06/2025

Thales supports airspace sovereignty in Albania with Ground Master 400 Alpha surveillance radar

Facebook Twitter LinkedIn At the Paris Air Show, in the presence of the Fr...

19/06/2025

Thales and Terma sign a Memorandum of Understanding to expand cooperation in the Air, Naval and Space domains

Facebook Twitter LinkedIn Thales, a global technology leader for the Defen...

12/06/2025

Thales ranked No.1 most attractive employer among engineering students in France in 2025

Facebook Twitter LinkedIn Thales has secured the top spot in the 2025 rank...

12/06/2025

Thales invests 55 million euros to anchor next-generation resilient navigation in France

Facebook Twitter LinkedIn Thales strengthens its European leadership in re...

11/06/2025

Software Rpublique unveils "vision 4rescue", an integrated technological ecosystem for the next-gen of Emergency Services

Facebook Twitter LinkedIn In response to the increasing frequency and inte...

05/06/2025

Vietnam Space Committee, OSB Group and Thales Partner to Promote Education and Innovation in Space Technologies

Facebook Twitter LinkedIn Vietnam has been building a national framework t...

04/06/2025

Thales Unveils State-of-the-Art Inflight Entertainment & Services Lab at its Engineering Competence Centre in Bengaluru

Facebook Twitter LinkedIn The new lab, dedicated to development of Infligh...

03/06/2025

Thales reinvents secure payment systems for a data-driven future, showcasing leadership at Money20/20 Europe

Facebook Twitter LinkedIn Payment systems must evolve beyond traditional c...

02/06/2025

cortAIx SG: Thales Accelerates Trusted AI Innovation in Singapore with Strategic Partnerships

Facebook Twitter LinkedIn Thales's global acceleration in trusted AI e...

02/06/2025

Cyshield uses Thales technology to launch Egypt's first connectivity service for eSIM devices

Facebook Twitter LinkedIn Cyshield, a leading digital solutions company, s...

22/05/2025

Thales Reinforces Commitment to Malaysia at LIMA 2025 with New Leadership and Contracts Awarded

Facebook Twitter LinkedIn As a strategic partner in helping Malaysia achie...

21/05/2025

Tawazun Council and Thales Sign Agreement to Establish Ground Master Air Surveillance Radar Production Facility in UAE

Facebook Twitter LinkedIn As part of the Tawazun Economic Program, Thales ...

19/05/2025

Thales to provide a cyber-secured and AI-powered autonomous mine countermeasures system to the Republic of Singapore Navy

Facebook Twitter LinkedIn The unique, sea-proven Pathmaster solution will ...

19/05/2025

Thales, Radiall and FoxConn have initiated preliminary discussions on semiconductor production

Facebook Twitter LinkedIn Thales, Radiall and FoxConn announce they have i...

15/05/2025

Thales powers one million digital payment experiences with Vipps mobile wallet in Norway

Facebook Twitter LinkedIn Thales fully supports the success of Vipps, Norw...

15/05/2025

Thales boosts Air Traffic Management System for Serbia and Montenegro Air Traffic Services SMATSA

Facebook Twitter LinkedIn Serbia and Montenegro Air Traffic Services SMATS...

15/05/2025

Thales inaugurates GenF, a first step towards nuclear fusion energy

Facebook Twitter LinkedIn Thales, a global leader in high-power lasers, will inaugurate GenF on Thursday 15 May 2025 in Le Barp (Bordeaux). GenF aims to t...

13/05/2025

Thales celebrates 50 years in Greece

Facebook Twitter LinkedIn On the occasion of DEFEA, Greece's premier defence exhibition, Thales, a global leader in advanced technologies for the Defe...

13/05/2025

Thales launches TRAC SIGMA - an innovative multi-mission Primary Surveillance Radar for Approach and Long-Range Air Surveillance

Facebook Twitter LinkedIn Thales unveils its new multi-mission Primary Sur...

30/04/2025

Thales modernises the world-class TACTIS armoured vehicle training centre for the Royal Netherlands Army

Facebook Twitter LinkedIn Thales has secured a major contract to modernise...

29/04/2025

One out of three secure civil IDs delivered each year is powered by Thales

Facebook Twitter LinkedIn In a world where identity fraud represents a critical vulnerability for citizens and societies, Thales is leading the transforma...

25/04/2025

Thales and Deloitte form Strategic Alliance to Help Enhance Data Protection and Governance Services

Facebook Twitter LinkedIn Enhancing Data Protection and Governance Service...

24/04/2025

Thales reports its order intake and sales for the first quarter of 2025

Facebook Twitter LinkedIn Order intake: 3.8 billion, down -25% (-27% on an organic basis1) Sales: 5.0 billion, up 12.2% ( 9.9% on an organic basis) A...

23/04/2025

Thales and Michelin drive software revenue growth with innovative simulation software

Facebook Twitter LinkedIn Enables Michelin to focus on development of its ...

17/04/2025

MGCS Project Company GmbH (MPC) established in Cologne

Facebook Twitter LinkedIn Thursday, 17 April 2025 - The next step has now been taken in the Franco-German armaments project Main Ground Combat System (MGC...

14/04/2025

Thales to supply NATO with latest-generation situational awareness solution to ensure decision superiority

Facebook Twitter LinkedIn Thales has been selected by NATO to deliver phas...

08/04/2025

U.S. Air Force awards NSPA F-16 Helmet Mounted Display contract for Thales Scorpion HMD

Facebook Twitter LinkedIn Thales Thales subsidiary, Thales Defense &...

08/04/2025

Thales revolutionizes Inflight Entertainment (IFE) with 360Stream Live TV and innovative Near-Live highlights

Facebook Twitter LinkedIn Thales revolutionizes inflight TV with 360Stream...

07/04/2025

Thales signs a contract to deliver the Ground Master 200 MM/C Multi Mission Compact radar to Sweden

Facebook Twitter LinkedIn The Swedish Defence Materiel Administration (F r...

07/04/2025

Thales announces next-generation Inertial Measurement Unit (IMU) for resilient navigation

Facebook Twitter LinkedIn Thales is a global leader in inertial navigation...

03/04/2025

Thales to recruit 8,000 people in 2025 and accelerate its 'Learning company' programme

Facebook Twitter LinkedIn Thales, a global leader in advanced technologies...

02/04/2025

Thales Alenia Space wins 51 million contract to extend EGNOS service life

Facebook Twitter LinkedIn Strengthening Europe's critical navigation infrastructure thanks to EGNOS satellite-based augmentation system Cannes, April ...

01/04/2025

DSTA and Thales Announce AI-Driven Co-Lab to Strengthen Singapore's Defence Systems

Facebook Twitter LinkedIn Defence Science and Technology Agency (DSTA) and...

31/03/2025

Thales unveils its PANORAMIC quad-tube night vision goggle

Facebook Twitter LinkedIn Presented for the first time at SOFINS1, PANORAMIC is a lightweight, compact night vision goggle equipped with four light intens...