Launches Digital Signatures to Empower Retail Consumers
Mumbai - November 13, 2008 - 3i Infotech, a global Information Technology company, today announced the launch of eMudhra, an initiative to roll out digital signatures. With eMudhra, 3i Infotech will transform the way various transactions are conducted in India and empower Indian consumers to use technology beyond basic services.
eMudhra would be offered through 3i Infotech Consumer Services Ltd., a wholly owned subsidiary of 3i Infotech. 3i Infotech Consumer Services Ltd. has been granted license by the Controller of Certifying Authorities, Department of Information Technology in the Ministry of Communications & Information Technology, Government of India, for offering digital signatures to retail consumers.
eMudhra Digital Signatures can be used for:
- Online Banking
- Credit Card or Loan Application (Origination)
- Other Instructions like ECS Mandate
- Online Trading
- Online Trading Origination
- Insurance Origination / Claims
- eCommerce
- eTender
- eProcurement
- eGovernance
As eMudhra would provide a secure and authentic way to send and file forms and instructions electronically, over time it would move a number of paper-based transactions into electronic transactions and would revolutionize the way various transactions happen in the country. For example:
- While hitherto even after online tax filing one has to send a signed physical form separately, digital signatures will obviate the need for sending physically signed forms
- While hitherto banks restricted the amount for online money transfer to smaller amounts, with digital signatures they would be able to transfer any amount.
Commenting on the occasion, Mr. V. Srinivasan, Managing Director and CEO, 3i Infotech, said, “At 3i Infotech, we are committed to deepen our focus towards the domestic market and drive innovative technology that is beneficial to the end consumers. With this objective, we launched our Consumer Services division. We are pleased to introduce eMudhra, an initiative which demonstrates our passion to deliver trusted value-added services to our customers that will change the way customers use the Internet in their daily lives.”
Mr. Ravi Jagannathan, Managing Director and CEO, 3i Infotech Consumer Services Limited, said, “We are the first company to launch eMudhra Digital Signatures for retail consumers. eMudhra will revolutionalize the way an individual performs his day-to-day financial and legal functions. This initiative is an important milestone in our journey towards providing disruptive solutions to the Indian consumers and we are confident that our investment and commitment will benefit them and keep them at par with consumers of any developed economy.”
eMudhra Digital Signatures are powered by public-key infrastructure (PKI) technology, widely recognized as best practice for ensuring digital accountability for electronic transactions, thereby making eMudhra Digital Signatures an effective, secure, and easy-to implement method of providing accountability for enabling electronic transactions, while adhering to the important requirements of authentication, integrity, confidentiality, non-repudiation and legality.
About 3i Infotech
3i Infotech is one of India’s leading IT companies and among the top 4 Indian Software Products Companies.* The Company provides software products and IT services (Managed IT Services, Application Software Development & Maintenance, Payment Services, Business Intelligence, Document Imaging & Digitization, Operations Outsourcing (BPO) and IT Consulting) for the Insurance, Banking, Capital Markets, Mutual Funds, Wealth Management and Government verticals. The Company services customers in over 50 countries across 5 continents.
3i Infotech is SEI CMMI Level 5 compliant for Software Services, ISO 9001:2000 for BPO Services and ISO 27001:2005 certified for Infrastructure Services.
* Source: Dataquest
For more information, please contact:
M.B. Battliwala
Senior General Manager
3i Infotech Limited
Akruti Centre Point, 6th Floor
M.I.D.C Central Road
Next to Marol Telephone Exchange
Andheri (East), Mumbai - 400 093
India
Tel: 91-22-39145560
Fax: 91-22-39145520
E-mail: corporate@3i-infotech.com
Disclaimer
Except for the historical information contained herein, statements in this release, which contain words or phrases such as "will", "would", etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of principal international markets, the performance of the industry sectors in which our clients are based, the performance of the information technology industry sector world-wide, competition, our ability to obtain statutory and regulatory approvals and to successfully implement our strategy, future levels of our growth and expansion in business, technological implementation, changes, advancements, and redundancies, the actual demand for software products and services, or the future potential or feasibility thereof, changes in revenue, income or cash flows, our market preferences and our exposure to market risks, as well as other risks. 3i Infotech undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.