A B S T R A C T

• Integrated multi-functional banking systems as a means of increasing security and efficiency of financial operations. Incorporating all applications in an integrated back-office core banking solution provides for centralized control of responsibility allocation and effective operations monitoring. 
• Clients’ cryptographic authentication for direct client servicing and remote banking operations. For remote banking procedures, strong cryptographic algorithms are a standard. For direct client servicing, strong authentication helps to increase quality of service while slashing expenses, and provides protection against forgery or beach of bank secrecy.
• Smart technology for fraud prevention in consumer payment systems. Credit card fraud results in billion dollar losses annually. Smart-card technology has proved to be the most effective method of fraud prevention. 
• Safe mobile banking. Each GSM mobile has a SIM-card with security capabilities similar to those of a smart-card. These capabilities are effective for both mobile commerce and secure Internet-operations.
• Public Key Infrastructure to guarantee security in financial networks. Our company’s practical experience of setting up a Certification Authority, development of a nation-wide interbank network of Registration Authorities, and development of PKI-based financial applications.