Nokia Networks, a division of Nokia, has joined forces with 724 Solutions Inc. to offer the banking establishment a new software to enable its customers to conduct wireless banking transactions.

The two companies will market and deploy the Nokia Activ Signet Solution with the 724 Solutions Financial Services Platform. The Nokia Activ Signet Solution offers further digital-signing capabilities via mobile devices on banking and B2B transactions that require a high level of security. This is in keeping with the recent legislation passed in various markets recognizing contracts signed by digital signatures as legally binding.

The Nokia Activ Signet Solution

• Enables certificate and digital signature validation and on-line certificate enrollment
• Based on open standards, such as PKI , on which the security aspects of the WAP 1.2 specification is built
• Supports WAP 1.2 compatible phones which will include Wireless Identity Module, the tamper-resistant module for private key storage and crypto operations

Commenting on Nokia’s relationship with 724 Solutions, Jukka Riivari, Nokia’s director of sales and marketing, said, "With 724 Solutions, we will be able to give customers quick access to turnkey solutions when they want to undertake a new range of wireless transactions, such as large-value funds transfer, loan and mortgage agreements, and credit card applications."