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News

Major UK bank partners with PGP for banking security

PGP (GB) : 22 May, 2008  (Application Story)
Barclays Bank and PGP enter partnership agreement for securing customer records and sensitive banking information
PGP Corporation has announced a strategic technology partnership with Barclays Bank to safeguard sensitive information across the Retail and Commercial Banking organisation globally. Barclays has selected the PGP Encryption Platform to form the foundation of its enterprise data protection strategy - securing data across the enterprise in a variety of forms.

As a major global financial services provider operating in over 50 countries and employing some 135,000 people, Barclays sought a manageable solution that could be easily extended to accommodate growth in use of encryption technologies, whilst ensuring regulatory compliance within a complex global marketplace.

"Together with its proven track record in delivering enterprise data protection solutions, the breadth of PGP solutions assured us that it could address a wide variety of encryption needs today, whilst supporting innovation for tomorrow," said Rick Carey, Barclays COO of Global Retail and Commercial Banking Technology. "PGP Corporation's vision in offering a robust, enterprise-wide key management solution was further indication of a forward-thinking organisation, capable of supporting the specific complexities of a regulated global organisation such as Barclays."

As part of the strategic partnership, Barclays will work closely with PGP Corporation to extend its key management solution and further develop the technological offerings to customers and other corporate stakeholders.

"We are very pleased to be working with Barclays on this long-term partnership," said Phil Dunkelberger, President and CEO, PGP Corporation. "By demonstrating its absolute commitment to the security of customer and corporate information, Barclays has cemented its reputation as a genuine leader in enterprise data protection."
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