PKI in Action: Inter-bank Financial System The Bank of Thailand - - PowerPoint PPT Presentation

PKI in Action: Inter-bank Financial System

The Bank of Thailand

• The Central Bank of Thailand
• Established in 1942
• Operates Thailand’s Interbank High-value and High-

volume Payment Systems

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Ref: http://www.bot.or.th/English/AboutBOT/Pages/index.aspx

Financial System and PKI Development Timeline

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1995 2000 2005 2010 2015

2nd Generation

• Trusted 3rd Party CA
• Support new technology

and devices

May, 2013

1st Generation

• Security and PKI Infrastructure for

Interbank Financial Systems

• BOT as CA
• Many paper works

2001 1998

• Electronic Report

Submission

• 1st System to use PKI

1st Generation

1995

• Real Time Gross

Settlement System (RTGS)

• Proprietary Technologies

2012

• Imaged Cheque Clearing
• One day clearing nation‐wide
• 220K Cheque cleared / day

PKI and Internet Technology reach maturity

2nd Generation

2001

• New business req.
• Internet Technologies
• $100B / day

2003

• Electronic Data

Submission

• 1 TB /month

No PKI Regulations yet. Thailand’s PKI Infrastructure reach maturity Some PKI Regulations.

3rd Generation

May, 2013

• Technologies

Update

• Ready for

Cross‐border transaction Ref: http://www.bot.or.th/English/PaymentSystems/Pages/index.aspx

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PKI for Financial System

Staff Competencies Accountable Agreement and Processes Technology Maturity

Critical Success Factor

Members Acceptance and Trust Management Support Law and Regulations Infrastructure Maturity FUTURE

• Handle new opportunities

and threats

FUTURE

• Expand User Group

FUTURE

• Regional and Global

Cooperation

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