Namad

NAMAD is a system for ensuring security, confidentiality, authenticity, integrity and non-repudiation in the banking network that outputs secured digital identification for customers for availing virtual banking services. The scheme has been set up for the implementation of digital signature certificate in the banking system and its employ in such critical governance systems such as foreign exchange portal (SANA), SEPAM, KASHEF, SATNA, CHEKAVAK and PAYA. Set up and implementation of the scheme by rigorous efforts of the native specialists would provide the banks and customers with an integrated, centralized and more importantly secured infrastructure and from now on customers of the banking network, regardless of the service provider bank, may use digital signature certificate for availing the banking services. Public key infrastructure (PKI) as the bedrock of the national internet and virtual banking has been launched for the purpose of issuing digital signature certificates for customers of the banking network and setting up customer identification information database. Before NAMAD entering into operation the customer identification process was characterized by using disorganized and highly perilous  security  schemes in the cyberspace with tacit and precarious legislative support for transactions. This project was implemented in June 2011 and became fully operational in March 2013 in all banks nation-wide. Licensed banks and credit institutions can draw membership to NAMAD by filing a membership request and signing membership agreement for benefitting from services offered by the scheme for interchange of safe electronic messages in virtual environment.
 
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