Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    ;
    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Technology > SECURE CHIP TECHNOLOGY INDUSTRY ACHIEVES INTEROPERABILITY MILESTONE
    Technology

    SECURE CHIP TECHNOLOGY INDUSTRY ACHIEVES INTEROPERABILITY MILESTONE

    SECURE CHIP TECHNOLOGY INDUSTRY ACHIEVES INTEROPERABILITY MILESTONE

    Published by Gbaf News

    Posted on November 6, 2015

    Featured image for article about Technology

    150th Secure Component Qualified by the GlobalPlatform Compliance Program

     In a development which reflects the advanced level of interoperability and stability that now exists within the secure chip industry, the 150th secure component has received independent laboratory qualification to confirm it functionally complies with GlobalPlatform Specifications and other industry requirements.

     The GlobalPlatform Compliance Program qualifies a range of secure components, such as secure elements (SE) and trusted execution environments (TEE), from a number of international manufacturers. Its test tools are also purchased and used by manufacturers to ensure product compliancy throughout the product development process.  The program provides a foundation for interoperability, stability and confidence in the secure chip industry by evaluating the functional behavior of products against GlobalPlatform requirements. This lowers the cost of progress by industry players such as application developers, hardware manufacturers and software developers by removing barriers caused by interoperability issues.

     “The industry clearly recognizes that interoperability is essential to enable mass market deployments,” comments Gil Bernabeu, Technical Director of GlobalPlatform. “The ability to validate that secure chip products are compliant to the specifications helps developers to reduce costs and time to market for their applications. Through our work, there are now 151 compliant products available for service providers to utilize. The result is that service providers can now deploy their services with confidence that the secure chip products they are using will behave exactly as intended and deliver a consistent end-user experience each and every time.”

    To enable the smooth running of its compliance program, GlobalPlatform qualifies independent third-party laboratories and test tools. There are currently five qualified test tools available from five different providers and 16 accredited laboratories which contribute to the development of an open and thoroughly evaluated compliance ecosystem.

     “Compliance is fundamental to the success of any technology,” adds Gil. “To illustrate this, consider that there are a number of SE form factors, developed by numerous companies and used by a multitude of organizations all over the world. These SEs are incorporated into hundreds of different devices and loaded with different applications aimed at a global customer base. Consumers reject products and services that do not function properly and, without compliance, all of this technology would not work together. Compliance is not only business critical, its industry critical.”

     GlobalPlatform has invested in compliance since 2002 to evaluate the alignment of smart cards and SEs to GlobalPlatform Specifications. In 2012, GlobalPlatform expanded its compliance scope to incorporate the TEE to drive its standardization work in this area. Further additions were made in 2014, which enabled mobile handset manufacturers to confirm that products align with SIMalliance’s Open Mobile API (OMAPI) Specification and the GlobalPlatform Secure Element (SE) Access Control (AC) Specification, contributing to seamless NFC deployments for application developers and service providers.

    GlobalPlatform’s Compliance Program infographic

    GlobalPlatform’s Compliance Program infographic

    Related Posts
    Treasury transformation must be built on accountability and trust
    Treasury transformation must be built on accountability and trust
    Financial services: a human-centric approach to managing risk
    Financial services: a human-centric approach to managing risk
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    LakeFusion Secures Seed Funding to Advance AI-Native Master Data Management
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Clarity, Context, Confidence: Explainable AI and the New Era of Investor Trust
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Data Intelligence Transforms the Future of Credit Risk Strategy
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    Architect of Integration Ushers in a New Era for AI in Regulated Industries
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    How One Technologist is Building Self-Healing AI Systems that Could Transform Financial Regulation
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    SBS is Doubling Down on SaaS to Power the Next Wave of Bank Modernization
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    Trust Embedding: Integrating Governance into Next-Generation Data Platforms
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    The Guardian of Connectivity: How Rohith Kumar Punithavel Is Redefining Trust in Private Networks
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    BNY Partners With HID and SwiftConnect to Provide Mobile Access to its Offices Around the Globe With Employee Badge in Apple Wallet
    How Integral’s CTO Chidambaram Bhat is helping to solve  transfer pricing problems through cutting edge AI.
    How Integral’s CTO Chidambaram Bhat is helping to solve transfer pricing problems through cutting edge AI.

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Previous Technology PostFIVE REASONS WHY EVERY CONTACT CENTRE SHOULD HAVE A PCI DSS COMPLIANCE PROGRAMME IN PLACE
    Next Technology PostIS ERP IN THE CLOUD RIGHT FOR YOUR BUSINESS?

    More from Technology

    Explore more articles in the Technology category

    Why Physical Infrastructure Still Matters in a Digital Economy

    Why Physical Infrastructure Still Matters in a Digital Economy

    Why Compliance Has Become an Engineering Problem

    Why Compliance Has Become an Engineering Problem

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Can AI-Powered Security Prevent $4.2 Billion in Banking Fraud?

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    Reimagining Human-Technology Interaction: Sagar Kesarpu’s Mission to Humanize Automation

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    LeapXpert: How financial institutions can turn shadow messaging from a risk into an opportunity

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Intelligence in Motion: Building Predictive Systems for Global Operations

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    Predictive Analytics and Strategic Operations: Strengthening Supply Chain Resilience

    How Nclude.ai   turned broken portals into completed applications

    How Nclude.ai turned broken portals into completed applications

    The Silent Shift: Rethinking Services for a Digital World?

    The Silent Shift: Rethinking Services for a Digital World?

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Culture as Capital: How Woxa Corporation Is Redefining Fintech Sustainability

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Securing the Future: We're Fixing Cyber Resilience by Finally Making Compliance Cool

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    Supply chain security risks now innumerable and unmanageable for majority of cybersecurity leaders, IO research reveals

    View All Technology Posts