Bajaj Capital Secures Justtrade.in With RSA SecurID

The major concern for online financial trading platforms is security, especially when it comes to securing confidential customer data. Tools such as tokens and various types of authentication techniques are generally deployed as a means to override such concerns. The recently launched Justtrade.in, which is an end-to-end online investment and stock broking solutions platform, had similar security concerns and therefore, planned to join hands with RSA to ensure its customers had a safe online experience.

Promoted by Bajaj Capital, Justtrade.in allows investors to transact seamlessly across shares, F&Os, mutual funds and IPOs with the click of a button. Launched in January this year, Justtrade.in now employs two-factor authentication provided through the RSA SecurID solution, this is the latest update on the security front as far as Bajaj Capital services are concerned.

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A Glimpse into the IT Set-up

The IT infrastructure at the company’s data centre at Nehru Place, Delhi includes the latest Dell/ Sun/ IBM and HP Blade Servers running round the clock and supporting the IT requirements. All critical data storage has been on EMC SAN. Bajaj Capital also has multiple Internet bandwidth providers that supply redundant Internet bandwidth for non-stop working of the data centre. All the regional/ zonal/ branch offices and call centres across India are connected to the HO through RF/VPN facilitating uninterrupted IT operations.

Parveen Sachdeva, AVP - IT & Systems, Justtrade.in, Bajaj Capital, says, “In addition to the above-mentioned architecture, all the sales staff across India have the latest Blackberry devices as well as laptops with wireless Internet connectivity through data cards. The Blackberry server has also been hosted at the company’s data centre in order to have a backup of all the mails sent or received through the same.”

For launching a service like Justtrade.in, the IT requirements included various high-end servers, highly customised front-end and back-end software and reliable and high capacity Internet bandwidth. The company also required experienced IT personnel to manage a large data centre that would accommodate the required IT infrastructure. It took 18 months of hard work for the entire dedicated team (comprising seven to eight people) of Justtrade.in to launch the portal successfully.

Functionalities of RSA SecurID

After all the hard work and sweat that was put in to get this service up and running, let’s see how Bajaj Capital barricaded Justtrade.in with RSA SecurID system.

Through the RSA SecurID solution, the customer’s identity is verified in two ways; using something they know (a password) and something they have (an RSA SecurID hardware authentication tool such as a token). The token - small enough to put on a key ring – contains an LCD display that displays a new, unpredictable code every 60 seconds. The user combines this randomly generated number with his or her secret Personal Identification Number (PIN) to log into his account via the Justtrade.in portal.

“Companies generally use the same old 128 bit, SSL-based encryption for transactions conducted over the Web. We have moved a step ahead by offering this solution. The implementation of the solution is almost complete and currently the same has been put to a beta run for users, who transact through Justtrade.in on a regular basis,” says Sachdeva.

The RSA Benefit

According to Sachdeva, Justtrade.in is proud to offer this state-of-the-art authentication system based on technology from RSA Security. If used properly this security technology will not permit unauthorised access. “RSA helped us in reaching this main goal i.e. securing critical online transactions conducted through Justtrade.in,” explains Sachdeva.

Looking Forward

“We at Bajaj Capital are now looking for a brand new place, which will cater to our Disaster and Recovery Systems (DRS) for the whole IT infrastructure. This is prevention against natural calamities and manmade threats like terrorist activities. In the user access security scenario, we are also looking at PKI and biometric-based login for employees and partners in the extranet so as to enable secure access to information through the same. We have also recently launched a comprehensive, 360 degree, online business platform for our sub-distribution partners across the country,” concludes Sachdeva.