News & Events

Softlock OTP system is now Running at Egyptian Arab Land Bank


Softlock is always there, standby to comply to any market requirements in IT field.
Accordingly &  Complying to the new regulations of the Central Bank of Egypt that
forces the use of the OTP system (One Time Password system) for on-line banking,
and prohibits the use of just Username and Password,
Softlock has signed, delivered and implemented their first Bank OTP system to one
Of the giant Governmental banks in Egypt, The Egyptian Arab Land Bank.
The OTP system is one of the secured means of access to on-line transactions in order to
Identify and authenticate the account user and thus highly reduces the threat of hacking.
Softlock OTP system is now Up & Running at EALB.