Money Partners signs up to Centralised Password System
The secured loans specialist MoneyPartners has been the first organisation to sign up to the centralised password system Unipass.
Unipass is the free-to-use password system for the financial services sector in the UK and is one of the initiatives of Origo, the e-commerce standards agency.
The Unipass system alleviates the need for financial intermediaries having a different password and login for each of the organisations they interact with. Passwords are effectively replaced by each user having a digital certificate eliminating the need to re-key passwords for each site visit.
The Money Partners IT Manager Richard Davis said “I wholeheartedly encourage others to join us so that this broker-friendly system achieves critical mass as soon as possible. It took us less than 10 days to implement, so other lenders should have no difficulty prioritising it in their list of IT investments.”.
Now I’m a bit of an old hand at this IT lark and think these centralised password hub type things are a bit gimmicky.
Ok, you sign up to them and your people don’t have the awkwardness of remembering perhaps 16 characters and keying them into their computer - but ultimately, how will signing up to Unipass improve your bottom line?
