Alliance Bank Malaysia Berhad selects e-Lock's GRID Solution to enhance security for its Internet banking users

January 2006, Kuala Lumpur - Alliance Bank Malaysia Berhad (Alliance Bank) recently concluded an agreement with e-Lock Corporation Sdn. Bhd. (e-Lock) for the deployment of e-Lock’s Identity Theft Prevention Solution, The GRID, in the Bank’s online banking infrastructure. With the GRID solution in place, Alliance Bank now has one of the most complete and cost effective identity theft prevention solutions in the market today as a testament of its commitment to continuously enhance online security.

Dr. Ken Leong, CEO of e-Lock, commented, “We are very pleased to have such a prestigious customer like Alliance Bank adopting our The GRID solution. This gives us an opportunity to showcase to the world market the strength of The GRID solution in assisting e-commerce and Internet banking service providers by enhancing the security of online transactions. By preventing identity thefts, we hope that this would significantly increase the market confidence in on-line payments, consequently, increasing the growth of e-commerce markets globally.”

Mr. See Beng Keong, Senior General Manager, e-Banking for Alliance Bank said, “Since the inception of our Internet banking service, allianceonline, we have been expanding our client base by enhancing our online banking service capabilities and at the same time ensuring performance in service reliabilities and response of our system. To encourage our online users to fully embrace our Internet banking suite of services, our highest priority is to ensure the financial transactions conducted through this channel is secure.

The GRID solutions allows the Bank to address current and future concerns and issues in the area of authentication in relation to Internet related financial services. Its multi-layered protection model ensures our online customers’ confidential information is always protected when interacting with Alliance Bank.

In summary, the GRID’s Identity Theft Prevention Solution addresses the consumers’ demands for assurance for security and trust in online banking. The GRID solution today is a significant milestone for Alliance Bank. We are confident of continued growth for acceptance of allianceonline service with this security enhancement in place.”

About e-Lock Corporation Sdn Bhd
Founded in 1996 by Dr. Ken Leong, e-Lock Corporation Sdn Bhd is a leading provider of complete information security solutions and services with various clients in both private and public sectors, particularly in banking, finance, large corporations and government. Their main headquarters is based in the heart of Kuala Lumpur, Malaysia, with a second office in Shinjuku-ku, Tokyo. Since year 2000, e-Lock has been a member of Permodalan Nasional Berhad Group of companies. Todate, e-Lock has customers in other countries such as, Japan, Taiwan, China, Hong Kong, Singapore, and South Africa.

For further information, kindly visit www.elock.com.my, e-mail info@elock.com.my, or call e-Lock Corporation at +603 – 2166 2981.

About The GRID Solution
The GRID solution was developed to address one of the main security issues faced by all Internet users and service providers today – digital identity theft using phishing, pharming, key-logging, and man-in-middle attacks. While The GRID provides a complete solution to prevent those attacks, it was designed such that ultimately the end user and service providers can confirm the true identity of each other, easily, without the user having to learn new protocols or carrying additional hardware devices. In summary, The GRID provides a patent pending technology for 2-way authentication that includes 2-factor hardware device authentication.

To know more about The GRID, visit www.elock.com.my or e-mail info@elock.com.my .

About Alliance Bank and allianceonline
Alliance Bank Malaysia Berhad has had more than 4 decades of proud history in contributing to the financial community with its innovative and entrepreneurial spirit to business. As a full-fledged financial services provider, Alliance Bank continuously strives to provide its customers with excellence and innovation in its services and products. With over 65,000, users, Alliance Bank has been continuously enhancing its allianceonline business and personal banking services capabilities and performance. A wide range of self-service payment and cash management services for business and personal banking was implemented and has been well-received by the allianceonline users. Alliance Bank has over 3,000 employees in 77 branches nationwide.