Dubai-based IFA Securities LLC for financial services achieved a full initial approval by SCA ( Securities and Commodities Authority) against “Resolution 67 for the year 2007” by implementing the GebWeb solution. Resolution 67/2007 requires, among others, that each online trading (brokerage firm) has to implement Two-Factor Authentication mechanism and applies digital signatures on each buy/sell stock transaction. The GebWeb solution; the first web -PKI- Public Key Infrastructure wrapper that implements 2-factors authentication and digital signature for web transaction is an in-house copyrighted PKI wrapper that was developed by “ISnSC Research & Development” FZ LLC. – SG “Security is the most important pillar in the line of our business in online financial services, that's why we have been working hard on meeting the SCA standards to achieve their full initial approval,” said Jamal AlSarabi, CEO of IFA Securities. “Having been enabled to do so by implementing the “GebWeb” cutting edge technology of “ISnSC Research & Development,” “IFA Securities” is now the first UAE brokerage company to achieve full initial approval of R67/2007” AlSarabi added. “We are excited to have IFA securities with its very progressive vision onboard our clientele portfolio,” said Sherif Hazzaa, CEO of “ISnSC Research & Development.” “We have enabled “IFA Securities” to be the first in the Middle East and one of the few around the world who implemented an advanced solution as GebWeb to minimize financial disputes and fraud” Hazzaa added.
