Palo Alto, CA (PRWEB) May 07, 2013
London | Salix Insurance Systems, a leading vendor of core information systems for insurance industry, has teamed up with Guardtime, the provider of Keyless Signature Infrastructure (KSI) based services for validating the integrity and authenticity of digital data. The parties will integrate KSI into Salix’s Pharos solution that covers the day-to-day and the critical parts of insurance technical and administrative operations.
Guillermo Turk, co-founder and Director of Salix said: "Guardtime integration gives Pharos platform users confidence that their agreements are always enforceable, their system audit trails always fit for regulatory scrutiny and their companies can never be drawn to lengthy and costly disputes over integrity of any of their stored data."
Pharos went with Guardtime to bring the forensic quality audit-trail down to the data level. Every bit of data that is created within the Pharos platform - every policy, agreement, quote, communications event - is augmented with the Keyless Data Signature and becomes independently tamper-evident, and since the Keyless Data Signatures never expire, the tamper-evidence stays with the data for its entire lifetime.
Mike Gault, CEO of Guardtime said: “The Insurance industry concludes agreements that have to stay in place for tens of years and therefore represent a perfect use-case for KSI technology Guardtime deploys to ensure the independent verifiability of authenticity of any electronic data.”
When electronic data is presented together with the Keyless Data Signature, it can be irrefutably proven that the data has not been tampered with since it was created, making the e-discovery process simple, transparent, independent from Guardtime or any other third party and as a result - a magnitude more cost effective.
Most recently, Guardtime announced a partnership with the Parity Energy for regulatory compliant archiving of voice messaging, with Ningbo Certificate Authority in Zhejiang province in People’s Republic of China to bring proof of time and integrity to government services, with Japan Drones to provide additional layer of security for UAV control software, and with CAT Telecom, the state-owned telecommunications incumbent in Thailand.
About Salix Insurance Systems
Salix Insurance Services Ltd was incorporated in 2006 in London, for the purpose of designing and developing a world class global information technology solution for insurance companies. Today, Salix has operations in Latin America, North America, Europe and Asia. For more information visit http://www.salixis.com.
Guardtime was founded with the goal of solving one of the biggest problems in computing: how to authenticate electronic data. Guardtime's Keyless Data Signatures provide proof of signing time, signing entity and data integrity while the verification of the signature can be done offline without reliance on keys, secrets, or the existence of a trusted third party. Guardtime's mission is to change the world to one in which Keyless Signatures are ubiquitous and a natural part of the everyday data lifecycle, whether on disk, in transit, or in the Cloud. Visit http://www.guardtime.com for more information about keyless data authentication.