You are here: Home - News -

Online security application

  • 04/12/2001
  • 0
E-commerce security company, Security and Standards has just entered the financial compliance market...

E-commerce security company, Security and Standards has just entered the financial compliance market with a security application that claims to remedy security and compliance issues concerning online transactions.

Under CP98 compliance regulations, the legal verification of documents downloaded across the internet and the tracking of documents that a broker has shown clients and when, will assume greater importance. While the facility to date and time stamp downloads by a broker already exists within some networks’ and lenders’ software there remain grey areas.

John Ross, managing director of Security and Standards, said: ‘Currently, no independent verification of transactions is available on the market. GrowlTech: Buyer’s records are tamper and time proof, they come complete with an audit trail and a trusted electronic signature, which is legal proof of a business undertaking.’

GrowlTech: Buyer, the product to be targeted at the mortgage market, creates secure business transaction records that can be used as legal evidence in the event of a compliance visit, or a dispute. The software will store a secure and unalterable record of all transactions on the host’s server, including purchases, agreements and discussions that take place online, plus evidence of sites accessed. The Growl component of the application will automatically confirm the identity of any site the host is connected to, assess the validity of the secure connections and confirm any certification the site may have.


There are 0 Comment(s)

You may also be interested in

Business Skills

In this section, we offer short ‘how to’ guides on harder to crack areas of business. From social media, to regulation or niche product areas, we cover it all.


Our journalists interview key industry entrepreneurs, strategists and commentators for day-to-day market insight and a strategic view of where the industry is heading. We offer lessons for success and explore the opportunities for your business

Success in Practice

Here, we share case studies fleshing out best practice to help you decide what could work for your business. Take a look at how others approached complex tasks like launching a new mortgage lender, advising on a new product area or deciding to specialise in another. Learn from others mistakes and triumphs.


Each week, we ask top mortgage and property commentators with a unique perspective to examine a key news headline, market move or regulatory or political issue.


Vote in our weekly poll here. It’s your chance to tell us what you think and be heard on the top news stories of the week. Review our archive to find out what your industry really thinks and all our coverage of the results.

Top Comments

Be part of the conversation on Mortgage Solutions. We want to hear from you. We have a tool called Disqus to tell us which stories get the most comments each week. Every Friday, the team picks the most thoughtful or opinionated contributions from our readers to enjoy again. Don’t forget to share your favourite stories from the site on social media to keep the conversation going.
Read previous post:
New boss required by Mortgage Brain

Mortgage Brain is advertising for a new chief executive and IT director to help take the trading pla...