Banks often need to exchange files with :

Their Branches
Other Banks
With Central Banks

It is advisable that the files be exchanged such that they are :

Compressed to save transmission time
Encrypted to ensure security and integrity

CompCrypt is utility package that assists Commercial Banks in Compressing and Encrypting the Data Files.

Key features of the system are:

Encryption

To ensure the Authentication, Integrity, Non-Repudiation and Confidentiality of files, BankBridge uses highly secure encryption algorithms which conform to International standards.

Compression

Standard ASCII files, when compressed, can result in a huge saving in bandwidth and reliability of transfer. CompCrypt compress files by upto 95% using a sophisticated compression technology resulting in transfer times of minutes rather than hours.
* CompCrypt was released in Q4 2001 and is running live at Member Banks
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