Case Study: Swedbank achieves compliant, centralized key management with Cryptomathic CKMS and TKMS

Swedbank modernizes key management for 300 systems and millions of keys with Cryptomathic

Swedbank, a major European card payment acquirer, faced significant challenges with its legacy cryptographic key management system, which was cumbersome, difficult to scale, and becoming prohibitively expensive to operate. As the system approached end-of-life, Swedbank needed a modern solution from a vendor like Cryptomathic to streamline processes, ensure regulatory compliance for its millions of keys, and support future business growth securely.

Cryptomathic implemented its Crypto Key Management System (CKMS) and a new Terminal Key Management System (TKMS) tailored for Swedbank. The solution provided automated workflows, tamper-evident auditing, and centralized control. This allowed Swedbank to significantly reduce key management costs, successfully pass a critical VISA audit, and securely scale its operations. The project, delivered on time and on budget, gave Swedbank a high level of assurance that its cryptographic systems were managed effectively.

Swedbank