More than five hundred European banks register for .bank domain




The June opened registration for the .bank domain now has more than five hundred European banks. Only financial institutions are eligible for the domain and should therefore meet certain safety requirements.

European banks follow thus more than four thousand American banks that have also signed up for a .bank domain. It is managed by FTLD Registry Services, a company that was set up for this task in life. The founders and supporters of the company are banks and insurance companies, including Royal Bank of Scotland Group, JP Morgan Chase and Citigroup.

Only financial institutions are eligible for registration. These include among others, banks, regulators and trade associations. They should previously comply with thirty safety requirements, including the use of two-step authentication, TLS encryption and authentication, e-mail in order to prevent spoofing and phishing. The price of a .bank domain is 1500 dollars, which is converted 1365 euro.

The introduction of the domain must reduce cybercrime. According CentralNic CEO Ben Crawford is the Internet the cause of the problem ‘and will tackle areas’ reduce the risk of theft of intellectual property significantly “, he says to Finextra. The idea to introduce a special domain for certain service providers is already quite old, so in 2007 there were already plans to establish such a domain. It is unclear whether Dutch banks will move to the new domain.


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