CentralNic FinTech introduces .BANK domain names

RNS Number : 4246R

CentralNic Group PLC

29 June 2015

 

Press Release

29 June 2015

CentralNic Group plc

("CentralNic")

CentralNic FinTech introduces .BANK domain names to help banks improve online security

CentralNic plc, (AIM:CNIC) the global provider of domain names, today announces the availability of domain names ending  .BANK, the new secure internet designation reserved exclusively for eligible Financial Institutions as an alternative to .com and .co.uk.

The .BANK domain has strong industry support with over 4,000 .BANK domain names already requested, and endorsers including the British Bankers Association, the American Bankers Association, the Financial Services Roundtable, the Institute of International Bankers and the International Banking Federation.

.BANK domain names are now available through CentralNic FinTech. The London-based business has representatives in New York, Hong Kong, Switzerland and the Middle East to assist qualifying institutions around the globe with the stringent application process.

CentralNic CEO Ben Crawford said, "As the internet becomes increasingly vital for the global banking industry, the .BANK Top-Level Domain addresses a number of urgent needs. By making it easier for consumers and search engines to distinguish legitimate bank websites, the .BANK designation will help combat online fraud, improve consumer protection and simultaneously reduce the burden of security costs for the banking community."

"CentralNic FinTech will take the time to ensure that all eligible banks around the world understand how to get a .BANK domain name while they assist through every phase of the application process. With their 20 years' industry experience we are glad to have them working alongside us," added Craig Schwartz, Managing Director of fTLD Registry Services, which established and operates the .BANK TLD on behalf of a coalition of banks and financial services trade organisations.

The introduction of the .BANK "top-level domain" ("TLD") as an alternative ending to .COM and .CO.UK forms part of a restructuring of the internet presided over by industry regulator ICANN. Under this restructuring, global industry verticals are adopting TLDs specific to their business types, such as .design, .college, .bar, .tickets and .host - which are all supported exclusively by the CentralNic technical platform.

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For further information:

CentralNic Group plc
Ben Crawford (CEO)	[phone]
Zeus Capital - NOMAD and Joint Broker
Ross Andrews / Nick Cowles (Corporate Finance) John Goold / Alex Davies (Institutional Sales)	[phone]
Peel Hunt LLP - Joint Broker
Richard Kauffer / Euan Brown (Corporate Finance)	[phone]
Abchurch Communications
Jamie Hooper / Canace Wong	[phone]
[e-mail]	www.abchurch-group.com

About CentralNic

CentralNic (LSE: CNIC) is a London-based AIM-listed company which earns revenues from the worldwide sales of internet domain names over its proprietary technology platform. These domain names are sold on an annual subscription basis and paid for by customers upfront, making CentralNic a cash-generative business with annuity revenue streams.   CentralNic comprises three business lines within the domain name industry.   It operates a global wholesale network, supplying domain names to over 1,500 vendors in 77 countries. CentralNic is the exclusive wholesaler for all domains ending with .tickets, .site, .design .bar, .love, .feedback, .xyz, and over 30 other new Top-Level Domain extensions (the new. alternatives to .com and .net). One in five of all domains registered under new TLDs globally uses the CentralNic platform, ranking CentralNic as the number two global supplier with over one million of these domains under management. CentralNic is also a leading global domain name retailer, with its retail websites including internetbs.net, buydomains.london and domain.luxury.  Additionally, via its enterprise programme, CentralNic supplies domain names (including high-value premium domain names), software and services directly to large corporations and governments.

For more information please visit: www.centralnic.com 

About CentralNic FinTech

CentralNic FinTech is a division of CentralNic Plc that provides a stack and software and services, including .BANK domain names, risk assessments, automated domain name and DNS management software and managed services. CentralNic FinTech's clients include leading global financial institutions. CentralNic is based in the City of London, with representatives in London and other major banking centres, including New York, Hong Kong, Switzerland and the Middle East.

For more information please visit: www.centralnicfintech.com

 

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