Fidelity Bank (Cayman) Limited announced today that effective immediately it will be introducing more robust On-Line security features to militate against the increasing incidence of bank fraud that is prevalent in the country.  Specifically, every On-Line transaction that customers initiate will now require a special code.  This code will be texted by Fidelity to the customer’s private cell phone on file each time an On-Line transaction is initiated.  This way, every transaction will  have  a  unique,  randomly  generated  transaction  code  that  must  be entered before Fidelity will process the transaction and this code will only be available on the customer’s cell phone.

Anwer Sunderji, Chairman said  “We are seeing increasing incidents of “Phishing” by unscrupulous people who are using information they illegally obtain to cheat innocent customers.    We are confident  that  the  new  measures,  which  include  additional  security features we are announcing today, will substantially reduce the incidence of On-Line fraud.  The new features are effective  immediately  and  On-Line  initiated  transactions  will  only  be processed using the texted code. We urge our customers to sign up immediately to the new features when they log on to https://www.fidelityonline.ky and follow the simple step by step process that we have highlighted on the website.  Our customer service people are on standby to assist you in case you have a problem.  Our On-Line features remain available free of charge to all our customers.”

He added “Fidelity is proud to be pioneering cutting edge technology and leading the way to a safer and more secure banking experience. The new enhanced “fortress” features continue the pace making reputation we have already achieved”.

About Fidelity

Fidelity Bank (Cayman) Limited is a wholly owned subsidiary of Fidelity Bank & Trust International Limited (FBT). FBT is a bank holding company incorporated in The Bahamas with licensed retail banking subsidiaries in The Bahamas and the Cayman Islands.  FBT operates primarily in the personal banking segment and has consolidated assets of over $600 million.  FBT also has a stake in Royal Fidelity Merchant Bank & Trust Limited, a joint venture with  Royal  Bank  of  Canada,  which  provides  investment  banking,  corporate  finance,  and  wealth  management services.