.bank will launch into general availability on 24 June at 00:00:00 UTC for all eligible members of the global banking community. Managed by fTLD Registry Services, the private company owned, operated and governed by banks, insurance companies and their respective trade associations, “.bank”, is a new communications channel, fortified with enhanced security measures that exceed those of most existing and new gTLDs . During the initial sunrise registration period, there were more than 700 applications made for .bank domains.

“For banks looking for an innovative, secure way to connect with customers, partners and regulators, .bank is the solution,” said Craig Schwartz, managing director of fTLD. “This is a pivotal opportunity for the industry moving forward, and we’ve seen significant demand for .bank registrations during sunrise. An increasing number of banks recognise that a .bank domain will signify that their institution has been verified as legitimate and committed to implementing security requirements that go beyond existing standards to protect customers’ sensitive information.”

All .bank domains will meet enhanced security requirements that are not mandated in other top level domains. Symantec, a global leader in security, is adding a layer of trust to .bank by verifying the authenticity and eligibility of companies requesting domain names before they are awarded. Additionally, Architelos will provide security monitoring services for the .bank domain and will provide an additional layer of protection to the new domains by implementing its NameSentry service to monitor for domain name abuse schemes including phishing, distribution of malware, use of botnets and spamming.

.bank is the first top level domain created specifically by and for the banking industry,” said Nate Wehunt, senior vice president and digital channels manager at City National Bank. “The enhanced controls and protocols that are integral to .bank raise the standards for security. What’s more, this initiative provides a new layer of support for the ever – evolving cyber security space, and – as the first bank to be issued a .bank domain name – City National is pleased to play a leadership role.”

In addition, the enhanced security requirements will help eliminate cybersquatting and typosquatting. Requirements for strong encryption will help prevent cyber criminals from eavesdropping and data tampering, while ensuring that the intended recipient – other institutions, vendors, customers and regulators – is reading the exact communication sent.

“Symantec has partnered with fTLD to ensure that every .bank domain begins with a solid foundation on which a bank can build and maintain its online brand,” said Geoffrey Noakes, Senior Director of Business Development at Symantec Corporation. “We recognize the industry demand for a more secure channel to exchange information with other institutions, vendors and regulators. With a leadership position in the security industry, Symantec is proud to bring its knowledge and expertise to the .bank platform.”

“More and more, clients are using online services to manage their financial lives,” said BB&T Chairman and CEO Kelly King. “The new .bank domain is a great way to show them that financial institutions are committed to a safe and secure experience. This is an opportunity for the entire banking community to create a trusted and clearly identified space for online banking services.”

All chartered and supervised banks and savings association are eligible to register domains in “.bank.” All domains are available from fTLD – approved registrars and will be awarded on a first – come, first – served basis. The current list of registrars is available at www.register.bank/registrars.

About .BANK
.BANK is a new top level domain developed by and for the global banking community. It is a trusted, verified and more secure location on the Internet for the banking industry and the customers it serves. fTLD Registry Services, an organization established in 2011 by a coalition of banks, insurance companies and financial services trade associations from around the world, manages the .BANK domain. For more information, visit www.ftld.com

This .bank news release was sourced from:
https://www.ftld.com/WP/wp-content/uploads/2015/06/dotBANK-GA-Press-Release-20150618.pdf