ARM is teaming up with Gemalto and Giesecke & Devrient (G&D) on a joint venture. It has claimed to develop a common security standard for connected devices in a bid to make services such as mobile banking and payments safer.
The JV - still subject to regulatory approval - is believed to see the three firms contribute patents, software, people, cash and capital equipment. The aim of the JV is to create a 'trusted execution environment' (TEE) based on the ARM TrustZone security technology, for connected devices like mobiles, tablets and games consoles. This "secure environment for software execution" will also tap hardware security and industry standard interfaces, such as those from GlobalPlatform.
Warren East, CEO, ARM said, "The integration of the hardware, software and services necessary for system-wide security has been slow. I am confident that this new joint venture will accelerate the adoption of a common security standard, enabling a vibrant ecosystem of secure service providers to emerge. This will be of significant step in terms of improved consumer trust in secure transactions on connected devices."
