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November 17, 2021

Bank Leumi selects GigaSpaces to expedite deployment of digital services

Israel’s Bank Leumi has selected GigaSpaces Technologies to expedite the deployment of several digital applications.

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Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
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  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
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The lender will leverage GigaSpaces’ Smart DIH solution to execute the vision.

This Smart DIH is based on GigaSpaces’ distributed in-memory data platform. It enables the development and roll out of digital services for organisations by decoupling their API-powered digital applications from their Systems of Record.

According to the company, the process accelerates innovation.

Alongside, Bank Leumi also made a strategic investment of $8m in GigaSpaces as part of a larger funding round. The investment was made through Leumi Partners investment arm.

GigaSpaces CEO Adi Paz said: “Demand for digital services is increasing to new heights and the world’s leading enterprises must innovate or perish.

“GigaSpaces is committed to powering business-critical applications and providing our customers a solution to accelerate their digital transformation performance, regardless of how advanced they are in their transformation journey.

“Bank Leumi’s investment will enable us to stay at the forefront of innovation and is an additional testament to the confidence our customers have in GigaSpaces’ technological leadership.”

Bank Leumi CTO Jaime Schcolnik said: “The collaboration between Bank Leumi and GigaSpaces represents a significant realisation of our vision for the future of banking, by implementing GigaSpaces’ groundbreaking solution for fast and secured transfer of data from the bank’s core systems to the bank’s secured cloud.

“In this way our customers will benefit from faster and more secure digital banking services.”

Free Whitepaper
img

Never Trust, Always Verify: Is Zero Trust the Next Big Thing in Cybersecurity?

Cyberattacks continue to rise every year and no sector seems to be immune. Hackers target sensitive information such as organizational, client, and financial data, as well as intellectual property (IP) and proprietary functions. As digital transformation becomes a top priority for many organizations, traditional perimeter-based security models are no longer sufficient to address the growing cybersecurity concerns. Against the backdrop, enterprises explore zero trust as it takes a micro-level approach to authenticate and approve access at every point within a network. Reasons to read: The cybersecurity landscape is swiftly changing, and businesses need more awareness to meet the evolving change. The report highlights the current state of play and the future potential of the zero trust approach in cybersecurity to protect critical digital infrastructure of enterprises across sectors such as financial services, healthcare, telecom, and transportation, among others. Read our report and gather insights on the following topics:
  • Traditional vs zero trust protection
  • Key advantages and solution providers
  • Major industries and key players
  • Drivers and challenges
  • Top funded startups and Mergers & Acquisitions
  • Implementation challenges
by GlobalData
Enter your details here to receive your free Whitepaper.

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