London-based Sequrest has entered into a strategic partnership to provide cyber security defence solutions to the customers of Banking Systems of Panama.

Under the ten year agreement, Sequrest will work with Banking Systems’ global customer base of NexorONE and Bansoft users to minimise the risk of hacking, combat cyber threats and implement biometric and facial recognition technology.

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Used in more than 40 countries, Banking Systems’ online banking solutions cater to multiple financial sectors including online and private banks, savings and loans, credit unions and payment platforms.

Banking Systems CEO Remy Swaab said: “Sequrest will work with our banking customers to address the escalating risks faced in the digital financial world.

“As a global company, we wanted a partner that understood global risks and could deliver a full spectrum of cyber security solutions that offer complete protection to our customers, irrespective of where they are located.”

Sequrest managing director Robert McClure said: “As a world leading e-banking platform provider, Banking Systems are well positioned to enable their customers to mount an effective cyber security defence against current and future threats.

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Sequrest offers various cyber security solutions such as facial recognition and biometric technology, encrypted communications and multi-factor authentication customised according to requirement of each financial institution.

McClure added: “By partnering with Sequrest, Banking Systems will be able to continue focusing on providing the highest quality banking solutions secure in the knowledge that the industry’s leading solutions are protecting their customers from cyber threats.”