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January 11, 2018

Banking Systems of Panama taps Sequrest to secure online banking operations

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

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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.

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.

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.”

Free Report
img

What does the future hold for BNPL market?

The global Buy Now Pay Later (BNPL) market is estimated at a massive $120 million in 2021 – representing just less than 3% of the global ecommerce market. Yet the user-base is massive, with leading provider, Klarna, alone reportedly having 87 million users in 2021. This market is only expected to grow, with established companies like Apple and Goldman Sachs moving into the BNPL sector in bids to capitalize on this trend. To help you make the most of this growing market, GlobalData’s Buy Now Pay Later in 2022 and Beyond report provides detailed insight into the BNPL sector. This report:
  • Discusses the disruptive potential of the BNPL sector on the payments industry
  • Identifies the leading companies that are driving sector growth and the benefits this new payments solution provides to both merchants and consumers
  • Analyzes the consumer’s risk of using BNPL loans and government attempts at introducing regulations to the sector
  • Uncovers the main risks that consumers expose themselves to when borrowing with BNPL
Download this free report to get to know where this developing market is headed, and how you can reshape your strategies.
by GlobalData
Enter your details here to receive your free Report.

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