Fiserv has partnered with cybersecurity company BlueVoyant to provide a comprehensive managed security platform to financial institutions.

Under the Fiserv BlueVoyant strategic alliance, the companies will work together to offer a platform that can identify, initiate real-time response and automate remediation of any suspicious activity.

The new platform expands Fiserv’s cybersecurity solutions portfolio and utilises a combination of network and endpoint monitoring, extensive threat intelligence and behavioural analytics.

Recently, Ponce Bank, a lender based in New York, deployed the new solution.

Ponce Bank chief information officer Elizabeth Macias said: “Fiserv and BlueVoyant are delivering a leading-edge cybersecurity solution that is both broader and deeper in its protection than any other solution we evaluated.

“Cyberattacks are a very real threat to financial institutions today.  We are pleased to have implemented this robust tool to protect our customers’ money and their data.”

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Customisable portal

The new cybersecurity solution is designed to address the specific requirements of the financial institutions. Accordingly, Fiserv and BlueVoyant will provide a customisable portal based on the firm’s internal cybersecurity modules.

The platform will offer clear and simple actionable alerts to notify the company.  Skilled cybersecurity experts will work to eliminate any threats.

Financial institutions clients will be provided with consolidated reports on regulatory compliance and threat remediation.

BlueVoyant CEO Jim Rosenthal said: “The solution we’ve developed jointly with Fiserv closes the information and organisation gap.  It offers financial institutions the advanced defences previously only available to the largest banks and government agencies.

“These defences are essential to protect financial institutions, our industry and our economy.”