London, British isles / Sarasota, FL, Sept. 13, 2022 (Globe NEWSWIRE) — via NewMediaWire — CyberloQ Systems, Inc., a cybersecurity technological know-how organization, is delighted to announce a strategic collaboration for its proprietary MFA know-how with Pannovate’s Banking Orchestration System.
Award winning system Pannovate is a Banking-as-a-Services and orchestration layer that enables banks, fintech and organizations to power advancement and produce seamless electronic and embedded finance ordeals to change lives, doing the job globally with innovators, digital banks and chopping-edge startups.
CyberloQ has created the most sturdy, adaptable and dynamic safety resolution readily available to the payments business. By incorporating Multi-Variable Authentication, Geofencing, Access Qualifications, and Comprehensive Activity Logging, CyberloQ’s Multi-Factored-Authentication (MFA) technology will be integrated into Pannovate’s Banking Orchestration Platform to produce a distinct and exclusive cyber-security solution precisely for the banking and payment field. The Banking Orchestration System will be equipped with the most extensive protection suite out there for combating fraud for its purchasers, and will be modular and scalable, thereby enabling the process to increase with their clients’ safety demands.
To reply to the altering fraud landscape, at the heart of CyberLoQ’s architecture is a proprietary Transaction Hazard Assessment engine that leverages main-edge Multi-Element Authentication and Authorization (MFA) protocols to reduce fraudulent accessibility to on-line devices and the electronic assets and delicate details that they residence.
Their option shields accessibility to sensitive Own Identifiable Details (PII) and to any digital property such as, but not confined to Lender Card and Electronic Payment Packages (any financial institution issued credit score, debit, prepaid cards), Web-sites, Business enterprise Purposes or computer software that requires consumer input of predefined credentials, IoT Platforms, Machines or Method Activations such as Smart Equipment, Key Card Entry Units, and entry to Structured Info / Unstructured Facts.
“We welcome the dynamic option to get the job done with Pannovate in a forward-pondering way to not only generate seamless and safe efficiencies but also to collaborate on new industries and technologies, as they are formulated,” reported Chris Jackson, CEO of CyberloQ. “Further combining our collective strengths is critical to our eyesight of discovering new technologies and partnerships in new and interesting industries that need to have CyberloQ.”
Commenting on the collaboration, Pavle Ljujic, Founder at Pannovate adds, “Cybercriminals have been shifting their aim to consumers’ private and fiscal facts and where however quite a few other individuals have fallen prey to on line fraudsters who entry their passwords, OTPs and lender specifics this collaboration will come at the most pertinent time where by cyberattacks are viewed as one particular of the most significant threats globally, but even additional so for the banking sector, where fraud can no for a longer period be seen just as a single isolated incident or a compliance difficulty.”
CyberloQ is a cybersecurity solution that enables purchasers to apply hugely sturdy Multi-Factor Authentication (MFA) that contains consumer-defined spot-primarily based geofencing constraints. Our state-of-the-artwork remedy safeguards accessibility to our client’s sensitive Personal Identifiable Facts (PII) and to any electronic property, together with, but not constrained to: Bank Playing cards, Digital Wallets, Internet Portals, IOT, Structured Data, Gear or Method Activations.
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Pannovate is a Banking-as-a-Company and orchestration layer that enables banks, fintech and enterprises to electric power expansion and supply seamless digital and embedded finance encounters to remodel life. Performing globally with innovators, digital banks and reducing-edge startups.
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