Security and Compliance
PR Newswire | September 29, 2023
Opus, a global leader in payment technology solutions, has concluded a strategic partnership with Checkmarx, an industry leader in providing application security testing. This dynamic collaboration underscores Opus's unwavering commitment to security in the financial sector and represents a significant leap toward delivering unparalleled protection for its global list of clients.
Opus recognizes the vital importance of inoculating financial applications against potential vulnerabilities and threats that loom large in the digital era. This partnership combines the technical expertise of Opus in developing differentiated payment offerings with Checkmarx's cutting-edge and comprehensive application security platform.
Referring to the pressing need for enhanced security measures in the payments arena, Opus CEO Praveen TM said, "In an environment rife with ever-evolving cyber threats, financial data security is imperative. Opus is on an unrelenting mission to fortify the payment ecosystem. Our partnership with Checkmarx marks a significant milestone in Opus's mission to continually push the envelope and advance the security of the entire payment ecosystem."
This partnership further strengthens Opus' positioning as a strategic enabler, empowering clients to seamlessly embrace DevSecOps with Checkmarx's application security platform. The integration will allow Opus privileged access to Checkmarx One's features and advancements, enabling proactive enhancements for its clients' systems. Through proper configuration and automation, Opus' client will be able to identify, prioritize and respond to threats and vulnerabilities based on their business impact.
With real-time payments coming to the fore, the role of a robust application security platform is critical. With Checkmarx by our side, we are poised to deliver state-of-the-art security solutions that safeguard the future of finance. Together, we will help organizations accelerate their digital transformation journeys while ensuring that security is embedded into every stage of their application development process, Praveen TM added.
About Opus Technologies (formerly Opus Consulting Solutions)
Opus Technologies is a global provider of outcome-driven payment strategies. Opus combines its deep technology proficiency with unmatched domain expertise in payments and FinTech to deliver unparalleled quality and value in their work.
PR Newswire | September 27, 2023
Finastra today announced a multi-year global agreement with Microsoft focused on trade platform modernization, building on the existing availability of Finastra Trade Innovation in the cloud. Delivering the full functionality of Trade Innovation via a full microservices architecture using Microsoft Azure, will give banks increased agility, flexibility and scalability, enabling them to continue to provide service excellence to customers throughout their modernization journey.
As the expectations of corporate customers evolve, financial institutions need to deliver a seamless and engaging transactional experience across their trade finance and supply chain finance operations in support of open finance. Further extending the open APIs available through Trade Innovation and Finastra's open innovation platform, FusionFabric.cloud, will allow customers to leverage a vibrant digital trade ecosystem, supporting the digitalization of the full transaction lifecycle.
Partnering with Microsoft builds on our joint strategic vision to help accelerate the digital transformation of financial services, and support customers on their journeys to be open, said Isabel Fernandez, Executive Vice President for Lending at Finastra. Customers are eager to transform their trade finance and supply chain offerings, and to access the latest innovations, working with partners across the ecosystem. Via this agreement, existing and new customers will benefit from increased flexibility to connect, collaborate and adapt to evolving customer needs and new regulations.
Bill Borden, Corporate Vice President, Worldwide Financial Services, Microsoft added: We're excited to deepen our relationship with Finastra to support banks on their trade modernization journey. Using the rich functionality of Finastra's Trade Innovation platform and FusionFabric.cloud, combined with the power of Microsoft Azure and data and AI advancements, we look forward to helping financial institutions further accelerate innovation, increase efficiencies, enhance customer engagement and transform their operations at scale.
Finastra Trade Innovation was recognized once again as "Best in Class" in the Aite Matrix of Trade Finance Software (Feb 2023) from Datos Insights (formerly Aite-Novarica Group). Enrico Camerinelli, Strategic Advisor at Datos Insights said: "The decline of manually intensive and paper trade finance operations, the continued growth of supply chain finance, and the rise of fintech players are encouraging banks to transform the status quo with API-based open banking, artificial intelligence, and data analytics. To achieve this, banks need modern, open systems and the support of industry leaders in this space, supporting them on their transformation journeys."
Treasury Prime | September 20, 2023
Treasury Prime, a leading provider of state-of-the-art embedded banking software solutions, has formally introduced a strategic collaboration with Astra, a tech company renowned for its expertise in pioneering instant payment solutions. This partnership signifies a significant step forward in modern financial technology.
Mark Vermeersch, Chief Platform Officer at Treasury Prime, expressed that Astra's transfer technology offers remarkable speed, efficiency, and accessibility. When combined with an embedded finance marketplace, it has the potential to revolutionize transaction processes for businesses and end-users, thereby shaping a more interconnected and dynamic financial sphere.
By harnessing Astra's cutting-edge technology, Treasury Prime's customer base gains access to instant account funding and swift disbursement options via the push-to-card feature. This enhancement marks a significant stride in streamlining payment processes, promising increased efficiency and effectiveness for financial institutions and corporate entities.
Gil Akos, Co-Founder and CEO of Astra expressed enthusiasm about the partnership with Treasury Prime. He emphasized the significance of instant payment technology in revolutionizing financial transactions by providing expedited access to funds while ensuring elevated efficiency, security, and convenience levels. He anticipates that this collaboration will empower businesses to harness the potential of instant transactions, fueling growth, improving customer experiences, and promoting financial inclusion.
These recent partnerships with Sardine and Checkout.com signify Treasury Prime's commitment to forging strategic alliances, further solidifying its position as a leader in the industry. Additionally, the introduction of OneKey Banking, a pioneering multi-bank solution, and the successful closure of a $40 million Series C funding round earlier this year have underscored the company's dedication to innovation and growth within the financial technology sector.
About Treasury Prime
Treasury Prime offers comprehensive, sophisticated services, including money transfer, risk management, and access to a chartered bank's infrastructure. It collaborates with forward-thinking financial institutions to foster responsible innovation and expand access to banking products and services across diverse population segments. The company's excellence has been recognized through awards such as the Best Banking-as-a-Service Platform in the Tearsheet Embedded Awards for 2021 and 2022 and its inclusion in CB Insights' prestigious 2021 Fintech 250 list.
Astra is a prominent purveyor of cutting-edge bank-to-bank transfer technology tailored for financial institutions, fintech companies, and enterprises. Gil Akos and Sam Morgan co-founded the company in 2016. The company's distinctively designed, vertically integrated API offers a streamlined means for developers to seamlessly incorporate financial automation into their pre-existing products.