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Utimaco Applauded by Frost & Sullivan for Improving Public-Key Encryption and Data Security and for Its Competitive Strategies

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Utimaco offers comprehensive and industry-specific expertise by working on complex design and implementation projects with diverse organizations that have distinct security needs and requirements

SAN ANTONIO, Sept. 4, 2024 /PRNewswire/ — Frost & Sullivan recently assessed the post-quantum cryptography (PQC) industry and, based on its findings, recognized Utimaco with the 2024 Global Competitive Strategy Leadership Award. The company is a leading global provider of on-premises and cloud-based payment and general-purpose hardware security modules (HSMs), which act as the central Root of Trust for any digital environment. Utimaco supplies the Root of Trust for a variety of industries and use cases, ranging from autonomous cars to hospitals and national critical infrastructure.

By cross-cutting verticals, the company provides specialized offerings to manufacturers, governments, mobile network operators, banks, airports, and utilities, among others. Utimaco’s portfolio is widely integrated in the market for its multiple layers of digital trust and cybersecurity and includes solutions for:

  • Data protection
  • Key management
  • Secure payments
  • Telecommunication
  • Public warnings

Utimaco complemented its organic growth and offerings through a series of strategic acquisitions across the security ecosystem. It acquired Atalla Product Line from Micro Focus to expand into the U.S. market and added payment HSM and enterprise key management to its existing general purpose portfolio. The company substantially expanded its portfolio for the payments and financial industries by acquiring solutions provider GEOBRIDGE for key management and MYHSM for an as-a-service offering known as Trust as a Service Marketplace. It also acquired exceet Secure Solutions (ESS) and REALSEC, further increasing its IT and IoT security footprint in Europe. With its acquisition of Celltick, a global leader in public warning and mass notification systems and the world’s largest cell broadcast center provider, Utimaco expanded its comprehensive offering to government, telecommunications, and enterprise customers. Finally, after acquiring conpal, it fully integrated its file and folder encryption solutions to complete its data protection portfolio.

Ozgun Pelit, senior industry analyst at Frost & Sullivan, said: “Utimaco’s expertise in deploying HSMs both for general purpose and specialized use cases translates well to the post-quantum era, which requires high levels of customization and adaptability. Utimaco also strategically positions itself as a wide-ranging partner for organizations in this monumental task, providing consultancy services, quantum-readiness assessments, and crypto-agility solutions—an integral part of migration to PQC as a leading HSM supplier.”

Utimaco also actively participated in PQC standardization efforts and interoperability processes, including collaborative research projects and thought leadership. It is closely engaged in the broader ecosystem of quantum security, working on proofs of concept and active standardization in quantum key distribution and quantum random number generation. Placing a strategic focus on PQC to prepare the security infrastructure for the quantum era, Utimaco has been the first mover in developing PQC-ready HSMs. It developed the Quantum Protect application as an extension for its General Purpose HSMs to enable the implementation of new and quantum-resistant algorithms through a technology partnership with ISARA, a leading provider of quantum-safe security solutions. This paved the way for large organizations to test and integrate quantum-safe algorithms into their operations very early on and before the release of official standards. Testing its functional compliance with the NIST algorithms on a regular basis, Utimaco strives to be feature-complete and supports individual algorithms selected by European and international security agencies.

“The transition from legacy algorithms to PQC and overcoming interoperability and performance challenges involves industry-specific requirements and adaptability. Utimaco’s strategic positioning and expertise in a wide range of industries and applications put the company at a great advantage in migration to PQC,” added Ozgun. With its strong overall performance, Utimaco earns Frost & Sullivan’s 2024 Global Competitive Strategy Leadership Award in the Post-Quantum Cryptography industry.

Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a strategy that results in stronger market share, competitive brand positioning, and customer satisfaction.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

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Contact:
Ashley Shreve
E: [email protected]

About Utimaco
Utimaco is a global platform provider of trusted Cybersecurity and Compliance solutions and services with headquarters in Aachen (Germany) and Campbell, CA (USA). Utimaco provides on-premises and cloud-based hardware security modules, key management, data protection as well as data intelligence solutions for regulated critical infrastructures and Public Warning Systems. Utimaco is one of the world’s leading manufacturers in its key market segments.

500+ employees around the globe create innovative solutions and services to protect data, identities and communication networks with responsibility for global customers and citizens. Customers and partners in many different industries value the reliability and long-term investment security of Utimaco’s high-security products and solutions. Find out more on www.utimaco.com.

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Hyundai Motor and Škoda Group to Collaborate on Hydrogen Advancement and Energy Efficient Solutions for Mobility

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  • Hyundai Motor Company and Škoda Group sign a Memorandum of Understanding (MOU) during the Korea-Czech Business Summit in Prague
  • Both parties to cooperate in establishing a hydrogen economy and realizing a sustainable future mobility ecosystem
  • Škoda Group to explore hydrogen mobility expansion by adopting Hyundai’s hydrogen fuel cell systems and technologies

SEOUL, South Korea and PRAGUE, Sept. 20, 2024 /PRNewswire/ — Hyundai Motor Company and Škoda Group have signed a Memorandum of Understanding (MOU) to commence collaboration on establishing a hydrogen mobility ecosystem.

The signing ceremony, which took place at the Korea-Czech Republic Business Summit in Prague, was attended by Ken Ramírez, Executive Vice President and Head of Global Commercial Vehicle and Hydrogen Business at Hyundai Motor Company, and Petr Novotný, CEO of Škoda Group.

The MOU covers study on adoption of hydrogen fuel cell systems and technologies, study on adoption of energy efficient solutions for mobility projects and products, and exploring hydrogen ecosystem and value chain opportunities beyond mobility.

“Our partnership with Škoda Group aims to accelerate hydrogen adoption, which would contribute to the advancement of hydrogen technology and carbon neutrality across global markets, including the Czech Republic,” said Executive Vice President Ramírez. “Together with Škoda Group, we strive to lead the rapidly growing hydrogen businesses by creating positive synergies between our fuel cell technology and Škoda Group’s mobility products and projects.”

“We believe that hydrogen, alongside energy-efficient solutions, will play an essential role in transforming mobility for a more sustainable future. Our collaboration with Hyundai Motor Company aims at enabling us to look beyond national borders and explore wider markets where these technologies can have a larger impact. By working together, we can bring innovative, eco-friendly solutions to the global mobility ecosystem, advancing cleaner energy in the areas where it’s needed most,” said Petr Novotný, CEO of Škoda Group.

Both parties share the view that hydrogen will be a key pillar for a sustainable society, starting with mobility. As part of the MOU, the parties will explore the possibility that Hyundai would share its fuel cell system and technology, contributing to the acceleration of eco-friendly mobility across global markets where Škoda Group operates, including the Czech Republic.

Hyundai Motor Company and Škoda Group will also conduct feasibility studies for fuel cell system applications for diverse utilization beyond mobility. Leveraging its global expertise and insights in operating various hydrogen applications in both mobility and energy sectors, Hyundai is poised to play a pivotal role in aiding the energy transition.

Hyundai Motor Group is committed to building a hydrogen society under its hydrogen value chain business brand HTWO, which encompasses the Group’s businesses and affiliates, enabling each stage of the entire hydrogen value chain.

Hyundai Motor Manufacturing Czech (HMMC) in Nošovice, established in 2008, has an annual manufacturing capacity of 350,000 vehicles. Considered one of the most modern car manufacturers in Europe, the manufacturing plant was also the largest foreign investment in the Czech Republic.

– End –

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Banking as a Service Market to Reach $22.6 billion, Globally, by 2032 at 19.3% CAGR: Allied Market Research

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An increase in the use of digital transformation technology in banks, along with streamlining financial services drives the growth of the market. In addition, the rise in the adoption of banking & financial sectors across the globe fuels the growth of the market.  

PORTLAND, Ore., Sept. 20, 2024 /PRNewswire/ — Allied Market Research published a report, titled, “Banking as a Service Market by Component (Platform and Service), Type (API-based Bank-as-a-service and Cloud-based Bank-as-a-service) and End User (Banks, FinTech Corporations/NBFC and Others): Global Opportunity Analysis and Industry Forecast, 2023-2032“. According to the report, the “banking as a service market” was valued at $4 billion in 2022, and is projected to reach $22.6 billion by 2032, growing at a CAGR of 19.3% from 2023 to 2032. 

Get Your Sample Report & TOC Today: https://www.alliedmarketresearch.com/request-sample/A14258

An increase in the use of digital transformation technology in banks, along with streamlining financial services drives the growth of the market. In addition, the rise in the adoption of banking & financial sectors across the globe fuels the growth of the market. Moreover, continuous technological innovations as well as a rise in internet and mobile penetration are expected to provide lucrative opportunities for the growth of the market during the forecast period. On the contrary, the increase in cyber-attacks and the high cost of adoption limits the growth of the banking as a service market. 

The platform segment held the highest market share in 2022.  

By component, the platform segment dominated the market in 2022, this dominance is driven by the increasing demand for integrated banking solutions that allow financial institutions and fintech companies to offer a wide range of banking services through a single, scalable platform. These platforms enable seamless integration of various financial services such as payments, lending, and account management into third-party applications, making them highly valuable in the rapidly evolving digital banking ecosystem. However, the service segment is expected to witness the largest CAGR of 21.4%, this growth is driven by the increasing need for consulting, integration, and support services that help financial institutions and fintech companies effectively implement and manage BaaS platforms. As more businesses adopt digital banking solutions, the demand for specialized services to ensure seamless platform integration, regulatory compliance, and ongoing technical support is rising. 

The banks segment held the highest market share in 2022. 

By end user, the banks segment accounted for the largest share in 2022. This dominance is due to banks extensive infrastructure and established networks that facilitate international transactions. Their broad range of services, including secure handling of funds, comprehensive financial offerings, and strong regulatory compliance, contribute to their leading position in the banking as a service market. However, the others segment is expected to witness the largest CAGR of 20.4%. In the rapidly evolving Banking-as-a-Service (BaaS) market, several government initiatives and investment firms are poised to witness significant growth.  The regulatory frameworks not only foster innovation but also create a conducive environment for BaaS growth. Similarly, investment firms like Accel Partners, Sequoia Capital, and Andreessen Horowitz are heavily investing in fintech and BaaS platforms, fueling their growth and development.

Purchase This Comprehensive Report (PDF with Insights, Charts, Tables, and Figures) @
https://bit.ly/3Zrz5Ta

Regional Insights: The Europe region held the highest market share in 2022.  

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By region, the banking as a service market was dominated by Europe in 2022. This dominance is largely attributed to the region’s early adoption of open banking regulations, such as the revised payment services directive (PSD2), which has fostered collaboration between traditional banks and fintech companies. Europe’s regulatory environment encourages innovation and competition in financial services, making it a leading market for BaaS platforms.  

Key Industry Developments 

  • In May 2024, Fintech unicorn Zeta launched a digital credit-as-a-service product for its enterprise customers, primarily banks. The product is based on the credit lines on the UPI scheme that the Reserve Bank of India rolled out in September to reduce the cost of financial services and allow users to access pre-approved credit through their UPI-linked accounts.
  • In May 2024, AppTech Payments Corp. launched InstaCash, which utilizes the BaaS for virtual accounts, debit and credit cards, and high-interest-yielding financial products.
  • In September 2023, Konsentus partnered with Brankas to enable financial institutions, central banks, and regulators to accelerate their open finance journeys. The integrated technology solutions will deliver ease of use, security, and cost-efficiency for those setting up or participating in open ecosystems.

Get More Information Before Buying: https://www.alliedmarketresearch.com/purchase-enquiry/A14258

Players: –

  • Solaris SE
  • Bnkbl Ltd
  • Treasury Prime
  • Block Inc.
  • MatchMove Pay Pte Ltd
  • ClearBank Ltd
  • Stripe Inc.
  • Green Dot Corporation
  • Starling Bank
  • Banco Bilbao Vizcaya Argentaria
  • S.A.

Key Benefits for Stakeholders

  • This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the banking-as-a-service market analysis from 2022 to 2032 to identify the prevailing banking-as-a-service market opportunities.
  • Market research is offered along with information related to key drivers, restraints, and opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier-buyer network.
  • In-depth analysis of the banking-as-a-service market segmentation assists to determine the prevailing market opportunities.
  • Major countries in each region are mapped according to their revenue contribution to the global market.
  • Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
  • The report includes the analysis of the regional as well as global banking-as-a-service market trends, key players, market segments, application areas, and market growth strategies.

Access Your Customized Sample Report & TOC Now: https://www.alliedmarketresearch.com/request-for-customization/A14258 

Banking-as-a-Service Market Key Segments:

By Component

  • Platform
  • Service

By Type

  • API-based Bank-as-a-service
  • Cloud-based Bank-as-a-service

By End User

  • Banks
  • FinTech Corporations/NBFC
  • Others

By Region

  • North America (U.S., Canada)
  • Europe (UK, Germany, France, Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Australia, South Korea, Rest of Asia-Pacific)
  • LAMEA (Latin America, Middle East, Africa)

Trending Reports in BFSI Industry (Book Now with 10% Discount + Covid-19 scenario):

U.S. Banking-as-a-Service Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Type, by End User: Opportunity Analysis and Industry Forecast, 2022-2032

UK Banking-as-a-Service Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Type, by End User: Opportunity Analysis and Industry Forecast, 2022-2032

API Banking Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, by Deployment, by Enterprise Size: Global Opportunity Analysis and Industry Forecast, 2023-2032

AI in Banking Market Size, Share, Competitive Landscape and Trend Analysis Report, by Component, Enterprise Size, Applications and Technology: Global Opportunity Analysis and Industry Forecast, 2021-2030

Neo and Challenger Bank Market Size, Share, Competitive Landscape and Trend Analysis Report, by Service Type and End User: Global Opportunity Analysis and Industry Forecast, 2020-2027

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About Us:

Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Wilmington, Delaware. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports Insights” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.

We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Allied Market Research CEO Pawan Kumar is instrumental in inspiring and encouraging everyone associated with the company to maintain high quality of data and help clients in every way possible to achieve success. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.

Contact:
David Correa
1209 Orange Street,
Corporation Trust Center,
Wilmington,
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Bybit P2P Taps Into Select Markets With Welcome Offers

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DUBAI, UAE, Sept. 20, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, welcomes new users aboard in select markets with P2P coupons valued at up to $20.

From now to Oct. 13, eligible users may unlock P2P coupons worth up to $20 by fulfilling one or both of the following tasks:

  • First-time deposit: new users who make a deposit of $100 or more in any assets on Bybit P2P for the first time within 7 days of registering on Bybit may receive a P2P coupon for $10.
  • First trade: users who complete their first trade on Bybit’s Spot or Derivatives on any trading pair achieving a minimum trading volume of $100 may qualify for $10 in P2P coupons.

P2P on Bybit is an intuitive peer-to-peer trading platform for both takers and makers. Offering comprehensive benefits for the community, Bybit P2P provides a wide array of supportive initiatives for users, including the P2P Hiring Program for long-term merchants and Advertiser Programs for top performing P2P advertisers and verified advertisers, helping users achieve their goals.

Winners may use P2P coupons for all fiat currencies supported on Bybit P2P, an ultra user-friendly marketplace that offers mainstream coins including ETH, BTC, USDT and USDC at zero transaction fees for takers.

The coupons are offered on a first-come-first serve basis. This promotion is available for eligible users in selected regions only. Find out more: [Selected Countries Only] P2P Coupons Worth $20 for You!

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 40 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: [email protected]
For more information, please visit: https://www.bybit.com
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