Latest News

GOLD STAR AS MIRACL AWARDED ISO 27001 ACCREDITATION

Published

10 months ago

August 1, 2023

MIRACL Technologies, provider of the world’s fastest single-step, passwordless, multi-factor authentication, today reveals that it has been awarded ISO 27001 accreditation, with immediate effect. Such was the efficiency of the team, it was granted a month earlier than expected.

Regarded as the international benchmark for information security, organisations are subject to rigorous inspection of their ISMS (Information Security Management System) procedures and policies – and have to demonstrate exceptional standards in order to achieve ISO 27001 accreditation.

The scope for the certification covers its multi-factor authentication, Single Sign-On and IAM solutions. Omlis, the organisation’s parent company, MIRACL Technologies and MIRACL Solutions are all covered within the awarded ISO 27001 certification.

The core product for the business is MIRACL Trust, a passwordless, single-step, multi-factor authentication that requires either a two-second PIN or biometric to login. It is increasingly used by gaming, fintech and a number of other sectors where delivering customers the smoothest login possible is a game-changer for profit potential or simply to provide the very best login user experience.

Equally, for those looking for a login solution to easily comply with GDPR, as no data is stored and with the addition of the ISO 27001 accreditation, it’s an obvious solution.

Rob Griffin, CEO at MIRACL comments, “This accreditation is incredibly important – it provides our customers and users absolute reassurance that any sensitive information held by our organisation, including biometric data, is handled with the utmost care and protected inline with industry best practice. It’s yet another milestone for MIRACL as we continue to grow into a number of sectors and demonstrate our ongoing commitment to the operations of our organisation. Thanks goes to the hard work of our dedicated team for making it happen.”

Grant Wyatt, COO at MIRACL added, “To achieve ISO 27001 took a lot of hard work and perseverance to make sure that no stone was left unturned as our processes and procedures, as a business, were put under severe scrutiny – and rightly so. To pass on the first go was a testament to not only the efforts but also the high standard of our procedures throughout the organisation. We look forward to continuing our efforts so that our high standards are maintained and reviewed on an ongoing basis.”

MIRACL is software-based and API-enabled to work from any device or browser. This means a quick and seamless integration with any device or platform being used. The software doesn’t store personal data, passwords or PINs, so it’s fully resistant to remote attacks – with zero security vulnerabilities.

For further information on MIRACL please visit: www.miracl.com

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MENA Fintech Association Sets Sights on EU Expansion, in Partnership With Hungarian Fintechs

Published

17 mins ago

May 14, 2024

Peter Tolan

The MENA Fintech Association, a non-profit organization dedicated to supporting fintech startups and established players across the Middle East and Africa, is expanding its reach to Hungary through a memorandum of understanding (MOU) with the Hungarian Fintech Association.

This collaboration aims to strengthen ties and promote innovation within the fintech ecosystems of both MENA and Hungary, marking a significant step forward in fostering cross-border collaboration and knowledge exchange. With a shared vision to create an environment conducive to fintech growth and development, both associations are committed to leveraging their networks, resources, and expertise.

Zoltán Ács, president of the Hungarian Fintech Association, highlighted the objectives of the collaboration, emphasizing plans for joint initiatives such as events, knowledge-sharing sessions, and collaborative projects. Moreover, the partnership aims to support fintech startups and scale-ups by providing them access to new markets, investment opportunities, and regulatory insights.

Established in 2020, the Hungarian Fintech Association has grown to over 50 members, serving as a platform for decision-makers, regulators, and financial institutions to understand the local fintech sector and its requirements. It also offers support and services to international members entering the Hungarian market, along with educational and networking opportunities.

The MOU, signed during the Dubai Fintech Summit, signifies a landmark agreement between the two associations. Nameer Khan, chairman of the MENA Fintech Association, expressed excitement about the partnership, aiming to unlock new opportunities for fintech firms in both regions and drive impactful collaboration.

Through mutual cooperation, Hungarian fintech companies can conduct business more easily in MENA countries, fostering growth in the international fintech ecosystem. Founded in 2018, the MENA Fintech Association has been recognized as one of the top four fintech organizations globally, playing a leading role in driving innovation and collaboration in the industry.

Source: thefintechtimes.com

The post MENA Fintech Association Sets Sights on EU Expansion, in Partnership With Hungarian Fintechs appeared first on HIPTHER Alerts.

Latest News

Synechron Acquires iGreenData, a Digital Engineering Organization Headquartered in Melbourne, Australia

Published

1 hour ago

May 13, 2024

CISION (PR Newswire)

This acquisition enables Synechron to enhance its technological capabilities, broaden its service offerings, and expand its coverage to the Australian market.

SYDNEY, May 13, 2024 /PRNewswire/ — Synechron, a leading global digital transformation consulting firm focused on financial services and technology organizations, announced its acquisition of iGreenData, a modern, data-centric digital solutions company founded in 2018. iGreenData, headquartered in Melbourne with an additional office in India where Synechron has a significant presence, specializes in cloud-enabled data and digital engineering. The company serves a diverse array of blue-chip clients and has high domain expertise in the banking and financial services sectors, along with strengths in full-stack, DevOps, cloud, data engineering, automation, and blockchain. The acquisition of iGreenData was completed on May 13, 2024.

This acquisition enhances Synechron’s leadership in digital transformation by combining their agile, creative approach with iGreenData’s specialized skills in cloud technology and lean data engineering practices. The integration adds to Synechron’s payments capabilities in delivering customized solutions that achieve substantial business outcomes, while continuing to swiftly and effectively meet their clients’ evolving needs.

Moreover, the acquisition expands Synechron’s global reach. By leveraging Australia’s strategic location, Synechron is better positioned to provide continuous support across time zones in Asia, the Americas, and Europe.

Faisal Husain, Synechron Co-Founder and CEO, commented, “We’re thrilled to welcome iGreenData into the Synechron family. This acquisition will enable us to continue deepening our payments technological strength and expand our footprint to the Australian market. Together, we will leverage our combined expertise in digital transformation and innovation to deliver value-added solutions that meet the evolving needs of our clients.”

Max Sundaram, iGreenData Co-Founder and CEO, said, “We’re very excited to become part of the Synechron team. With their global reach and our shared commitment to excellence, we’re well positioned to provide the best-in-class transformative digital experiences.”

About Synechron:

At Synechron, we believe in the power of digital to transform businesses for the better. Our global consulting firm combines creativity and innovative technology to deliver industry-leading digital solutions. Synechron’s progressive technologies and optimization strategies span end-to-end Artificial Intelligence, Consulting, Digital, Cloud & DevOps, Data, and Software Engineering, servicing an array of noteworthy financial services and technology firms. Through research and development initiatives in our FinLabs we develop solutions for modernization, from Artificial Intelligence and Blockchain to Data Science models, Digital Underwriting, mobile-first applications and more. Over the last 20+ years, our company has been honored with multiple employer awards, recognizing our commitment to our talented teams. Synechron has a global workforce of 14,000+ and has 51 offices in 20 countries in key global markets. For more information on the company, please visit our website or LinkedIn community.

About iGreenData:

Headquartered in Melbourne, Australia, and with presence in India, iGreenData is a fast-growing digital engineering organization with a prime focus on Cloud First, Data-Centric Digital Engineering and Blockchain offerings. The team is at the forefront specializing in cutting-edge modern software engineering technologies with a commitment to ensure our solutions and services bring value to our customers.

iGreenData brings deep Banking industry knowledge, with decades of Leadership experience and track record of success in Australia, delivering large complex programs, and a highly capable team to deliver industry-leading experiences for our customers. With close to 200 strong professionals, we set out to bring together talented individuals who are encouraged in their creativity and empower them to deliver new technological solutions to our stakeholders.

iGreenData was ranked third in Rising Star category at the prestigious Deloitte Technology Fast 50 Australia awards for 2 years in a row in 2020 & 2021 and also was inducted to nineteenth place at the prestigious CRN Fast 50 Australia 2021 as recognition of the exponential growth over 3 years.

For more information on the company, please visit our website.

For more information please contact:
Rashmi Joshi,
Synechron
+91-9560694654
[email protected]
[email protected]

Zoe Forbes-Pyfrom
(+44) 7718 599666
[email protected]

Logo: https://mma.prnewswire.com/media/1943591/Synechron_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/synechron-acquires-igreendata-a-digital-engineering-organization-headquartered-in-melbourne-australia-302143552.html

Latest News

Fintech Farm raises $32m to expand its ‘neobank in a box’ model to India

Published

3 hours ago

May 13, 2024

Peter Tolan

London-headquartered Fintech Farm has secured additional funding as part of its strategy to expand its operations into India.

The startup, which specializes in providing technology solutions to medium-sized banks in emerging markets to develop digital tools, has raised $32 million in funding.

This funding includes an initial Series B round led by London-based venture firm Nordstar, followed by an extension Series B round led by Bank of Georgia, listed on the London Stock Exchange.

Fintech Farm’s founding team includes Dmytro Dubilet, one of the founders of Ukrainian neobank Monobank, former KPMG M&A executive Nick Bezkrovnyy, and Alexander Vityaz, the founder of Corezoid, a cloud-based operating system provider.

Previously, the company raised a $7.4 million round in 2022 led by Flyer One Ventures and Solid, with participation from TA Ventures, Jiji, u.ventures, and AVentures Capital.

Fintech Farm, established in 2020, partners with medium-sized banks in emerging markets seeking to build neobank apps but lacking digital expertise. Dubilet explains that the startup differs from other banking-as-a-service (BaaS) players by focusing on providing operational support rather than regulatory or infrastructure services.

According to Dubilet, Fintech Farm offers comprehensive technology solutions, often referred to as ‘a neobank in a box,’ covering all the essentials for building a large and profitable digital bank.

The startup has already launched its solutions in Azerbaijan, where it partnered with a local bank to offer an app-based service to over 1 million users. In Vietnam, it collaborated with Orient Commercial Joint Stock Bank to establish Liobank. Fintech Farm earns compensation based on performance, tied to the number of customers and revenues generated for its partner banks.

Fintech Farm is now focused on developing a fintech product in India, aiming to enhance consumer access to credit. Bezkrovnyy highlights India’s robust digital payment ecosystem, particularly the Unified Payments Interface, which facilitates partnerships with local banks to offer lending products.

The funding round for Fintech Farm underscores Europe’s investment trend favoring fintechs with business-to-business (B2B) models. In the first quarter of 2024, B2B fintechs received $2.1 billion in funding, nearly double the amount allocated to consumer fintechs.

Source: sifted.eu

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