Financial services technology solutions provider Fiserv has collaborated with cybersecurity firm BlueVoyant to provide advanced security platform for financial institutions.
Image: fiserv offices in w:Hillsboro, Oregon. Photo: courtesy of M.O. Stevens.
The partnership will deliver a comprehensive managed security platform, which specifically meets the various needs of financial institutions ranging from threat detection, response and remediation to regulatory compliance and reporting.
Through using an integrated combination of network and endpoint monitoring, threat intelligence and behavioral analytics, the companies will offer real-time response and automated remediation of suspicious activity that target internal systems.
Fiserv provides a range of intelligent security capabilities to help financial institutions to understand emerging threats and establish multilayered defenses to minimize risk and prevent fraud.
The new solutions is said to compliment Fiserv’s other major cybersecurity solutions such as Sentry cyber Security and SecureNow, which are designed to reduce risks within the financial institution and risks associated with customer-facing services such as digital banking platforms.
Fiserv and BlueVoyant will provide cybersecurity platform, which integrates with an organization’s internal cybersecurity modules and offers customizable portal with actionable and plain-english alerts to remediate threats.
Financial institutions will also secure consolidated reports to simplify regulatory compliance and professional threat remediation that enables IT staff to focus on developing business value.
Fiserv chief administrative officer Byron Vielehr said: “By working with partners like Fiserv and BlueVoyant, financial institutions can access capabilities and insights to make their cybersecurity strategies exponentially more effective than if they went it alone.”
BlueVoyant CEO Jim Rosenthal said: “The solution we’ve developed jointly with Fiserv closes the information and organization gap and offers financial institutions the advanced defenses previously only available to the largest banks and government agencies.”
Based in New York City, BlueVoyant provides advanced threat intelligence, managed security and cyber forensics, and incident response services.
Fiserv provides financial services technology solutions to more than 24,000 clienst, including banks, securities broker dealers, leasing and finance companies, and retailers.
In February this year, Warburg Pincus agreed to purchase a 55% stake in financial services technology solutions provider Fiserv’s lending solutions business for around $395m.
Fiserv will continue to own the remaining 45% equity interest in the lending solutions business.