The agreement will run for 10 years and see Sequrest work closely with Banking Systems’ global customer base of NexorONE and Bansoft users to implement robust and practical cyber security defence solutions including biometric and facial recognition technology, to minimise the risk of hacking, unauthorised access and combat other cyber risks.

Banking Systems’ online banking solutions are used in 40 countries across 4 continents, in a variety of financial sectors such as Online and Private Banks, Credit Unions, Savings and Loans, eWallets, Trusts & Asset Management Companies and Payment Platforms. Banking Systems wanted to enhance the service offered to customers by providing greater online security protection, as Banking Systems CEO, Remy Swaab stated:

“Our company mission is to strive to excel by delivering more than expected and our partnership with Sequrest will help us to achieve this. Sequrest will work with our banking customers to address the escalating risks faced in the digital financial world. As a global company, we wanted a partner that understood global risks and could deliver a full spectrum of cyber security solutions that offer complete protection to our customers, irrespective of where they are located.”

Sequrest offers a range of cyber security solutions including the latest facial recognition and biometric technology, encrypted communications, multi-factor authentication and cyber intelligence. As a product and technology agnostic service provider, Sequrest is able to offer the optimum cyber security solution taking into account each financial institution’s specific challenges. Bespoke advisory protection is then available on an on-going basis according to the organisational requirements and risk profile.

Robert McClure, Managing Director of Sequrest added, “As a world leading e-banking platform provider, Banking Systems are well positioned to enable their customers to mount an effective cyber security defence against current and future threats. Our independent status means that we always recommend the most appropriate cyber security products and technology solutions that meet the requirements of individual customers, in a way that is cost effective and practical. By partnering with Sequrest, Banking Systems will be able to continue focusing on providing the highest quality banking solutions secure in the knowledge that the industry’s leading solutions are protecting their customers from cyber threats.”