Fiserv, BlueVoyant help FIs fight cybercrime with comprehensive managed security platform
Fiserv Inc., a provider of financial services technology solutions, and BlueVoyant, a next-gen cybersecurity company, have formed a strategic alliance to deliver a comprehensive managed security platform addressing the needs of financial institutions.
According to a press release, the long-term strategic alliance between the companies includes an investment from Fiserv in BlueVoyant, a company led by cybersecurity experts formerly with the National Security Agency, the FBI and British and Israeli intelligence services.
The new solution complements other products from Fiserv designed to mitigate risks both within the financial institution and within customer-facing services such as digital banking platforms.
The companies are using an integrated network and endpoint monitoring, threat intelligence and behavioral analytics to provide detection, real-time response and automated remediation of suspicious activity targeting internal systems.
The platform orchestrates an FI’s internal cybersecurity modules and provides a customizable portal with actionable alerts, backed by cybersecurity experts who work to remediate threats to the institution. Consolidated reports simplify regulatory compliance and provide professional threat remediation, the release said.
“Fiserv and BlueVoyant are delivering a leading-edge cybersecurity solution that is both broader and deeper in its protection than any other solution we evaluated,” said Elizabeth Macias, Chief Information Officer at Ponce Bank, a $950 million asset financial institution based in the Bronx borough of New York City that recently implemented the solution. “Cyberattacks are a very real threat to financial institutions today, and we are pleased to have implemented this robust tool to protect our customers’ money and their data.”