CyberloQ Launches Unique Proprietary MFA Technology in Collaboration with Banking Orchestration Platform, Pannovate
- 12.09.2022 10:50 am
An award-winning platform, Pannovate is a Banking-as-a-Service and orchestration layer that enables banks, fintech and businesses to power growth and deliver seamless digital and embedded finance experiences to transform lives. Working globally with innovators, digital banks and cutting-edge startups.
CyberloQ has created the most robust, flexible and dynamic security solution available to the payments industry. By incorporating Multi-Factor Authentication, Geofencing, Access Credentials, and Comprehensive Activity Logging, CyberLoq’s Multi-Factored-Authentication (MFA) technology will be integrated into Pannovate’s Banking Orchestration Platform to create a distinct and unique cyber-security solution specifically for the banking and payment industry. The Banking Orchestration Platform will be equipped with the most comprehensive security suite available for combating fraud for its clients and will be modular and scalable, thereby allowing the system to grow with its clients’ security needs.
To answer to the changing fraud landscape, at the heart of CyberLoq’s architecture is a proprietary Transaction Risk Assessment engine that leverages leading-edge Multi-Factor Authentication and Authorization (MFA) protocols to prevent fraudulent access to online systems and the digital assets and sensitive information that they house.
Their solution protects access to sensitive Personal Identifiable Information (PII) and to any digital assets including, but not limited to Bank Card and Digital Payment Programs (any bank-issued credit, debit, prepaid cards), Websites, Business Applications or software that requires user input of predefined credentials, IoT Platforms, Equipment or Process Activations including Smart Devices, Key Card Entry Systems, and access to Structured Data / Unstructured Data.
“We welcome the dynamic opportunity to work with Pannovate in a forward-thinking manner to not only drive seamless and secure efficiencies but also to collaborate on new industries and technologies, as they are developed,” said Chris Jackson, CEO of CyberloQ. “Further combining our collective strengths is key to our vision of exploring new technologies and partnerships in new and exciting industries that need CyberloQ.”