The partnership between VU, a global cybersecurity company specializing in identity protection and fraud prevention, and NovoPayment, a leader in digital payment solutions innovation, is a significant step in enhancing security and innovation in the financial sector. Here are the key points from the announcement:
- Collaboration for Enhanced Cybersecurity: VU and NovoPayment are joining forces to address cybersecurity challenges in the financial sector. VU, with its expertise in identity protection and fraud prevention, aims to work together with NovoPayment to create digital solutions that enhance security for users and organizations.
- Network Expansion: VU has become part of NovoPayment’s extensive application network, which consists of over 60 partners. This network is built on open APIs and third-party integrations, allowing clients to scale more effectively and navigate local and regional environments.
- Enhancements to NovoPayment’s Platform: NovoPayment recently announced improvements to its middleware layer called Orchestra. These enhancements include more robust security measures and expanded use cases through new third-party partner integrations. This demonstrates their commitment to enhancing the reliability and safety of their payment solutions.
- Emphasis on Collaboration: The CEOs of both companies emphasize the importance of collaboration in the digital economy. They intend to work together to provide users with safer and more reliable payment experiences. The partnership aims to offer peace of mind to clients in the digital world.
- Innovation in Cybersecurity: This partnership between VU and NovoPayment is expected to drive innovation in the cybersecurity sector, particularly in the financial industry. By combining their technologies and expertise, they aim to address fraud and cybercrime challenges, ultimately providing protection and security to millions of users worldwide.
- About NovoPayment: NovoPayment is described as a category leader in Banking as a Service (BaaS) platforms. They offer digital financial and transactional services that support various use cases. Their solutions are designed to help banks, financial institutions, merchants, networks, marketplaces, neobanks, and other financial service providers leverage existing systems to create new deposits, transaction streams, and customer experiences.
This partnership signifies a strategic move to strengthen security and innovation in the financial industry, leveraging the strengths of both companies to provide enhanced solutions to users and organizations worldwide.