Page 31 - AeM_May_2017

COMPANIES & CAMPAIGNS

New partnership provides secure open API

offerings for banks and PSPs

Irdeto, the world leader in digital platform security, and channels they need to become more vigilant about se-
Rogue Wave Software, maker of Akana and a leading curity and protect their APIs against threats and
provider of API Management, API security and Micro- cyberattacks.
services solutions for digital businesses, have an-
nounced a partnership to help banks and payment ser- “Financial institutions face a growing number of threats
vice providers (PSPs) protect their open APIs. as cybercriminals look at different ways to exploit vul-
nerabilities from APIs,” said David W. Jones, Global
The partnership brings to the market a solution to secure Head of Payments & Banking, Irdeto. “In order to ade-
open APIs, combining products that offer protection from quately protect customers’ sensitive financial infor-
the API gateway through to the end-user’s device or ap- mation, banks and PSPs must secure their entire infra-
plication. In addition to providing end-to-end protection, structure from the API gateway to the end device or
the partnership also helps banks and PSPs comply with application. By partnering with Rogue Wave, we are
PSD2’s Access to Account (XS2A) and Common and providing financial institutions with the peace-of-mind
Secure Communication (CSC) requirements. needed to innovate freely.”

The payments and banking industry is undergoing digital Cloakware for Payments & Banking by Irdeto helps
disruption as financial institutions open their services to banks and PSPs capitalize on digital disruption by tak-
third-parties through open APIs. While this open banking ing security to the next level, enabling new services
approach creates new business models and fosters in- and accelerating innovation. Irdeto’s unique solutions
novation, it also introduces a variety of security vulnera- for Payments & Banking help financial institutions pre-
bilities. vent MitM attacks and mitigate tampering-based at-
tacks. Irdeto protects and hardens applications and
The partnership between Irdeto and Rogue Wave ad- APIs from the client to the server, across all devices,
dresses those vulnerabilities by providing services and browsers, interfaces and gateways, completely in-line
tools to help protect APIs and applications against a with PSD2 and PCI security standards.
wide variety of attacks, including Denial of Service
(DoS), SQL Injections (SQLi), Man-in-the-Middle (MitM) The new partnership between the pioneer in digital plat-
attacks, malware injections and more. form and application security and the largest independ-
ent provider of cross-platform software development
“A successful cyberattack has the potential to perma- tools, components, and platforms in the world will for
nently damage a financial institution’s reputation,” said sure make a dent in banking and finance. Considering
Ian Goldsmith, Vice President of Akana Product Man- that Irdeto works already for almost 50 years with soft-
agement, Rogue Wave. “Protecting open APIs is a criti- ware application providers, connected device manufac-
cal step banks and PSPs must take to succeed in the turers, pay media operators and content creators to
ever-evolving financial landscape. Our partnership with secure their products and business models, combining
Irdeto helps guide the financial industry through digital proven technologies and services comes as a matter of
disruption to securely accelerate innovation.” course. Today, the company’s Cloakware for Payments
& Banking solutions enable banks and PSPs to deliver
a convenient and safe digital shopping or banking ex-
While open APIs connect financial enterprises with mo-
bile apps and a large community of developers, these perience by safeguarding customer data even in the
APIs also need to be scalable, reliable and secure. As most hostile environments. ◊ By MediaBUZZ

banks and PSPs expand their services across digital

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