Sequrest, a cyber security specialist, announced it has been selected for a strategic partnership with the Banking Systems of Panama.

To minimise the risk of hacking and other cyber risks, the 10-year agreement will see Sequrest working with Banking Systems’ global customer base of NexorONE and Bansoft users to implement practical cyber security defence solutions, including biometric and facial recognition technology.

Banking Systems CEO, Remy Swaab, said: “Our company mission is to strive to excel by delivering more than expected. Our partnership with Sequrest will help us to achieve this.

Cyber security solutions

“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, helping deliver a full spectrum of cyber security solutions that offer complete protection to our customers, irrespective of where they are located.”

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.

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.

‘Providing the highest quality banking solutions’

“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.”

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 and asset management companies and payment platforms.

Written from press release by Leah Alger