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Home Economy Fintech

How Interswitch and Thales are Taking Data Security to the Next Level!

by Peter Oluka
August 29, 2024
in Fintech
0
Interswitch Group and Thales
L-R: Chijioke Eze, head, Banking Technologies, Interswitch; Tina Olaore, head, Digital Banking, Interswitch, and Neil Cosser, regional sales director, Africa, Thales Group; at the Interswitch and Thales’ Information Security Summit recently held in Lagos.

L-R: Chijioke Eze, head, Banking Technologies, Interswitch; Tina Olaore, head, Digital Banking, Interswitch, and Neil Cosser, regional sales director, Africa, Thales Group; at the Interswitch and Thales’ Information Security Summit recently held in Lagos.

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In a world where cyber threats are becoming more sophisticated by the day, staying ahead of the curve is essential.

That’s why Interswitch Group, one of Africa’s leading digital payments and commerce companies, has teamed up with Thales, a global heavyweight in digital security, to launch the CipherTrust Data Security Solution.

The security solution is a game-changer for businesses to keep their data safe and secure.

The CipherTrust solution was recently unveiled recently at a Customer Engagement Forum in Lagos, where key players from the financial and tech industries gathered to discuss the future of data security.

Hosted at The Wheatbaker Hotel, the event brought together Chief Information Security Officers (CISOs), Chief Information Officers (CIOs), and Compliance and Risk executives from various sectors, including commercial and microfinance banks, as well as fintech companies.

So, what makes CipherTrust standout? This solution is all about making sure that businesses can protect their sensitive information no matter where it’s stored—whether on-premises, in the cloud, or in a hybrid environment.

Interswitch Group and Thales
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L-R: Patrick Odua, Chief Information Security Officer, Interswitch; Martin Igwe, Chief Information Security Officer, Globus Bank; Tyoyila Aga, Vice President, Financial Services, Interswitch; Neil Cosser, Regional Sales Director, Africa, Thales Group; Akinsola Akintilo, Chief Information Security Officer, Parallex Bank and Obiora Awogu, Hydrogen Payment Service Company at the Interswitch and Thales’ Information Security Summit recently held in Lagos.

It’s got everything from advanced encryption to multiple-factor authentication, key management and access controls.

Basically, it’s the full package when it comes to data protection.

These features ensure that only authorised users can access sensitive information, giving businesses peace of mind about the  security of their data.

Plus, the platform’s compliance tools make it easier for organisations to meet both local and international regulatory requirements, which is increasingly crucial in today’s stringent regulatory environment.

One of the key takeaways from the forum was the importance of collaboration in fighting cyber threats. Data security isn’t just the responsibility of one organisation or sector, it’s a collective effort that requires cooperation across industries and borders.

By combining Interswitch’s expertise in payment solutions with Thales’ advanced data security technologies, the CipherTrust platform is setting a new standard for how Nigeria businesses should protect their data.

Discussions at the event also emphasised the need for continuous innovation in data security. As cyber threats become more sophisticated, so must the tools and strategies we use to combat them.

The CipherTrust Data Security Solution is designed with this in mind, offering a scalable and flexible platform that adapts to the ever-changing landscape of digital security.

As organisations continue to navigate the complexities of cybersecurity, the CipherTrust platform stands out as a beacon of innovation and reliability.

For businesses looking to stay ahead of the curve, investing in advanced data security solutions like CipherTrust is a necessity.

Interswitch is proud to be at the forefront of this movement, driving positive change and setting new standards for data protection.

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Tags: CipherTrust Data Security SolutionInterswitch groupInterswitch Group and ThalesThales
Peter Oluka

Peter Oluka

Peter Oluka (@peterolukai), editor of Techeconomy, is a multi-award winner practicing Journalist. Peter’s media practice cuts across Media Relations | Marketing| Advertising, other Communications interests. Contact: peter.oluka@techeconomy.ng

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