NBFCs – Tech | Business | Economy https://techeconomy.ng Tech | Business | Economy Thu, 22 May 2025 09:25:40 +0000 en-GB hourly 1 https://wordpress.org/?v=7.0 https://techeconomy.ng/wp-content/uploads/2025/06/cropped-256Px-32x32.png NBFCs – Tech | Business | Economy https://techeconomy.ng 32 32 Mart Networks Unveils Comprehensive Cybersecurity Offering Tailored for Fintechs https://techeconomy.ng/mart-networks-unveils-comprehensive-cybersecurity-offering-tailored-for-fintechs/ https://techeconomy.ng/mart-networks-unveils-comprehensive-cybersecurity-offering-tailored-for-fintechs/#respond Mon, 19 May 2025 14:12:42 +0000 https://techeconomy.ng/?p=158980 Mart Networks, a leading cybersecurity distributor in Africa and Middle East, has announced the launch of a dedicated cybersecurity offering specifically designed for fintech companies.

This new solution is powered by Invinsense, Infopercept’s unified cybersecurity platform.

Purpose-Built Security for Fintechs

The new fintech package delivers full-spectrum cybersecurity through managed services integrated into four core areas of the Invinsense platform:

1. Tailored Security Across the Stack

    • Invinsense XDR + Managed Detection & Response: Real-time threat monitoring, incident response, and custom log ingestion across infrastructure, APIs, applications, and cloud environments.
    • Invinsense OXDR + Exposure Management: Continuous evaluation of vulnerabilities, misconfigurations, attack surfaces, and third-party risks.
    • Invinsense GSOS + Security Compliance Management: End-to-end support for adhering to local and global regulatory requirements.
    • Cybersecurity Awareness Programs: Built-in training modules covering phishing, smishing, vishing, and other attack vectors—empowering fintech teams to stay cyber-resilient.

2. Deep Visibility for Custom Applications and Logs

Fintech platforms are often custom-built. Invinsense SIEM provides flexible log ingestion and monitoring aligned to fintech-specific application logic and workflows.

3. Engineering-Led Remediation

Infopercept’s engineering team actively delivers patches, code-level fixes, and infrastructure security enhancements to ensure rapid remediation.

4. Cloud and SaaS Security from Code to Cloud

Invinsense provides full-stack protection including:

    • CNAPP (Cloud-Native Application Protection Platform)
    • API Security
    • CIEM (Cloud Infrastructure Entitlement Management)
    • ASPM (Application Security Posture Management)
    • CDR (Cloud Detection & Response)
    • DevSecOps, IaC scanning, and more

“Fintech companies operate at the intersection of innovation and high-stakes regulation. Unlike traditional enterprises, they face immense scrutiny from regulators and enterprise clients—often banks or NBFCs—making cybersecurity foundational to their business,” said Moiz Maloo, managing director, Mart Networks. “Most fintechs don’t have the luxury of multiple internal security teams or system integrators. With this focused offering, we’re providing an all-in-one platform with managed services built specifically for the fintech environment.”

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Banking-as-a-Service (BaaS) Market Size Predicted to Grow over 17% CAGR by 2032 https://techeconomy.ng/banking-as-a-service-baas-market-size-predicted-to-grow-over-17-cagr-by-2032/ https://techeconomy.ng/banking-as-a-service-baas-market-size-predicted-to-grow-over-17-cagr-by-2032/#respond Mon, 05 Feb 2024 13:57:40 +0000 https://techeconomy.ng/?p=124323 The banking-as-a-service (baas) market will witness over 16.5% CAGR between 2023 and 2032, propelled by burgeoning partnerships and collaborations among industry leaders.

As financial institutions increasingly seek innovation and agility, strategic alliances between fintech firms and traditional banks drive BaaS adoption.

For instance, in November 2023, Zil Money, a frontrunner in banking-as-a-service (BaaS), unveiled a significant partnership with the innovative Sunrise Bank.

This collaboration aims to revolutionize the fintech landscape by streamlining client onboarding and enabling real-time monitoring, all while maintaining the high standards of risk management and compliance set by Sunrise Bank.

This pivotal alliance is set to reshape the fintech space, introducing unmatched efficiency and upholding top-tier industry benchmarks. These collaborations facilitate enhanced customer experiences through innovative financial products and services.

The surge in such alliances reflects a dynamic shift towards seamless, tech-driven banking solutions, amplifying the Banking-as-a-service (BaaS) market outlook.

Banking-as-a-Service - BaaS
Credit: gminsights.com

API-based Banking-as-a-service (BaaS) segment will exhibit remarkable growth from 2023 to 2032. Leveraging APIs, BaaS facilitates seamless integration of banking functionalities into third-party applications, revolutionizing the way financial services are delivered and accessed.

This innovation enables businesses to offer tailored financial products and services, driving customer engagement and loyalty.

With its open and flexible architecture, API-based BaaS fosters rapid innovation and collaboration, empowering institutions to deliver personalized, on-demand banking experiences, reshaping the Banking-as-a-Service (BaaS) market demand.

NBFC segment will register a noteworthy CAGR from 2023 to 2032. These entities leverage BaaS to expand their service offerings, providing financial products like loans, investments, and payment solutions.

By harnessing BaaS capabilities, NBFCs enhance their agility and reach, catering to diverse customer needs.

This synergy allows NBFCs to bridge the gap between traditional banking and innovative fintech solutions.

Empowering NBFCs to serve a broader clientele while optimizing operations through flexibility and scalability, further solidifying their contribution to the Banking-as-a-Service (BaaS) market growth.

Europe Banking-as-a-Service (BaaS) industry will showcase a commendable CAGR from 2023 to 2032. BaaS in Europe fosters collaborations between established financial institutions and agile fintech firms, leading to diverse and accessible financial solutions.

This synergy fuels a customer-centric approach, offering tailored products and seamless digital experiences.

With regulatory frameworks promoting innovation, Europe emerges as a hotbed for BaaS, redefining the future of banking by combining innovation, compliance, and customer-centricity in an ever-evolving financial landscape.

[Source] [Featured Image Credit]

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