Fiserv, Inc. (NASDAQ: FISV), a global provider of financial services technology solutions, announced on Monday it has formed a strategic partnership with BlueVoyant, a next-generation cybersecurity company, to deliver a comprehensive managed security platform that specifically addresses the unique needs of financial institutions – from threat detection, response and remediation to regulatory compliance and reporting.
The companies reported they will provide detection, real-time response and automated remediation of suspicious activity targeting internal systems using an integrated combination of network and endpoint monitoring, extensive threat intelligence and behavioral analytics.
“These are among a range of intelligent security capabilities offered by Fiserv to enable financial institutions to understand emerging threats and establish multilayered defenses to minimize risk, prevent fraud, help ensure compliance, and enable consumers and businesses to transact with confidence. These capabilities embody a clear and consistent approach that emphasizes fact-based security decisions and measurable outcomes, facilitating intelligent financial experiences.”
Fiserv and BlueVoyant noted that the new solution complements other leading-edge cybersecurity solutions offered by Fiserv, including Sentry Cyber Security and SecureNow, which are designed to mitigate risks within the financial institution as well as risks associated with customer-facing services such as digital banking platforms. Speaking about the solution, Byron Vielehr, Chief Administrative Officer of Fiserv, stated:
“Adversaries are targeting banks and credit unions of all sizes with sophisticated attacks. By working with partners like Fiserv and BlueVoyant, financial institutions can access capabilities and insights to make their cybersecurity strategies exponentially more effective than if they went it alone.”
Jim Rosenthal, CEO of BlueVoyant, then added:
“It’s time to end the hacker advantage. The solution we’ve developed jointly with Fiserv closes the information and organization gap and offers financial institutions the advanced defenses previously only available to the largest banks and government agencies. These defenses are essential to protect financial institutions, our industry and our economy.”