Verimatrix XTD Tapped to Protect and Defend HBL Microfinance Bank’s FirstPay Mobile App
February 08 2024 - 11:45AM
Business Wire
Leading microfinance bank gains proactive
mobile app protection and valuable app insights to further
strengthen cyber defenses
Regulatory News:
Verimatrix, (Euronext Paris: VMX), the leader in powering the
modern connected world with people-centered security, today
announced that HBL Microfinance Bank Ltd (HBL MfB) is among the
latest financial institutions in the South Asia region to deploy
the Verimatrix Extended Threat Defense (XTD) app shielding service
to protect FirstPay, the bank’s mobile wallet app.
Earlier this month, HBL MfB added Verimatrix XTD protections to
its FirstPay mobile app that has seen 1 million+ downloads to date
between the Google Play Store and the Apple App Store. Verimatrix
XTD greatly reduces the chances of cybercriminals using the app to
infiltrate connected enterprises while deploying the latest
obfuscation, anti-tamper and anti-reverse engineering techniques to
prevent threats before they can compromise both the mobile app --
and the enterprise.
“We’re pleased to announce that HBL Microfinance Bank’s FirstPay
mobile app will now serve its customer base with the reassurance
that Verimatrix’s XTD app shielding service is proactively
providing the needed protections against attackers looking to
exploit app-related vulnerabilities,” said Tom Powledge, Head of
Cybersecurity Business for Verimatrix. “It’s through this strategic
effort to maximize protections during the ongoing development
process that XTD greatly reduces the chances of attack while also
providing the visibility and insights needed to identify and
remediate potential threats. That’s especially critical for mobile
apps that deliver such bedrock services such as basic banking needs
to so many.”
Mustafa Jamshed Gillani, Chief Digital & Financial Inclusion
Officer at HBL MfB, said “This partnership marks a significant
milestone in our journey toward digital financial inclusion and
providing safe and secure mobile banking services. At HBL
Microfinance Bank, our customers are our priority which is why it
is our mandate to offer convenience and financial security through
FirstPay. As a mobile wallet backed by a leading microfinance bank,
Firstpay is on a mission to provide accessible digital lending
solutions to the unbanked.”
Waqas Haider, Chief Information Security Officer at HBL MfB,
said, “In line with our leadership’s vision of digital financial
inclusion and digital banking for the unbanked, we are strongly
geared toward providing secure and stable mobile banking services
to our valued customers. In doing so, we put regulatory
requirements first and foremost in our approach of secure design.
We are proud to have such a focused team with a single vision to
deliver stable and secure mobile banking service to our valued
customers.”
About HBL Microfinance Bank HBL Microfinance Bank, was
established in 2002 as a nationwide microfinance bank. HBL MfB was
created through a structured transformation of the credit and
savings section of the Aga Khan Rural Support Programme (AKRSP), an
integrated development programme initiated in 1982, to pioneer the
microfinance sector. Through targeted financial and multi-sectoral
products and services based on the evolving needs of the
underprivileged, HBL MfB continues to enable its clients to
strengthen their entrepreneurial base and build financial, physical
and human capital to secure their future.
About Verimatrix Verimatrix (Euronext Paris: VMX) helps
power the modern connected world with security made for people. We
protect digital content, applications, and devices with intuitive,
people-centered and frictionless security. Leading brands turn to
Verimatrix to secure everything from premium movies and live
streaming sports, to sensitive financial and healthcare data, to
mission-critical mobile applications. We enable the trusted
connections our customers depend on to deliver compelling content
and experiences to millions of consumers around the world.
Verimatrix helps partners get to market faster, scale easily,
protect valuable revenue streams, and win new business. Visit
www.verimatrix.com.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20240208977275/en/
Verimatrix Investor: Jean-François Labadie, Chief
Financial Officer finance@verimatrix.com
Verimatrix Media: Matthew Zintel, Zintel Public Relations
matthew.zintel@zintelpr.com
Victory Metals (TSXV:VMX)
Historical Stock Chart
From Apr 2024 to May 2024
Victory Metals (TSXV:VMX)
Historical Stock Chart
From May 2023 to May 2024