Sumo Logic (Nasdaq: SUMO), the pioneer in continuous intelligence,
today announced it is expanding its work with leading businesses in
the fintech and banking sectors including Coincheck, Currencycloud,
Moneytree, MoonPay, Paidy, Snoop and more. These companies use Sumo
Logic’s Continuous Intelligence Platform™ to transform data from
complex systems into real-time insights with a single pane of
visibility across security and operations to help fintechs diagnose
and troubleshoot issues faster and reduce service interruptions.
The fintech space is one of the fastest-growing
areas of emerging technology, with investments of $44 billion
globally in 2020 according to Innovate Finance. In order to
successfully compete in this highly competitive and regulated
market, fintechs need to know what happens in their business as it
happens so they can respond with speed and relevance. Getting
real-time access to data around application performance is
essential for developing business operations while keeping those
services both secure and compliant. With more companies developing
their applications on cloud-native infrastructure, fintechs are
turning to continuous intelligence, a new category of software with
real-time insights delivered from a single, cloud-native platform
across multiple use cases to speed decision-making, and drive
world-class customer experiences.
“New cloud and application architectures,
increasing regulation and security concerns coupled with the
acceleration of digital transformation is challenging all
industries including fintech to modernize their business in order
to stay competitive,” said Dione Hedgpeth, Chief Customer Officer,
at Sumo Logic. “The ability to harness real-time analytics and
continuous intelligence across operations and security can support
fintechs business objectives as they compete against more
traditional banks. In turn, teams can move quickly and adopt new
technologies faster which means organizations can spend more of
their time building services for their customers and less time
managing their infrastructure.”
Sumo Logic works with a number of the world’s
leading fintech organizations to accelerate innovation and reduce
the time to detect, identify, and resolve operational and security
issues including:
“Our service is based on taking customer banking
transaction data via Open Banking, understanding their behavior and
helping them with money saving recommendations that are
personalized to them, a bit like Instagram for their money.
Customers trust us with their banking data, and therefore we have
to be as secure as a bank. Sumo Logic takes the same approach that
we deliver to our customers around security, developer and
operations data, offering our DevOps team real-time insights and
actionable intelligence. Because Sumo Logic’s platform spans
security and observability, it significantly helps our team be more
efficient as we look to scale up.”Jem Walters, Chief
Technology Officer, Snoop
“We wanted a partner that delivered on the promise
of a great customer experience. Sumo Logic provides Currencycloud
centralized security analytics with real-time alerts and actionable
intelligence. It is helping us scale for enterprise services and
banking-grade security.”Derik Vercueil, Global Vice
President of Architecture & Security,
Currencycloud
“As one of Japan’s premiere cryptocurrency
exchanges, it’s critical that we are able to detect early warning
signs of illegal access of our systems so we can quickly respond to
potential threats, while adhering to strict data compliance
regulations. Sumo Logic helped us rebuild our monitoring framework
and enabled us to have a single source of truth of our data that
could be leveraged across IT, security and development
teams.”Yoshihiro Kyan, Cybersecurity
Manager, Coincheck, Inc.
“Helping financial institutions connect with their
customers is at the core of what Moneytree does by offering a
secure sharing platform for financial data. We rely on Sumo Logic
to provide the continuous intelligence needed across both
operations and security, so customers can confidently move data
between disparate systems quickly and securely."Ross
Sharrott, CTO and Founder, Moneytree
Modernizing Fintechs with Continuous
IntelligenceSumo Logic’s Continuous Intelligence Platform™
addresses the challenges fintechs face by unifying all machine
data—logs, events, and performance metrics—across on-premises,
cloud-hosted and hybrid environments. By providing a single pane of
visibility across the entire heterogeneous architecture in
real-time, and across multiple use cases, Sumo Logic helps IT
operations, DevOps, SRE, security, and engineering teams with
real-time, secure, unified alerts and dashboards to enable faster
issue identification and troubleshooting.
Additional Resources
- View the infographic on the five intelligence gaps that
threaten fintech companies
- Learn more about the Sumo Logic Continuous Intelligence
Platform™
- Read the white paper on how Sumo Logic helps fintechs close
intelligence gaps
- Watch the video with Sumo Logic, AWS and Snoop around objective
driven observability
- Sign up for a free trial of Sumo Logic
About Sumo LogicSumo Logic Inc.
(Nasdaq: SUMO) is the pioneer in continuous intelligence, a new
category of software, which enables organizations of all sizes to
address the data challenges and opportunities presented by digital
transformation, modern applications, and cloud computing. The Sumo
Logic Continuous Intelligence Platform™ automates the collection,
ingestion, and analysis of application, infrastructure, security,
and IoT data to derive actionable insights within seconds. More
than 2,100 customers around the world rely on Sumo Logic to build,
run, and secure their modern applications and cloud
infrastructures. Only Sumo Logic delivers its platform as a true,
multi-tenant SaaS architecture, across multiple use-cases, enabling
businesses to thrive in the Intelligence Economy. For more
information, visit www.sumologic.com.
Sumo Logic is a trademark or registered trademark
of Sumo Logic in the United States and in foreign countries. All
other company and product names may be trademarks or registered
trademarks of their respective owners.
Any information regarding offerings, updates,
functionality, or other modifications, including release dates, is
subject to change without notice. The development, release, and
timing of any offering, update, functionality, or modification
described herein remains at the sole discretion of Sumo Logic, and
should not be relied upon in making a purchase decision, nor as a
representation, warranty, or commitment to deliver specific
offerings, updates, functionalities, or modifications in the
future.
Media ContactsMelissa LitonSumo
Logicmliton@sumologic.com(650) 814-3882
Sumo Logic (NASDAQ:SUMO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Sumo Logic (NASDAQ:SUMO)
Historical Stock Chart
From Apr 2023 to Apr 2024