– Reseller Agreement for Cassie Further Expands
Suite of Services Offered by DRT Cyber with a Highly Complementary
Solution to RAVEN Anti-Spam Legislation Solution
–
LONDON, ON, Aug. 31, 2021 /PRNewswire/ - VersaBank
("VersaBank" or the "Bank") (TSX: VB), a leader in digital banking
and cyber security solutions, today announced that its
wholly-owned, Washington, DC-based
subsidiary, DRT Cyber Inc. ("DRT Cyber") has entered into a
Reseller agreement (the "Agreement"), with UK-based Syrenis, under
which DRT Cyber will sell Syrenis' subscription-based, flagship
product, Cassie, a world leading Consent and Preference Management
solution for organizations globally. DRT Cyber will add
Cassie to its suite of innovative solutions for data protection,
cyber security and compliance.
Syrenis' Cassie empowers organizations to maximise their data,
while ensuring regulatory compliance. Cassie provides a
central, single source of truth for all Data Subjects across the
myriad of systems found in multinational corporations (e.g.
web-based cookie and embedded consent capturing and management),
helping clients comply with increasingly stringent and complex
global privacy laws while also managing consented data to ensure
their clients can confidently and legally use that data in
marketing activities. Cassie integrates seamlessly with DRT
Cyber's anti-spam legislation solution, RAVEN (launched earlier
this year) to provide full compliance with complex, global
anti-spam laws.
"The addition of Cassie to DRT Cyber's suite of offerings marks
another meaningful step forward in our provision of a comprehensive
suite of services that form the four pillars of addressing the
cyber security challenges of corporations and government today –
Assessment, Detection, Protection and Privacy," said David Taylor, President and Chief Executive
Officer, VersaBank. "It is an excellent complement to our
RAVEN anti-spam legislation solution and together, these two
solutions are a powerhouse in the privacy compliance sector, as
businesses and governments globally deal with ever-increasing and
increasingly complex regulation around online user data."
"We are delighted to welcome VersaBank's DRT Cyber as a partner
for our Cassie solution, as they have particular expertise in data
security and privacy that can offer new and existing clients a
complementary range of specialist solutions," commented
Glenn Jackson, Chief Executive
Officer, Syrenis. "As the global data privacy environment becomes
more complex, with a growing number of constantly evolving data
protection laws, it's critical to entrust privacy solutions to
specialist organizations that understand the principles of data
privacy."
ABOUT SYRENIS
Syrenis provides personal information management and stakeholder
engagement solutions for large global enterprises. The company's
flagship product, Cassie, is an enterprise consent and preference
management solution that enables large multi-national corporations
to manage their data in compliance with global data privacy
regulations, while at the same time, developing customer engagement
and trust. Syrenis' Stakeholder Relationship and Management
Tool, SMART, gives organisations the ability to track and trace
their relationships with key internal and external influencers and
stakeholders. Syrenis' solutions enable compliance,
demonstrate transparency, minimize risk and establish engagement
and trust. Syrenis has a widespread user base and the company's
solutions are used extensively in many different sectors including
healthcare, financial services, retail, resourcing, media and
public sector. The company's client base covers Europe, North
America, Middle East &
Asia-Pacific. Syrenis is backed by
angel investors, renowned business leaders, Sir Terry Leahy (formerly CEO of Tesco) and
entrepreneur Bill Currie. Based in
the UK, the company has ambitious plans for global growth and to
support and expand its client base in North
America. www.syrenis.com
ABOUT VERSABANK
VersaBank is a Canadian Schedule I chartered bank with a
difference. VersaBank became the world's first fully digital
financial institution when it adopted its highly efficient
business-to-business model using its proprietary state-of-the-art
financial technology to profitably address underserved segments of
the Canadian banking market in the pursuit of superior net interest
margins while mitigating risk. VersaBank obtains all of its
deposits and provides the majority of its loans and leases
electronically, with innovative deposit and lending solutions for
financial intermediaries that allow them to excel in their core
businesses. In addition, leveraging its internally developed IT
security software and capabilities, VersaBank established wholly
owned, Washington, DC-based
subsidiary, DRT Cyber Inc. to pursue significant large-market
opportunities in cyber security and develop innovative solutions to
address the rapidly growing volume of cyber threats challenging
financial institutions, multi-national corporations and government
entities on a daily basis.
VersaBank's Common Shares trade on the Toronto Stock Exchange
under the symbol VB and its Series 1 Preferred Shares trade under
the symbol VB.PR.A.
Visit our website at: www.versabank.com
Follow VersaBank on Facebook, Instagram, LinkedIn and
Twitter.
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SOURCE VersaBank