FIS, a provider of banking and payments technology has announced its selection by Microsoft as a partner in the fight against cybercrime. The global companies signed a partnership agreement at Microsoft’s Cybercrime Enforcement Summit in Redmond, Washington.
Under the agreement, FIS will work with forensic analysts, software developers and researchers at the Microsoft Cybercrime Centre. The main aim of the partnership is to increase cooperative action between international law enforcement and private industry to help improve the security of payments and financial transactions worldwide and make the Internet a safer place to do business.
“FIS has a leading role in setting and maintaining security standards for the financial services industry worldwide,” said Greg Montana, EVP and chief risk officer, FIS. “Cybersecurity has no end state and we embrace the opportunity to work collaboratively with industry leaders such as Microsoft to continually advance and further strengthen the banking and payments industry for financial institutions and their customers across the globe.”
“We’re pleased to tap into FIS’ Cybersecurity expertise in our joint efforts to fight cybercrime,” said David Finn, executive director and associate general counsel, Microsoft Cybercrime Center. “We think their experience and knowledge will be invaluable as we work together to detect, pursue, and dismantle criminal organizations around the world.”
Whitepapers
Related reading
Travel industry must keep up with consumers’ payments demands
Payments providers must keep up with the fast-paced change of consumer demands in the travel sector, according to Kevin White, Mastercard’s director ... read more
Nissan joins in-car payments race
Payments services providers and fintechs have unleashed a flurry of collaborative innovations over the course of the past decade in order to ... read more
Ripple courting banks, paytech and big fintech to beat Swift to emerging markets
Midway into 2019, Ripple is broadening its clientbase in order to boost growth and capture emerging market volumes, according to Marcus Treacher, ... read more
UK SMEs need to embrace technology revolution
Modulr CEO Myles Stevenson and Seamus Smith, executive vice president of worldwide payments and banking for Sage, on why now is the time to embrace digitisation