Retail payment solutions and digital payments transformation technology experts Opus Consulting Solutions have partnered with API security firm Noname Security to protect Opus’ global customer base from a dangerous new class of cyberattacks , the two companies announced today.
A leader in fintech software development, Opus Consulting Solutions has built more than 350 payment systems for some of its renowned global clients across the spectrum of the payment technology ecosystem. It combines deep technological mastery with unparalleled domain expertise to deliver innovative, efficient and secure systems.
With the rise of the cloud and mobile technology, payment systems increasingly depend on APIs, software interfaces that allow cloud and mobile applications to communicate with each other. APIs allow financial technology providers to integrate their applications with their customers’ existing business systems without affecting the security or integrity of those systems. One estimate places the total amount of API-based transactions at $ 1.1 trillion per year.
The growing importance of APIs and the critical nature of payment technologies have made them key targets for cybercriminals and a top priority for Opus. Through its new alliance with Noname, Opus can discover, track, monitor and diagnose API vulnerabilities from development to production, understanding exactly which APIs are being used and what they are doing at all times.
Noname’s agentless security platform discovers APIs and analyzes API traffic across customer’s IT infrastructure, flagging suspicious activity patterns. It is the only solution that covers all aspects of API security, from discovering APIs and analyzing vulnerabilities to resolving anomalies and misconfigurations and testing APIs before they go live. Noname provides a complete view of API activity and threats at every stage of an API lifecycle without overloading customer infrastructure with large software agents.
“For us, the security of our customers’ systems is absolutely paramount,” said TM Praveen, CEO of Opus Consulting Solutions. “With digital transformation and PSD2, payment technology is becoming API-based, which means helping our customers modernize without compromising security. Nobody does that like Noname. They set the gold standard, with the most comprehensive and efficient technology for API security. APIs can help payments companies create ecosystems that advance payments innovation and gain new customers.
“When it comes to payments knowledge and experience, Opus is second to none,” said Oz Golan, CEO and co-founder of Noname Security. “They understand what it takes to secure a modern payment system and how the attack surface is changing. They are totally committed to keeping their customers’ systems and data secure, and we are proud to help them do so.