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AGS Transact Tech and Utimaco Partners to provide Cyber-Defense Technology for Digital Payments in India & South-east Asia 

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On November 11, 2020 AGS Transact Technologies Limited (AGSTTL) and Utimaco entered into partnership to offer Cyber-Defense Technology, the highest level of security for digital payments and automation solutions to organizations across sectors including banking, petroleum, retail etc. in India & South-east Asia.

Aim of the Partnership– To provide Cyber-Defense Technology to organizations across sectors.

About the Alliance:

i.Under this partnership, the companies will provide crypto-key security solutions to organizations across sectors.

ii.The cybersecurity solutions will be offered on the hosted model and on the sales model.

Key Info:

i.As per the  Boston Consulting Group, the Banking Financial Services and Insurance industries firms are 300 times more likely than other institutions to experience a cyberattack.

ii.The COVID-19 pandemic has added new dynamics to protect data and transactions.

iii.It is to be noted that one of the highest priorities of organisations across sectors is to protect sensitive information.

Info about the Companies:

i.Utimaco is a leading global provider of IT(Information Technology) security solutions.

ii.AGSTTL is one of India’s leading providers of end-to-end cash and digital payment solutions & automation technology.

Recent Related News:

In order to create awareness on cyber safety among students, WhatsApp Inc.(WhatsApp) and CyberPeace Foundation have entered into a partnership. The partnership targets to reach about 15,000 students in 5 Indian states namely, Delhi, Madhya Pradesh, Bihar, Jharkhand and Maharashtra by the end of 2020 under the first phase of a pan-India programme.

About Utimaco:

Headquarters- Aachen, Germany
CEO– Stefan Auerbach

About AGS Transact Technologies Limited (AGSTTL):

Founder, Chairman & Managing Director– Ravi B. Goyal
Headquarters– Mumbai, Maharashtra