Build38 is proud to be part of the #CyberTech100 for 2020, the 100 innovative companies that every financial institution needs to know about when they consider and develop their information security and financial crime fighting strategies. We were chosen by a panel of industry experts and analysts who reviewed a study of over 1,000 CyberTech companies undertaken by FinTech Global, a data and research firm.
We feel pretty honoured and look forward to continue working with Financial Institutions, Fintechs and other Financial Services providers so they can #buildonBuild38 and deliver the best in class mobile services with total peace of mind.
As explained in the Press Release by FinTech Global, the world’s most innovative providers of digital solutions helping financial services firms fight off cyber attacks and protect their data were named today on the CyberTech100 list.
CyberTech is one of the fastest growing sectors within the FinTech industry, with FinTech Global data showing investment in the space has grown 14x since 2014 to reach $3.4bn last year.
That surge in activity comes as financial services firms are increasingly moving towards digital operations and expanding their security budgets. According to a study by Gov.uk, finance and insurance firms increased their spending on cybersecurity by 23% YoY in 2019.
Given the huge rise in appetite for the sector, the CyberTech100 was produced to identify the 100 innovative companies that every financial institution needs to know about when they consider and develop their information security and financial crime fighting strategies.
The solution providers making the final list were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the security value chain
FinTech Global director Richard Sachar said, “Established financial institutions need to be aware of the latest security technology in the market to protect their organizations from data leaks and cyber attacks.
“The CyberTech100 list helps senior management filter through all the vendors in the market by highlighting the leading companies in sectors such as Threat Management, Data Governance, Cloud Security, Employee Risk and Fraud Prevention,” he added.
A full list of the CyberTech100 can be found at www.CyberTech100.com. More detailed information about the companies is available to download for free on the website.