Xcordis FinTech partners with Promon to enhance mobile application security

Xcordis FinTech provides products and services to companies who use web-based payments platforms, supporting real-time payment syndication, payment interchange, and integration of online shopping carts and merchant gateways. Michael King, Chairman at Xcordis FinTech explains how Promon Shield will add to its offerings: “Vendors are now increasingly offering products through applications to meet market demand, and there is a rising issue with malware on these applications, especially in the case of mobile devices. Promon is the perfect fit for us, the Shield offering enables our customers’ end users to access applications through their preferred device securely, and without having to worry about the risk of malware.

Following Promon’s recent launch in the UK, Xcordis FinTech will also be a key part of Promon’s introduction to the UK market. Jan Søgaard, CEO of Promon comments: “End users are increasingly concerned about the security risks in applications, and quite rightly so, as malware attacks become much more frequent and much more sophisticated. Xcordis FinTech has recognised this, and taken steps to integrate Promon Shield as part of it’s on-going effort to make sure that its solutions offer the highest level of security for its end users. We’ve worked with a number of partners and customers in the Norwegian market. The partnership with Xcordis FinTech offers us a clear gateway to begin to make strides in the UK market since launching.”

Promon Shield closes security holes in applications, preventing Trojans, spyware and other types of malware from interacting with the application and avoids leakage of sensitive data handled by the application. The technology significantly reduces the risk of both transaction fraud and leakage of sensitive information, thereby protecting companies’ assets, reputations and customers.