Vera Partners with Canon to Enable Data Security Across Devices and Services

Courtesy of a partnership announced today, next generation data security specialist Vera will secure all information processed by Canon Solutions America’s fleet of multi-function devices, digital imaging tools, and services. Canon will access Vera’s data protection and rights management platform via its Enterprise Solutions business to enable secure data capture, detailed auditing, and data privacy.

“Canon’s products are at the center of how businesses around the world work, and we’re inspired by their philosophy of working together for the common good,” CEO and co-founder of Vera, Ajay Arora said. “By taking a data-centric approach to security, Canon Solutions America is laying the foundation for the most impenetrable walls of the Information Age.”

Left to right: Carlos Fernandes (CEO, Agile Cybersecurity Solutions), Peter Kowalczuk (President, Canon Solutions America), and Ajay Arora (CEO and co-founder, Vera) during the One Canon Event 2018.

Vera’s platform empowers its customers to encrypt, monitor, and manage how digital content is accessed regardless of how or where it is stored. Control over data is maintained whether the data is at rest, in use, or in transit, giving users a unique ability to protect critical information from data breaches and loss. Canon Solutions America will deploy Vera’s technology to secure content and file sharing for both local storage and cloud content; provide dynamic, multi-factor authentication for highly-classified or sensitive data; and ensure compliance with EU regulations with regard to GDPR via a “360-degree audit trail and chain of custody.”

“By partnering with Vera,” Canon Solutions America president Peter Kowalczuk said, “we can ensure security and confidentiality for any information captured by a Canon device, and help secure workflows across a complex organization. Vera’s seamless user experience and powerful platform will make it one of our hallmark solution offerings nationally, and worldwide,” he said.

Vera demonstrated its zero-touch, zero-friction data protection technology at FinovateSpring 2016. Founded in 2014 and headquartered in Palo Alto, California, Vera began the year with a set of new hires, bringing on board its first chief financial officer, Sam Wolff, and adding technical talent in the form of Wesley Yeremenko, who will serve as the company’s SVP for Engineering.

Last fall, the company launched its Vera for Mail solution, which provides enterprise-grade encryption for email as well as the ability to dynamically change access rights in real-time. Vera announced a new partnership with GE in September, protecting the company’s product designs, intellectual property, and proprietary data. Winner of the 2017 CyberSecurity Breakthrough Award, the company has raised $50 million in funding, and includes Hasso Plattner Ventures, Sutter Hill Ventures, and Battery Ventures among its investors.

Finovate Alumni News

On Finovate.com

  • Jack Henry Marks 100 Bank Clients Using Geezeo-Powered Service.
  • Vera Partners with Canon to Enable Data Security Across Devices and Services.

Around the web

  • Moneyhub sends CTO to Europe to implement PSD2 strategy.
  • CREALOGIX, Temenos, and Thomson Reuters win in Asian Private Banker Technology Awards.
  • Alfa Bank teams with Ingenico to enable local card processing in Russia for international merchants.
  • ThreatMetrix President and CEO Reed Taussig recognized by One World Identity as one of Top 100 Influencers in Identity.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Vera Hires First Chief Financial Officer and Adds Technical Talent

Enterprise data security specialist Vera is starting the new year with a pair of big new hires – including the company’s first chief financial officer.

“Vera has a phenomenal opportunity ahead of it to transform the data security market and redefine how enterprises protect their most valuable data,” Sam Wolff, Vera’s new Chief Financial Officer said in a statement. “It’s a very exciting time to be joining a company with such potential.”

Wolff (pictured above) comes to Vera after serving as Chief Financial officer for Birst, a cloud-based business intelligence software solution provider acquired by Infor earlier this year. Previous to this, he was CFO for digital ad targeting data management platform, BlueKai. Wolff also spent several years working with Yahoo! in corporate financial planning and analysis, investor relations, and other areas. Wolff has a Bachelors degree from Harvard University and earned his MBA in Finance from Indiana University Bloomington.

Vera CEO and co-founder Ajay Arora praised Wolff’s “deep experience leading durable SaaS businesses,” and said the hire was part of the company’s effort to “level up our ability to scale both our organization and our technology.”

The other part of this effort was the hiring of new senior VP of Engineering, Wesley Yeremenko (pictured below). Formerly the head of Advertising Technology at Adobe Primetime, Yeremenko was also Chief Technical Officer for Auditude (since acquired by Adobe), and VP of Engineering for OpenDNS (since acquired by Cisco), and AdBrite. He has a Master of Science from Kiev State Polytechnic University. Arora highlighted Yeremenko’s nearly 20 years of experience working with high-scale, high-visibility SaaS systems and his “proven ability to build internet-scale platforms.”

Founded in 2014 and based in Palo Alto, California, Vera demonstrated its Vera Security solution at FinovateSpring 2016. The company’s focus on protecting data in transit in real time across users, devices, apps, and platforms has earned Vera partnerships with firms ranging from General Electric to fellow Finovate alum, Twilio. In November, Vera launched its enterprise-grade encryption for e-mail solution, Vera for Mail. Last May, the company announced a $15 million strategic investment from Hasso Plattner that took Vera’s total capital to more than $50 million.

Finovate Alumni News

On Finovate.com

  • Vera Hires First Chief Financial Officer and Adds Technical Talent.
  • Akamai Appoints Former Verizon CIO as Chief Information Officer.
  • Wealthfront Rakes in $75 Million.
  • Daon Forges Strategic Partnership with North African Technology Innovator GEMADEC.
  • Ghana Government to Leverage Entrust Datacard to Issue National ID Cards.

Around the web

  • Fintech News names Flywire 1 of 8 promising fintechs in Singapore to watch.
  • IDology listed among 50 fastest growing tech companies in 2017.
  • Fiserv VP of Product Strategy for Card Services, Jon Rosner talks about the pace of digital wallet adoption.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Vera for Mail Delivers Enterprise-Grade Encryption for Email

Security specialist Vera unveiled its latest solution for sharing and securing enterprise data today: Vera for Mail. Now generally available, the new technology protects confidential correspondence, classifies messages, and dynamically changes access rights in real-time. Vera for Mail enables automatic encryption of email messages and attachments, providing better control over sensitive information.

“The significant rise in data breaches from compromised email is changing how companies think about protecting their critical communications,” Vera CTO and co-founder Prakash Linga said in a statement. Warning that a lack of control over sensitive correspondence means “losing the battle” against cybercrime, Linga added “by leveraging the same encryption, classification, rights management, and tracking that powers our file security products, we can achieve what other solutions can’t: simple, data-centric security for email that just works.”

Vera CEO and co-founder Ajay Arora demonstrating the company’s data protection technology at FinovateSpring 2016.

Launched as a private beta this spring, Vera for Mail gives workers, contractors, partners, and third parties the ability to control sensitive information after it leaves the organization. The technology provides complete visibility into all email access attempts and enables the user to manage and track access and sharing. Additionally, the solution allows users to dynamically watermark emails, restrict ability to take screenshots, and limit or prevent email forwarding. Vera for Mail can also be automated to provide security, manage access, and track sharing for both internal and external email correspondence in complex enterprises.

Announcing the general availability of the technology at the Vera blog, VP of Marketing Grant Shirk underscored the importance of a security solution that does not compromise the user experience – “Truly, this is where prior attempts at making email security work in the enterprise have failed,” he noted. Instead, Vera for Mail enables “securing an email … as easy as pressing send” through a combination of dynamic data protection and “an experience purpose-built for collaboration,” Shirk wrote. Vera for Mail works with popular email clients such as Outlook and Apple Mail, and can also be deployed with browser-based email clients like Gmail.

Vera made its Finovate debut last year, demonstrating its security platform at FinovateSpring 2016. Last month, the company announced that it would provide data security services for General Electric. In May, Vera reported that it would provide support for multi-factor authentication solutions from a trio of companies including fellow Finovate alum, Twilio. Founded in 2014 and headquartered in Palo Alto, California, Vera has raised $50 million in funding, including a $15 million strategic investment earlier this year. Hasso Plattner Ventures, Sutter Hill Ventures, and Battery Ventures are among the company’s investors.

Finovate Alumni News

On Finovate.com

  • Vera for Mail Delivers Enterprise-Grade Encryption for Email.
  • Clinc Goes Global with Deployments in Six Countries, Signs Deal with Turkey’s Biggest Private Bank.

Around the web

  • IBERIABANK selects nCino to Support Growth and Enhance Client Experience
  • BlueVine wins Best Business Finance Provider, North America (Winner) in trade finance global awards.
  • Zighra receives second U.S. patent for passive authentication system.
  • Q2 announces financial services and technology veteran Christine Petersen as Chief Revenue Officer.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Stronger Together: Fintechs, Techs, and FIs Collaborating on CyberSecurity

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Ready for some good news on the cybersecurity front?

Most of the time cybersecurity appears in the headlines, it is a report of a breach that just occurred or a new threat to guard against in the future. Caught between the hack that caught us unaware and the certainty that it won’t be the last, we can lose sight of the fact that there are hundreds of cybersecurity firms with thousands of security professionals that are working around the clock to make our lives online a lot safer. And many of these companies are Finovate alums specializing in service to the financial industry and its customers.

Ted Ross, founder and CEO of SpyCloud, demonstrating the company’s Best of Show-winning platform at FinovateFall 2017.

Importantly, not only are these companies working 24/7/365 to fight cybercrime, but also many of them are teaming up and partnering with financial institutions, retailers, and each other to test their technologies, make key improvements and enhancements, and ultimately get their fraud-fighting solutions to market.

With that in mind – and in line with our October focus on cybersecurity – here’s a look at the partnerships, agreements, and collaborations forged by our cybersecurity-related alums so far in 2017.

October

Fintech-to-Tech

  • Mitek partners with handwriting-based biometric authentication service Asignio to deliver IDaaS solution.
  • Avoka extends strategic partnership with Mitek for digital identity verification solutions.
  • ThreatMetrix and ID.me partner to deliver ID verification for government and commercial digital services.
  • Ledger partners with Intel to boost blockchain app security.
  • BioCatch to power behavioral biometrics for Samsung SDS America. 
  • SecureKey collaborates with Intel to enable consumers to access its blockchain-based digital identity technology via traditional web browsers.
  • Zighra launches flagship continuous authentication product.
  • Kony to launch digital banking solution leveraging Daon biometrics. 
  • iSignthis to integrate its Paydentity UBO Service with Web Shield’s InvestiGate platform.
  • TASCET teams with Secured2 to launch Algo5 data security offering.

Fintech-to-FI

  • Latvian Bank Citadele secures mobile and online banking with VASCO’s DIGIPASS for Apps and CRONTO.
  • National Bank of Canada joins SecureKey’s digital identity network.

Fintech-to-ECommerce

  • HooYu to provide ID confirmation for U.K.’s Cars-as-a-Service easyCar Club.

Multiple Best of Show winner EyeVerify demonstrating its Eyeprint ID technology at FinovateEurope 2017 with partner YapiKredi Bank.

September

Fintech-to-Tech

  • Vera to provide data security services for GE.
  • BioCatch to power fraud prevention solutions for HoneyTek Systems.

Fintech-to-FI

  • DefenseStorm to bolster cybersecurity operations for Genesee Regional Bank ($551 million in assets).
  • Open Banking selects Ping Identity to provide the identity and access management to underpin the U.K.’s open banking framework.

Fintech-to-Ecommerce

  • Signifyd guarantees fraud protection for Magento Commerce Merchants.
  • Infosys Finacle partners with ToneTag to leverage sound wave technology to drive contactless authentications and transactions.

August

Fintech-to-Tech

  • Jumio partners with Plynk to bring instant verification to Europe’s first money messaging app.
  • FIS and Equifax partner to offer new identity verification solution, OnlyID.
  • Biometric Signature ID partners with National Fingerprint to provide virtual ID proofing and verification services.
  • BioCatch partners with LexisNexis to leverage data and analytics for better risk management.

Fintech-to-FI

  • Samsung to power biometric authentication pilot for Bank of America.
  • Mexican payment processor chooses fraud fighting technology from Featurespace.

Fintech-to-ECommerce

  • HooYu brings identity confirmation technology to BCRemit.

July

Fintech-to-Tech

  • ID Analytics partners with Acxiom to strengthen risk assessment and combat fraud.
  • HackerOne Powering bug bounty program for Tor browser.

Fintech-to-FI

  • MoneYou integrates Mitek’s identity solutions for real-time digital onboarding.
  • DefenseStorm to serve as cybersecurity partner for Bank of Jackson Hole to enhance security.

Fintech-to-ECommerce

  • International Air Transport Association chooses fraud prevention technology from Featurespace.
  • Signifyd brings its Guaranteed Fraud Protection solution to Authorize.Net’s U.S.-based e-commerce merchants.

Behavioral biometric innovator BehavioSec, shown here demonstrating BehavioSec on Demand at FinovateFall 2015, has won three Best of Show awards.

June

Fintech-to-Tech

  • Daon adds EyePrint ID to IdentityX platform courtesy of new partnership with EyeVerify.
  • IdentityMind Global to offer Confirm.io’s document authentication technology to its financial services customers.
  • Jumio partners with Monzo for strong identity verification.
  • iovation to integrate its device-based authentication technology with PingFederate from Ping Identity.
  • TSYS partners with Featurespace to deliver real-time decision capabilities.

Fintech-to-FI

  • Leumi Card to use Feedzai’s artificial intelligence platform to fight fraud.
  • Ghana-based Premium Bank selects NetGuardians’ anti-fraud solution – FraudGuardian.

May

Fintech-to-Tech

  • Cisco and IBM team up on security.
  • BehavioSec partners with Kount.
  • Trulioo partners with Mitek to add facial recognition functionality to its ID verification platform.
  • Daon to integrate IdentityX platform with Experian’s fraud and identity platform, CrossCore.

Fintech-to-FI

  • Australia-based forex broker Pepperstone to deploy Paydentity verification services from iSignthis.

April

Fintech-to-Tech

  • Fraud prevention innovator Featurespace partners with U.K. digital family banking solution, goHenry.
  • Payment solutions provider Buckaroo chooses AML solution from Fiserv.

Fintech-to-FI

  • Global financial services firm chooses Mobile Verify and Mobile Fill from Mitek.

Fintech-to-ECommerce

  • Braspag announces integration of e-commerce and anti-fraud technology from ACI Worldwide.

A FinDEVr favorite, HackerOne and its bug bounty and vulnerability disclosure platform leverage white hat hackers to find critical security gaps before criminals do.

March

Fintech-to-Tech

  • Mastercard adds to authentication arsenal with acquisition of NuData Security.
  • Swiss financial sector infrastructure operator SIX partners with IBM Watson to build cyber-security hub.

Fintech-to-FI

  • Daon brings mobile biometric authentication to UnionBank.
  • Co-op Financial Services to leverage machine learning-based fraud fighting technology from Feedzai.
  • Pindrop to mitigate call center fraud for credit union service organization PSCU.

Fintech-to-ECommerce

  • Saltrex to use Jumio’s Netverify Trusted-Identity-as-a-Service.
  • Featurespace to provide machine learning fraud and risk management solution to CashFlows.

February

Fintech-to-Tech

  • BioCatch brings continuous online and mobile authentication to Nuance Communications’ Security Suite solution.
  • Icon Solutions joins forces with Featurespace to bring anti-fraud protection to instant payments.

Fintech-to-FI

  • Affinity CU becomes “trusted sign-in” partner in SecureKey Concierge.
  • First national private bank of Turkey, Yapi Kredi to deploy Eyeprint ID from EyeVerify for mobile logins.

Fintech-to-ECommerce

  • Feedzai and Merchant Risk Council (MRC) team up to leverage AI and machine learning to fight fraud.
  • MoneyGram using Mobile Verify from Mitek to meet AML requirements.

January

Fintech-to-Tech

  • Arxan Technologies partners with Cisco as to protect connected medical devices.
  • WISeKey and Stratumn partner to provide enterprise-grade process security software based on blockchain technologies.
  • FICO and Ethoca partner to improve card acceptance rates, fight CNP fraud, and reduce disputes.

Fintech-to-FI

  • ACI Worldwide to provide fraud protection for Kuwait’s Shared Electronic Banking Services Company (KNET).
  • NetGuardians brings real-time fraud protection to Nigeria’s Keystone Bank.

 

Vera to Provide Data Security Services for GE

Data security specialist Vera announced a massive new client today. The California-based company will offer its data security services to help General Electric (GE) protect product designs, intellectual property, and proprietary data.

Specifically, Vera is responsible for helping GE automatically secure intellectual property and control how third parties use and access sensitive documents. Vera will also use its frictionless, scalable experience to help GE protect confidential data and email, prevent unwanted sharing, and dynamically revoke access to content when necessary.

Nasrin Rezai, VP and global CIO and product security officer at GE, described the company’s data as “critical” to its competitive advantage. Rezai explained, “When product designs and specifications are shared without continuous protection as part of our supply chain collaboration and technical processes, they’re susceptible to theft or illegitimate use in today’s digital economy. Vera addresses this problem because we know even when shared externally, these files are protected at the source.”

Ajay Arora, CEO and co-founder of Vera said it is an “honor” to help GE protect its intellectual property. Arora continued, “GE continues to be one of the most respected companies in the world making it an unbelievable privilege to win the support of one of the bedrocks of industry of the last two centuries. With GE fully embracing a data-centric approach to cybersecurity, we’ve entered a new and exciting era where the old paradigm of perimeter-based security is no longer the unquestioned norm.”

Vera’s CEO & Co-Founder, Ajay Arora and Sr. Director of Product Marketing,Grant Shirk demoing at FinovateSpring 2016

Founded in 2014, Vera showcased its security solution at FinovateSpring 2016. Since that time, the company has unveiled Vera for Mail, received $15 million in funding, and most recently received the CyberSecurity Breakthrough Award for Enterprise Encryption Solution of the Year. The company has raised a total of $50 million.

Finovate Alumni News

On Finovate.com

  • Stockpile Raises $30 Million to Boost Millennial Stock Ownership.
  • Vera to Provide Data Security Services for GE

Around the web

  • Meniga expands global footprint with new office opening in Poland
  • Mediterranean Bank Goes Live With Infosys Finacle Lending Solution
  • Revolut expands services with cell phone insurance in the U.K.
  • Entrust Datacard joins the Industrial Internet Consortium
  • NYMBUS Introduces Next-Generation Digital Platform For Internet And Mobile Banking
  • CardFlight partners with Dynamics Payments to help businesses affected by Hurricane Maria by waiving monthly and setup fees for SwipeSimple.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.

Finovate Alumni News

On Finovate.com

  • Mexican Payment Processor Chooses Fraud Fighting Technology from Featurespace.
  • Ripple Unveils Expanded Suite of Offerings

Around the web

  • BBVA announces record product sales through digital channels in June.
  • Tennis star Andy Murray revealed to be among 40,000 Revolut users pre-registered for the company’s crowdfunding initiative.
  • DefenseStorm hires Bob Thibodeaux as Chief Information Security Officer.
  • Modo Payments goes dark in Monday “Unnouncement.” Affirms plans to refocus on payments after hiatus.
  • Mashreq deploys Vipera for mobile wallet.
  • NICE inContact introduces CXone cloud customer experience platform.

This post will be updated throughout the day as news and developments emerge. You can also follow all the alumni news headlines on the Finovate Twitter account.