Bahrain, 3rd August 2023: Infinios Financial Services B.S.C. (c), (IFS) a prominent payment solutions provider and FinTech enabler in the MEA region, has earned the Payment Card Industry Data Security Standards (PCI DSS v4.0) certification from Risk Associates W.L.L, the leading Qualified Security Assessor and provider of PCI-validated solutions in the Middle East. This certification solidifies IFS’s steadfast commitment to maintaining the high standards of security for its customers’ data and underscores its reputation for delivering trusted technology and payment solutions across the financial sector, enabling seamless transactions across diverse payment channels worldwide.
PCI DSS compliance standards entail rigorous requirements, compelling organizations to implement a multitude of controls aimed at minimizing payment security risks. IFS’s attainment of this latest certification exemplifies the company’s continuous pursuit of innovative and secure payment solutions, always prioritizing the best interests of its partners and customers on a global scale.
About Infinios:
Formed in 2014, Infinios Financial Services B.S.C(c) is licensed and regulated by the Central Bank of Bahrain (CBB) as an Ancillary Services Provider: Payment Services Provider and Card Processor. Infinios operates the Infinite Financial Solutions platform, complies with multiple security and business process standards, and works with leading names in the technology and fintech industries. Its vision and mission is to help digital businesses to thrive and their customers to prosper by enabling the growth of digital commerce and superior digital financial services experiences using innovative, robust and compliant technology solutions. Infinios is a nDigital company. For further details please visit https://www.infinios.com and https://nDigitalventures.com.
About Risk Associates:
Risk Associates W.L.L stands as one of the global leaders as recognized by the Payment Card Industry Security Standards Council, and Specialists firm in the region, leveraging its expertise to enhance payment security for organizations. Serving as an authorized assessor for various payments standards and holding designations as a PCI QSA, PCI ASV, PA-QSA, P2PE-QSA, PCI PIN, PCI 3DS and PCI SSF.
The partnership will deliver a Digital First Card Platform, created using cutting-edge Fintech solutions.
Bahrain, 10 July 2023: FOO, an award-winning B2B fintech solutions provider headquartered in the UAE, has partnered with the Bahrain-based payment services provider and card processor, Infinios Financial Services B.S.C (C). By combining their technology and expertise, the two market-leading companies will deliver an out-of-the-box Digital First Card Issuance Platform.
The Digital First Card Platform is designed to enhance digital offerings for businesses across industries, ultimately improving the end user’s customer experience. The platform works by delivering instant, easy-to-use virtual and physical cards which can be used for e-commerce transactions or app payments.
This partnership between FOO and Infinios will enable businesses to adapt to the market and meet consumer demands for secure and convenient payment solutions. With this, financial institutions, telecommunications companies, and retailers can now embrace the power of fintech to provide their customers with a seamless purchasing experience. The full-fledged Digital First Card Platform includes smooth onboarding, instant digital card issuance, real-time card management, and secure online and in-store payments.
Ghady Rayess, Managing Partner at FOO, comments: “In a world where technology and innovation thrive, consumers worldwide have elevated their expectations, demanding seamless experiences across all touchpoints in their daily lives. With this partnership, we will accelerate the pace of digital advancement by empowering our clients to create feature-rich customer financial services, through scalable solutions.“
FOO specializes in developing solutions in-house using a modular platform consisting of micro-services, to provide highly personalized products that empower digital transformation. Infinios, through its integrated processing technologies, regulatory licenses, and payment network memberships, provides banking-as-a-service enabling Fintechs, brands and digital platforms to embed financial services into their own products leveraging Infinios’ API’s. Together, the two companies will deliver a complete turnkey solution encompassing all the necessary elements to enable virtual card issuance services within any industry. The integration process is made simple through easy-to-integrate APIs, allowing for an exceptionally swift time-to-market.
Andrew Sims, Co-founder and CEO at Infinios, added: “This strategic alliance represents a continuation of our strategy to enable fintech companies to rapidly develop their own digital financial services products leveraging our banking-as-a-service. The partnership approach leverages our combined strengths to deliver innovative solutions and address new opportunities, marking exciting times for our existing and potential clients, and the industry as a whole.”
About FOO
FOO is an award-winning, B2B SAAS solution provider, headquartered in the UAE, that specializes in empowering businesses through digital transformation. FOO provides innovative fintech solutions, built entirely in-house, that optimize digital capabilities for clients across diverse industries and enable them to deliver an unparalleled user experience.
FOO works with banks, fintech companies and key retailers across the MENA region, Africa, Europe and USA, including Mastercard, Visa, Benefit, Zain Group, PwC and MAF. FOO’s innovative platform is modular, built on digital micro-services that can be assembled to meet the specific requirements of each client. This approach, coupled with extensive regional experience, enables FOO to create super personalized digital products with a fast time to market. FOO’s key products include solutions for remittances, digital wallets, tokenized transactions, fully automated micro-lending and BNPL.
About Infinios
Formed in 2014, Infinios Financial Services B.S.C(c) is licensed and regulated by the Central Bank of Bahrain (CBB) as an Ancillary Services Provider: Payment Services Provider and Card Processor. Infinios operates the Infinite Financial Solutions platform, complies with multiple security and business process standards, and works with leading names in the technology and fintech industries. Its vision and mission is to help digital businesses to thrive and their customers to prosper by enabling the growth of digital commerce and superior digital financial services experiences using innovative, robust and compliant technology solutions. Infinios is a nDigital company. For further details please visit https://www.infinios.com and https://nDigitalventures.com
Manama, Bahrain; July 03, 2023 – Secureworks, a leading global cybersecurity company and Infinios Financial Services B.S.C. (c) (Infinios), a card processor and payment services provider licensed and regulated by the Central Bank of Bahrain, announce a strategic partnership to support the growing fintech ecosystem.
The partnership aligns with Secureworks vision to provide innovative and effective solutions to protect their clients’ digital assets and data, as well as Infinios’ goals to continuously strengthen their cybersecurity position and build upon their existing standards. As a leading player in the FinTech industry, Infinios recognises the increasing risks of cybercrime and the need to embrace cybersecurity solutions that can outpace ever-evolving adversaries.
To enhance their cybersecurity capabilities, Infinios sought to implement the latest unified threat detection and response solutions, ensuring along the way that the organization was continuing to adopt leading cybersecurity solutions that support business growth.
Specifically, they aimed to improve visibility across their infrastructure, streamline alerts and investigations, and optimise their detection capabilities. In addition, they wanted a solution that could seamlessly integrate with their advanced infrastructure.
The collaboration with Secureworks® Taegis™ ManagedXDR has provided a comprehensive and cohesive approach to addressing Infinios’ demanding cybersecurity needs. The platform’s agent provided EDR for endpoint, firewalls, network, AWS integrations, Azure, and Office365. This gave Infinios complete visibility across their cloud infrastructure. Infinios is one of very few processors or payment service providers regionally that have fully migrated their platform to the cloud.
In addition, Taegis ManagedXDR facilitated easier integrations with other systems using XDR GraphQL APIs. This allowed Infinios to create their own custom integrations, further enhancing their cybersecurity capabilities.
Taegis ManagedXDR also enabled collaborative investigations, allowing Infinios’ teams to analyze events, share notes, and track the status of alerts. The platform’s advanced threat intelligence and data science capabilities have helped to further optimise Infinios’ detection capabilities.
Finally, Taegis ManagedXDR simplified alerts and enabled faster responses, allowing internal teams to quickly understand the scope of alerts across multiple entities and answer questions about risks based on the MITRE ATT&CK framework.
Overall, Secureworks Taegis ManagedXDR provided Infinios with the industry leading cybersecurity enhancements they required to help support their growing financial services business, now and into the future.
Secureworks always embraces the opportunity to help growing organizations secure their infrastructure more efficiently and effectively, both for the challenges and threats of today and for whatever comes tomorrow,” said Gopan Sivasankaran, Secureworks EMEA Director of Sales. “Secureworks serves many customers in Bahrain and it’s an honor to add Infinios to that prestigious list of logos. Infinios is uniquely positioned for continued growth, and that means they need leading solutions that will defend against and respond to threats across their entire infrastructure. We’re proud of be able to provide that.”
Mohsen Badrani, CISO at Infinios, said “Infinios is committed to providing flexible and secure digital financial services and this requires placing the security of our platform and customer data at the front and centre of our technical strategy. Partnering with Secureworks and implementing their Taegis ManagedXDR platform, is one of the proactive steps we are taking to enhance our cybersecurity capabilities and ensure better protection against cyber threats.”
About Infinios:
Formed in 2014, Infinios Financial Services B.S.C(c) (previously known as NEC Payments B.S.C.(c)) is licensed and regulated by the Central Bank of Bahrain (CBB) as an Ancillary Services Provider, Payment Services Provider, and Card Processor. Infinios operate the Infinite Financial Solutions platform, complying with multiple security and business process standards, and working with leading names in the technology and Fintech industries. Its vision is to help digital businesses to thrive and their customers to prosper, and its mission is to enable the growth of digital commerce and the development of superior digital financial services experiences through the provision of innovative, robust and compliant technology solutions. Infinios is a nDigital company. For further details please visit https://www.infinios.com and https://nDigitalventures.com
