Datarisk Canada Launches FintechSecurity.ca in Response to the Push for Open Banking Standards & Compliance

Datarisk Canada Launches FintechSecurity.ca
in Response to the Push for Open Banking Standards & Compliance

Helping to Grow and Secure the Innovative Open Banking Sector in Canada

Toronto, Canada, February 15, 2024 – In the midst of the new open banking trend within the fintech industry, Datarisk Canada, a proud member of the Informatica Group of Companies, announces the launch of fintechsecurity.ca, a comprehensive risk management platform dedicated to fortifying the cybersecurity landscape in the F.I. space.

With the recent surge in open banking initiatives, the burgeoning fintech sector is witnessing unprecedented growth. However, this rapid expansion poses significant risks, including the potential for data breaches, unauthorized access, and compromised cybersecurity. Recognizing these challenges, Datarisk Canada has introduced fintechsecurity.ca, a specialized resource to empower Canadian fintech and mitigate the risks associated with open banking.

“The financial sector must never tolerate any cybersecurity compromises when it comes to the adoption of open banking. This is why we are here to standardize, enable and empower Canadian fintech for a resilient future,” said Claudiu Popa, President of Datarisk Canada.

Drawing upon over 30 years of experience, Datarisk Canada and its parent organization, the Informatica Group of Companies, have played an important role in serving the financial industry through clients in the banking, insurance, lending, ecommerce and other innovative fintech organizations. The launch of fintechsecurity.ca is a testament to their commitment to maintaining the highest standards of security.

Datarisk Canada recognizes common challenges faced by fintech organizations, including inadequate secure development practices, deficient data protection controls, unnecessary access privileges, and lack of robust data retention practices. This new site is poised to address these challenges head-on, providing tailored solutions to fortify cybersecurity defenses, by providing a wide range of customizable solutions under three key pillars: Consulting, Audit, and Training.

As Canadian fintech ventures continue to embrace open banking, fintechsecurity.ca stands as a beacon of security, ensuring that innovation goes hand-in-hand with robust cybersecurity practices.

Financial institutions, fintech innovators and trusted advisors are invited to visit www.fintechsecurity.ca and engage with a certified Cybersecurity Risk Advisor to discuss the compelling advantages of Datarisk’s exclusive Verify™ Fintech Risk Assessment and its unique audit attestation, our advisory services, and cybersecurity awareness that provides critical knowledge to effectively train all staff, executive management and the entire supply chain.