Interswitch, a key player in Africa’s integrated payment and digital commerce landscape, has partnered with Thales, a leader in digital and data security solutions, to introduce the CipherTrust Data Security Solution. This innovative platform is tailored to shield organizations from data breaches and various security threats.
The official launch occurred at a recent Customer Engagement Forum held at The Wheatbaker Hotel in Lagos. This event drew a significant audience, including Chief Information Security Officers (CISOs), Chief Information Officers (CIOs), and executives from compliance and risk management across multiple sectors, encompassing commercial banks, microfinance institutions, and fintech companies.
The summit provided a platform for extensive discussions and presentations led by industry experts, who addressed current trends in data security, the specific threats facing businesses—especially within the financial realm—and effective mitigation strategies. The discussions highlighted the essential role that robust data security measures play in protecting organizations.
In his keynote address, Tyoyila Aga, Vice President of Financial Services at Interswitch Group, emphasized the urgent need for organizations to adopt cutting-edge technology for data protection and called for enhanced compliance and collaboration within the data security sphere.
Aga remarked, “Our partnership with Thales underscores our commitment to harnessing advanced technology to safeguard our clients and partners. As regulatory frameworks around data security continue to tighten, organizations need to be proactive in ensuring full compliance to avoid penalties and safeguard their reputations. The CipherTrust Data Security platform is directly designed to meet these challenges, offering comprehensive compliance features that facilitate adherence to both local and international regulations. It’s crucial to understand that data security is a shared responsibility that requires cooperation across industries, sectors, and borders.”
He went on to explain that this data security solution uniquely combines Interswitch’s expertise in payment systems with Thales’ advanced security capabilities, providing unparalleled protection for sensitive information. “This platform equips organizations with a comprehensive toolset, including advanced encryption, key management, and access controls, ensuring the security of sensitive data across all environments—be it on-premises, in the cloud, or in a hybrid configuration,” he added.
