Australian company TrustDefender has identified significant opportunities in the financial sectors of New York and London.
Corporations and financial institutions in New York and London are struggling to meet the wide range of corporate governance and compliance guidelines that are placed on them by regulatory authorities and governments, said TrustDefender. These include Anti-Money Laundering and Counter Terrorism Financing (KYC) legislation, Sarbanes Oxley, Basel II and FFIEC guidelines.
"This is a very significant worldwide issue and one that is exacerbated by the rapidly growing instances of online crime. There is a very real and urgent need for stronger security techniques that extend to mobile computing devices in order to reduce online fraud and to restore customer confidence in online transactions," commented TrustDefender CEO, Ted Egan.
"We have since been invited to contribute to the financial services technology consortium which will enable us to stay at the forefront of the industry," Egan said.