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Securing Fintech Apps Becoming a Top Concern

New research shows more than one-third of FIs do not test third-party fintech apps for security flaws.

fintech security concerns Source: Shutterstock.

Synopsys Cybersecurity Research Center’s “The State of Software Security in the Financial Services Industry” report revealed FSI organizations test only about 34% of all financial technology in use for cybersecurity vulnerabilities.

The Mountain View, Calif.-based Synopsys, which helps development teams build secure, high-quality software, announced a partnership establishing an application security validation program for FusionFabric.cloud, the U.K.-based fintech provider Finastra’s open platform for developing, deploying and consuming financial applications. The program aims to ensure all applications offered via the FusionFabric.cloud FusionStore have passed thorough vigorous security testing assessments.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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