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Westpac launches data storage and banking platform

Monday 29 August 2016 09:57 CET | News

Westpac has teamed up with Data Republic to offer secure data storage services through a new platform associated with its equity stake.

The service will offer Data Republic customers secure identity data management, with the information stored in a bank-grade secure environment within Westpacs infrastructure and network.

The bank said it would not analyse or exchange data, with the platform intended to give other organisations a secure place to store their data.

Data Republic and Databank will handle data sharing separately. Identity data will be managed by the Westpac service where Data Republic will deal with client transaction data.


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Keywords: online fraud, online security, cyber security, fraud prevention, digital identity, data storage, banking, Westpac
Categories: Fraud & Financial Crime
Companies:
Countries: World
This article is part of category

Fraud & Financial Crime