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Customers Bancorp
NYSE: CUBI
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At close at Sep 05, 20:35 UTC
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Customers Bancorp: PKWARE Partners with Atakama to Enhance Data Security Solutions

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Cashu
2 days ago
Cashu TLDR
  • PKWARE partners with Atakama to transition customers to PK Protect Encryption as Atakama's MFE reaches end-of-life in 2026.
  • The collaboration enhances encryption capabilities for customers, offering advanced features to improve data protection and compliance.
  • PKWARE aims for a seamless transition for Atakama users, emphasizing strong support and alignment with their data security needs.
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CUBI
Customers Bancorp
-3.76%

PKWARE Partners with Atakama to Enhance Data Security Solutions for Customers

In a significant development for data security, PKWARE has formed a strategic partnership with Atakama, focused on transitioning Atakama customers to PKWARE's PK Protect Encryption solution as their Atakama Multifactor Encryption (MFE) reaches its end-of-life in February 2026. This collaboration allows Atakama customers to seamlessly maintain their encryption capabilities, leveraging PKWARE's advanced platform while adding enhanced features that bolster data protection. PKWARE's offerings, which include Automated Data Discovery, Smart Data Classification, and Automated Redaction, are designed to mitigate breach risks and ensure compliance across various sectors.

The partnership not only aims to provide continuity for Atakama’s customers but also underscores PKWARE's long-standing commitment to delivering comprehensive and automated data security solutions. Tonya Cannady, President & Chief Revenue Officer at PKWARE, expresses enthusiasm about welcoming Atakama users, emphasizing the importance of a seamless transition for customers who rely on robust encryption services. The collaboration is positioned to enhance the overall security landscape, enabling organizations to protect sensitive data more effectively while adapting to evolving regulatory requirements.

Daniel H. Gallancy, Chief Executive Officer at Atakama, conveys confidence in PKWARE's ability to enhance the strengths of their MFE solution, assuring customers that they will benefit from additional features and improved support. As the transition nears, Atakama customers are encouraged to engage with PKWARE experts to navigate the process and explore how the PK Protect solution aligns with their data security needs. This partnership marks a pivotal moment for both companies, promoting a more secure data environment for businesses that depend on encryption technologies.

In related news, Kevin O'Leary, the prominent investor from "Shark Tank," highlights the critical importance of customer focus for CEOs navigating today's competitive landscape. He stresses that adapting to customer feedback is essential for innovation and growth, particularly as businesses face market volatility and shifting consumer preferences. O'Leary's insights serve as a timely reminder for leaders to prioritize customer relationships to maintain their relevance and market share.

Additionally, Revolut has announced an expansion of its partnership with Google Cloud, aiming to scale its customer base from over 60 million to more than 100 million. This collaboration emphasizes the significance of utilizing advanced cloud infrastructure to enhance performance and offer tailored financial products, showcasing the ongoing evolution of customer-centric strategies in the fintech industry.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

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