South African Mobile Security Solutions Firm Wins Security Tech Award

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Written by Peter Pedroncelli

South African mobile security solutions company, Entersekt, has won the Best Mobile Security Technology award in the annual Banker Africa Southern Africa Banking Awards.

Entersekt has won the mobile security technology award for the third consecutive year, according to ITNewsAfrica.

The South African fintech company develops push-based authentication and app security technology to protect clients in numerous industries, with banks in particular appreciating Entersekt’s products, including a platform called Transakt, which enables a one-touch user experience.

Another of the company’s innovative products is Connekt, which was launched earlier this month at Seamless Africa 2018 in Cape Town, according to Verdict.

The product allows financial institutions to enable new mobile payment services within their existing banking apps.

Current South African and international clients include Absa, Nedbank, Capitec, Investec, Swisscard, Equity Bank, Ecobank, Pluscard and First Bank of Colorado, TechCentral reports.

Mobile security excellence

The annual Banker Africa Southern Africa Banking Awards are open to all banks and financial institutions in Africa, with a view to promoting excellence and competition while setting new standards in the industry in quality of service, best practice, and financial performance.

Entersekt CEO Schalk Nolte expressed his delight at the company being recognized within the fintech and financial space.

“Mobile security and authentication evolves on a daily basis, and in order to keep pace, it is vital that we are able to provide our customers with state of the art technologies for their end users – no small feat considering how rapidly new payments services emerge, and how swiftly consumer expectations change,” Nolte said, according to IT-Online.

“To be recognised as a leader in this space is testament to the innovative Entersekt team who work tirelessly to develop new products that keep pace with the dramatic changes in consumer behaviour, new technology, and the fast-evolving regulatory environment that continues to pose a challenge,” he added.

In September last year Silicon Valley-based investment firm Endeavor Catalyst backed the South African authentication and app security company through a funding round which was a first for Endeavor Catalyst in South Africa, according to BusinessTech.

Launched in 2012, Endeavor Catalyst is the co-investment fund of Endeavor. It was set up to invest exclusively in Endeavor Entrepreneur-led companies and has raised more than $100 million in philanthropically donated and invested capital, according to an Endeavor press release.