Entersekt, a leading South African-based mobile banking and digital security company, has announced its acquisition of Modirum – a global expert in digital payment security solutions. This strategic move reinforces Entersekt’s commitment to delivering innovative and secure digital identity technology to its clients across the globe.

Entersekt has established itself as a prominent player in the digital security industry, providing cutting-edge solutions to financial institutions, fintech companies, and merchants worldwide. Their advanced authentication and secure communication technology help protect millions of digital banking and payment transactions daily.

The acquisition of Modirum further enhances Entersekt’s position in the market, expanding its service offering and extending its reach into new territories. Modirum’s extensive experience in digital payment security, tokenization, and encryption solutions perfectly complements Entersekt’s existing capabilities, strengthening their competitive edge.

“The acquisition of Modirum aligns with our long-term strategy to be a dominant global player in digital banking security. Modirum’s expertise and innovative technology will allow us to accelerate our growth and better serve our clients in an ever-evolving digital landscape,” said Schalk Nolte, CEO of Entersekt.

This acquisition will enable Entersekt to provide enhanced payment security, including 3-D Secure (3DS) authentication and card-not-present transaction security, enabling frictionless yet highly secure digital payment experiences across multiple channels.

Both companies share a common vision of empowering financial institutions to deliver a seamless and secure customer experience through cutting-edge technologies. With this alliance, Entersekt and Modirum aim to become a significant force in the global digital security market.

Entersekt’s global reach combined with Modirum’s expertise will enable the companies to develop new and innovative solutions to combat emerging threats in the digital space. By leveraging their collective knowledge and resources, Entersekt and Modirum can drive forward the adoption of advanced security standards and continually evolve to stay ahead of cybercriminals.

This acquisition marks a significant milestone in Entersekt’s growth journey as it expands its portfolio of security offerings to safeguard digital identities and transactions. As the digital landscape evolves, Entersekt remains at the forefront, ensuring the highest levels of security for its clients, and empowering consumers to transact confidently in the digital age.

To learn more about Entersekt and its suite of digital banking security solutions, visit their official website Entersekt.com.

Disclaimer: This article is for informational purposes only. Please consult with a financial advisor or professional before making any investment decisions.