Intelligent CIO Middle East Issue 72 | Page 12


Cybereason and Taqnia Cyber partner to secure Saudi businesses and government agencies

Cybereason , an operation-centric attack protection solution vendor , has announced a partnership with Taqnia Cyber , the cybersecurity arm of Saudi Arabia ’ s government-owned technology investment company , Taqnia , to bring best-of-breed technologies and cybersecurity capabilities to large enterprises and defence , and government organisations across the Kingdom .

As part of the partnership , Taqnia Cyber , will act as both a reseller and systems integrator for the Cybereason extended detection and response ( XDR ), endpoint detection and response ( EDR ), and endpoint protection platform ( EPP ) solutions .
“ We stand as the Kingdom ’ s trusted advisor on technology matters , counseling entities that include military and defence organisations ,” said Dr . Zeyad Alkhalifa , CEO , Taqnia Cyber . “ We have invested more than SAR 50 million in the nation ’ s start-ups , but we also talk frequently to those that defend our borders and oversee our critical infrastructure .”
L – R : Tarek Kuzbari , Regional Director , Middle East and Turkey , Cybereason and Dr . Zeyad Alkhalifa , CEO , Taqnia Cyber
Tarek Kuzbari , Regional Director , Middle East and Turkey , Cybereason , said : “ Taqnia Cyber is Saudi Arabia ’ s established cybersecurity champion – a fueller of growth and sustainable development . Cybereason was among the first vendors in the region to deliver a viable endpoint protection platform and we look forward to helping joint customers end cyberattacks , reduce network risk and support defenders in protecting critical assets .”

Fintech Galaxy closes US $ 2 million seed funding for first MENA Open Finance platform

services with an open API infrastructure that provides integration between FinTechs and institutions . The platform will provide access to customer data from partner banks through its Open Banking APIs , while allowing developers to build new apps and services .

Fintech Galaxy , a UAE-based open innovation platform , has raised US $ 2 million in seed funding to further bolster the development and rollout of its Open Finance platform , as it looks to expand its reach and boost financial inclusion across key Middle

East and North Africa ( MENA ) markets .
The seed round was led by Jordan ’ s Ahli Fintech and joined by Raz Holding Group , OMQ Investments , Egypt ’ s EFG EV Fintech and INSEAD Saudi Angel Investors .
Fintech Galaxy is building an Open Finance platform , with a vision to redesign financial
Mirna Sleiman , Founder and CEO , Fintech Galaxy , said : “ Fintech Galaxy is driving the development of a much richer , broader financial technology ecosystem that goes well beyond banking to include insurance , asset management , exchanges and pensions . We have designed the platform in collaboration with institutions and regulatory bodies from multiple jurisdictions across the region . Our main goal is to democratise financial services by building a stable and secure infrastructure and enabling smooth and standard integration between financial institutions and solutions providers .”
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