In partnership with First Tech, a global technology company, Thales has announced it has helped venture, capital-backed financial service provider, SWAP, launch its modern digital payment infrastructure. With Thales’s cloud-based payment transaction security solution, SWAP will deliver financial infrastructure technologies faster and more effectively to its Banking-as-a-Service customers.
SWAP, a venture capital-backed financial service provider, was founded in 2018 to support FinTech and service providers in the adoption of financial technology in response to demand across all sectors – from marketplaces to ride-sharing – for more reliable transaction processing and expanded financial and payment services.
However, company expansion and customer satisfaction relied on in-built compliance with Payment Card Industry Data Standards (PCI DSS). As a start-up, SWAP wasn’t able to implement the entire technological infrastructure needed: a secure room would have slowed and complicated the launch process and SWAP needed to be able to provide accelerated, scalable, certified access to the market. First Tech and Thales’ solution grants SWAP the scalability and PCI certification it needs to grow as its customers do.
First Tech’s hosted payShield Hardware Security Module (HSM) offers SWAP a cloud-based service with HSM off-premises. Thales’ market-leading HSMs are highly scalable, providing the flexibility and agility needed to support SWAP in its future growth.
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