Security start-up launches in Singapore, takes aim at digital banking

Security start-up launches in Singapore, takes aim at digital banking

Start-up develops next-generation secure mobile solutions

Credit: Dreamstime

Airome Technologies has launched in Singapore amid plans to introduce cyber security solutions for digital banking.

Confirming the city-state as global headquarters, the developer also unveiled plans to expand market presence across the wider Southeast Asia region, starting with Indonesia and Malaysia.

Founded in 2019, the start-up specialises in the development of next-generation secure mobile solutions for remote banking services and e-document management systems.

“The Southeast Asia region is the next frontier in innovation; taking rapid strides in digital transformation over recent years,” said Denis Kalemberg, co-founder and CEO of Airome Technology.

“The Lion City’s status as an investment-friendly destination, the transparent nature of the country’s business and legal regulations and a favourable tax environment acts as a springboard to help us pursue regional business opportunities across the region.

“The financial services sector in Singapore is undergoing rapid changes with the much-anticipated call by the Monetary Authority of Singapore for applications for digital bank licenses.”

The business also announced general availability of PayConfirm in Singapore, an authentication solution designed to provide secure confirmation of transactions in digital banking and e-document management systems on mobile devices.

The solution uses cryptographic methods, while the partner modules also possess device scoring and techniques such as biometry to ensure security.

“We believe that the entry into Singapore is timely and will provide us a gateway for market expansion and further business development in Southeast Asia, as the solution is already known globally and implemented in more than 60 banks,” Kalemberg added.

According to Kalemberg, the start-up's technology has already been adopted by 60 banks around the world.

Tags bankingAirome Technologies


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