News:

V-Key Partners with Ant Financial To Secure Mobile Payments

Singapore/Hangzhou, China, 14 November, 2016 – V-Key, a global leader in digital security, and Ant Financial Services Group, the leading global tech company that provides online and mobile financial solutions, have entered into a collaboration. Under the partnership, V-Key will provide a virtual software solution called V-OS for Ant Financial to help secure transactions on AliExpress, one of Alibaba Group’s international retail e-commerce platforms. (Ant Financial is a related company of Alibaba Group). V-Key will also provide cryptographic services and trusted environments to help secure payments processed by Alipay on AliExpress, along with risk management for each transaction.

V-OS, which is currently deployed by top banks, mobile payment providers, and governments globally, is the world’s first virtual secure element. With V-OS, card and cardholder data will be encrypted, providing for more secure user authentication. V-Key’s solutions allow businesses to roll out cloud-based payments, trusted digital identity and authentication necessary for mobile banking and other secured mobile applications. V-Key brings advanced user data protection to its partners, without the need to use any form of hardware secure elements, which can be less secure. Its mobile security solution works on both iOS and Android devices.

Speaking on the pressing need for V-Key’s fast-growth, as well as its mission to work with its partners to secure mobile transactions against fraudulent activities, Benjamin Mah, co-founder and Chief Executive Officer of V-Key said: “With the rapid uptake in mobile payments, e-commerce threats are becoming smarter, bigger, more sophisticated. They pose a threat not just to end-users, but also to the reputation of our partners. To stay ahead, V-Key has invested considerable time and effort to build the world’s leading virtual mobile cybersecurity suite of solutions. With our all-in-one virtual element V-OS, we look to future proof mobile wallets against advanced threats by protecting end-user information. In doing so, we look to create a safer transaction environment for our fast-growing number of partners.”

V-Key’s solutions are certified by leading industry bodies including FIPS 140-2 (USA) and Info-communications Media Development Authority of Singapore. It has been rigorously stress tested by the likes of global analysts, e-commerce players, government agencies and regulatory bodies globally, including Ant Financial, Core Security Technologies, UL Transaction Security, MWR InfoSecurity, Quarkslab, Upyun, Vantage Point Security, Resolvo Systems among others.

Jason Lu, Vice President of Fraud Risk Management at Ant Financial, said,”As more users opt for mobile payments, account safety assumes utmost importance. V-Key’s unique technology helps us deploy our risk engine to enhance mobile security. The partnership is part of our commitment to secure our services. In the process, we are enabling more and more businesses and partners to expand their global market reach.”

V-Key was founded in 2011, and has services in Singapore – where it is headquartered – as well as key markets across Asia-Pacific and the US. Through its partners, including Ant Financial as well as some of the leading banking and financial institutions and government agencies, it has already amassed over 30 million end-users.

 

About V-Key

V-Key is a global leader in software based digital security. V-Key’s pioneering technology, certified and in use by payment gateways and major banks, is a global reference point for mobile digital authentication, verification and threat protection in software. With V-Key, digital business leaders can continue to improve the online customer experience whilst enhancing security and privacy, using advanced cryptographic software that complies with standards previously reserved for expensive hardware solutions.

We enable businesses to roll out cloud-based payments, trusted authentication for mobile banking, and other secured mobile applications for user access, identity and data protection all without the need to use any form of hardware secure element. We do this with our patented cryptographic solution V-OS, which is the world’s first virtual secure element.

V-Key’s solutions are certified by leading industry bodies including FIPS 140-2 (USA), and Info-communications Media Development Authority of Singapore. V-OS has been the subject of multiple rigorous penetration tests and has been stress tested by e-commerce players, government agencies, regulatory bodies and financial services companies including Ant Financial Services Group.

V-Key was founded in 2011 and is headquartered in Singapore. Visit our website www.v-key.com or follow us on Twitter @vkey_inc for more information.

About Ant Financial

Ant Financial Services Group is focused on serving small and micro enterprises as well as individuals. With the vision “to bring small and beautiful changes to the world,” Ant Financial is dedicated to building an open ecosystem of Internet thinking and technologies while working with other financial institutions to support the future financial needs of society. Businesses operated by Ant Financial Services Group include Alipay, Ant Fortune, Zhima Credit and MYbank.

For more information, please visit our website at www.ant-financial.com, or follow us on Twitter @AntFinancial.

Other news:
News
The Straits Times and Statista recognises V-Key as Singapore’s 3rd Fastest Growing Company

V-Key, a leading provider of internationally-acclaimed digital security solutions, was named as one of the top 3 firms in the inaugural “Fastest Growing Companies in Singapore” conducted by The Straits Times and Statista.

News
Razer Pay and V-Key announce strategic partnership to boost digital security

Razer Pay and V-Key inked a Memorandum of Understanding (MOU) to foster strategic collaboration over digital identity and e-payments.

News
Paidy selects V-Key to secure its App-based instant post-pay credit service for Japanese Consumers

As Paidy, a Japanese payments company providing instant post-pay credit service expands their payment offerings and merchant touchpoints, they recognized the need for a fast and seamless payment experience. V-Key’s pioneering mobile security technology gives the Paidy team the confidence that they are future-proofing their mobile strategy and ensuring the integrity of their consumers’ data.

News
Joint technologies of LiveBank’s virtual branch and V-Key’s security and biometrics, to hit the banking industry

A partnership agreement just signed between V-Key, with its patented Virtual Secure Element, and Ailleron, the owner of LiveBank, which offers cutting-edge technologies, will bring a new dimension to digital bank onboarding worldwide.

News
Assurity Partners V-Key For New Mobile Software Authentication Solution

V-Key partners Assurity to bring convenience to security

News
The Nilson Report: Software “Chip” to secure mobile payment
News
Singapore takes bold strides in Fintech journey

Boosting collaboration will help build vibrant ecosystem where innovation will drive economy

News
Building a pipeline of talent through Partnerships

Continuous partnerships with institutes of higher learning give V-Key Pte Ltd easy access to talent for future growth

News
V-Key receives Accreditation boost from IDA

Mobile security company V-Key is among the first few innovative tech product companies to receive accreditation from IDA.

 

News
Mobile Security a growing market

Security companies are trying to keep pace with the rapid evolution of mobile devices. Recent incidents of cyber attacks and breaches have raised awareness of the need to enhance security. Industry players have said this presents an opportunity for them to step up and offer solutions.

 

News
What is the key to building a Fort Knox for the Mobile Payment space?

Benjamin Mah, Co-founder and CEO of mobile security startup V-Key, believes that virtualising robust physical security systems is the answer.

 

News
V-Key Mobile Security solutions accredited by Singapore Government

V-Key, pioneer and inventor of mobile Virtual Secure Element has been accredited by the Infocomm Development Authority of Singapore (IDA) under the Accreditation@IDA programme, certifying V-Key’s V-OS Virtual Secure Element and V-Guard Mobile Application Protection solutions.

 

News
ChinaPnR and V-Key Strategic Alliance: Securing more than One million merchants in China

Leading financial payment provider China Payment and Remittance Service Co., Ltd. (“ChinaPnR”) formed a strategic partnership with international pioneer in mobile security and cryptographic technology, V-Key Inc. (“V-Key”).

 

News
V-Key receives US$12M in Series B Funding from Ant Financial Services group investment

Ant Financial Services Group (Ant Financial), operating company of Alipay, and existing investor venture capital firm, IPV Capital, make a USD12 million Series B investment for a minority stake in V-Key.

News
V-Key Inc selected as Innotribe Startup Finalist

V-Key selected as a finalist at the SWIFT Innotribe Startup Challenge Regional Showcase to compete at Sibos 2013 in Dubai.

 

News
V-Key’s executive team expands with addition of cybersecurity veteran Tony Chew as Chief Security Architect

V-Key, a global leader in software-based digital security, today announced the appointment of Tony Chew to the position of Chief Security Architect.  Tony will spearhead V-Key’s engagement with banking regulators and financial institutions in Asia.

 

News
V-Key secures US$4 Million Series A Funding from IPV Capital

V-Key Inc. secures Series A funding of US$4 million from IPV Capital, a leading early growth venture capital fund based in China with global offices in Shanghai, Beijing and Silicon Valley.