Banking Fintech Investment Services News

Trustgrid Now Serves 20% of Community Banks and Credit Unions

Trustgrid Now Serves 20% of Community Banks and Credit Unions

Trustgrid, a pioneer and leader in secure, cloud-native software-defined connectivity, announced the company has achieved a notable milestone in its quest to provide advanced networking capabilities to banks and credit unions. The connectivity platform now extends to 1 in 5 banks and credit unions in the United States.

Read More: Curioinvest Launches Capital Dex, the Decentralized Exchange Primarily For Security Tokens

With more than 2,000 connections deployed in financial institutions of all sizes, Trustgrid now provides the connectivity to more than 35 million Americans as they transfer funds, check balances, and pay bills.

Trustgrid’s Zero Trust networking platform integrates the best elements of software-defined wide area network (SD-WAN), remote access, and edge computing technologies; to manage Zero Trust network access (ZTNA) between any application, system or end user. As a platform with strong penetration into the fintech sector, Trustgrid now enables almost $4 trillion in banking transactions to flow over its next generation SD-WAN connections.

Read More: GlobalFintechSeries Interview with Joe Ehrhardt, CEO & Founder at Teslar Software

As a replacement to VPN and MPLS connectivity, the solution is built to meet or exceed FFIEC standards and undergoes annual SOC 2 Type II security audits. Provided as a subscription-based service the software ensures that all data passing over the connections is encrypted and private without the need for expensive proprietary hardware appliances. Network operations are streamlined via over-the-air updates and centralized support functions, while auditable logs of all sessions are maintained within the platform to ease compliance reporting.

“While the platform has served a variety of industries the need for financial services to maintain high availability without sacrificing security or compliance requirements has led to broad adoption in that sector,” said Joe Gleinser, Chief Product Officer of Trustgrid. “Our ability to save customers both time and money while providing future proof extensibility of the network gives the platform a significant advantage when compared to legacy networking solutions.”

Read More:  Why Application-Layer Security Is The Future Of Fintech

Related posts

Dover Federal Credit Union Launches Real-Time P2P Payments with Payrailz

Fintech News Desk

Bend by FNBO Announces First Credit Card Partner, Greenlight

Fintech News Desk

Barclays named ‘World’s Best Bank for Markets’

Fintech News Desk