Leverate, a , announced today that it has partnered with (LPS), a data protection provider, to provide its clients with a technology solution that offers a high level of security.
The LPS system, which is powered by Payneteasy, is designed to protect leads and sensitive data. This is achieved by securing all communication channels using PCI DSS security practices, encryption and tokenization methodology. Under the new partnership, Leverate will integrate the LPS system with the back-office solutions it offers to brokerages. The first brokerage to utilise the LPS system is Leverate’s LFS (Leverate Financial Services).
Source: LinkedIn
Protecting client information
For brokers in online forex, one of the most valuable assets they have is their databases. As a result, hackers, ransomware and even employees of the broker can seek to compromise their database. (GDPR) in the European Union (EU) also demands that brokers adhere to strict standards in order to protect client information.
Because of this, brokers need to ensure that they have all the necessary measures in place to protect their clients’ information. With LPS, sensitive data from Leverate’s traders will be passed through their own private Amazon cloud which is securely encrypted. By doing this, only traders have access to their data and even LPS vendors cannot access the information, the statement said.
Speaking to Finance Magnates, Pantelis Christou, General Manager of Leverate Financial Services, said: “The LPS system is the most suitable solution we’ve seen in terms of protecting our traders’ data and fully addressing the new GDPR demands.”
Source: LinkedIn
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