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Binary Defense Announces New Leadership Appointments to Accelerate Growth and Strategic Initiatives in 2025

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The analyst-recognized MDR leader announced an expanded leadership team, critical security innovations, advanced research and new industry alliances in 2024.

CLEVELAND, Feb. 4, 2025 /PRNewswire-PRWeb/ — Binary Defense, the trusted Managed Detection and Response (MDR) and enterprise defense provider, is positioned for exceptional growth in 2025, fueled by strategic leadership appointments and the enhanced capabilities of its innovative product offerings. Despite industry challenges in 2024, the company’s strong executive team, customer commitment and award-winning threat detection capabilities delivered record achievements in sales, strategic alliances, and research and development.

Binary Defense delivers robust protection through early detection and remediation of advanced threats. Poised for significant growth in 2025, the company is set to unveil major updates to its MDR platform in the coming months.

Demand for Binary Defense’s core services — including MDR, threat hunting, phishing response and digital risk protection — has surged as corporate security teams face escalating threats from ransomware-as-a-service (RaaS) campaigns, AI-driven social engineering, supply chain attacks and geopolitically motivated actors.

As part of the continued success and growth at Binary Defense, significant investments continue to be made in the areas of executive leadership, threat research and threat hunting teams, and new security technologies for early detection and remediation.

“Binary Defense has achieved remarkable success over the last year, driven by our cutting-edge capabilities and unwavering commitment to customer success,” said David Kennedy, Co-Founder and Chief Hacking Officer of Binary Defense. “During this time, the company launched several critical security innovations, including AI-powered threat detection and managed deception. With the momentum we’ve built in 2024, we are prepared to tackle this dynamic cyber threat ecosystem head-on and empower our clients with even stronger defenses in 2025.”

Expanded Leadership Team

A top-notch leadership team has been key to Binary Defense’s strong momentum. Over the past year, the company boosted its executive ranks with several strategic appointments, including:

Kris Wayman, Field CTO: For over a decade, Kris has led critical efforts in threat hunting, attack prevention and tackling complex security challenges, along with key roles at managed and cloud service providers. At Binary Defense, he leverages his expertise to understand customers’ unique security needs and deliver tailored solutions to protect their critical assets.

Moe Askar, Senior Vice President of Channel and Alliances: With extensive expertise in cybersecurity and strategic partnerships from his time as Vice President at Sophos, Moe is focused on positioning Binary Defense as the go-to partner for tackling complex cybersecurity challenges.

Nick Sorenson, Vice President of Marketing: A seasoned cybersecurity marketing leader with 15 years of industry experience, Nick has guided the go-to-market strategies and brand building for multiple pure-play MDR providers. In his new role, he is driving efforts to amplify Binary Defense’s market presence and influence.

This strategic expansion underscores Binary Defense’s commitment to strengthening its leadership and market presence. OJ Cherry, Chief Sales Officer, emphasized the significance of these additions: “I’m seriously pumped to welcome this incredible crew to Binary Defense! This is a huge moment for us, and these leaders are exactly who we need to share the Binary Defense story. All three have amazing experience and talent but most importantly they are truly good people who care. They care about the message, the Channel and our customers. Big moves ahead, and this is just the beginning!”

Product & Research Milestones

Binary Defense introduced a suite of innovative product updates and advanced capabilities, specifically engineered to counter the latest and most pressing cyber threats targeting business networks.

“Binary Defense has always been known for having strong technical capabilities and success stopping adversaries. Now customers also have the benefit of seamless integration with Binary Defense Platform as part of the service, with the added protection of the BDVision Agent that stops attacks where other technologies fall short,” said Jason Vest, Chief Technology Officer. The company enhanced BDVision, its cutting-edge MDR Agent, with AI-driven threat detection, managed deception and EDR bypass detection. BD also launched MDR Plus, featuring patent-pending malware disruption and seamless telemetry configurability for real-time threat intelligence updates, along with the Binary Defense Platform, a centralized interface that improves visibility, simplifies customer consumption of MDR services integrating seamlessly with third-party tools including EDR and SIEM.

It also launched ARC Labs, an advanced research group focused on identifying emerging threats and providing actionable intelligence. Within months, ARC Labs uncovered a China-Nexus Threat Actor exploiting AIX servers in a shadow IT exploitation campaign targeting the U.S. aerospace supply chain.

Industry Recognition

As a leading MDR service provider, the company received several analyst recognitions, including: A Notable Provider in Forrester’s Managed Detection and Response Services Landscape, Q3 2024, and Representative Vendor in Gartner® Market Guide for Managed Detection and Response for the sixth consecutive year. It was also a finalist in the Trust Award category for Best Threat Detection Technology at the 2024 SC Awards and featured in the MES Midmarket 100 list for its cutting-edge MDR solution.

For the fifth year running, Binary Defense ranked on the Inc. 5000 list, securing No. 54 in Security and No. 66 in Ohio among America’s fastest-growing private companies. Additional honors include Top Workplaces 2024 recognition from cleveland.com and The Plain Dealer, along with multiple 2024 Culture Excellence Awards from Energage.

Partnerships and Alliances

Binary Defense secured key partnerships with Aon as its exclusive MDR provider for SMEs and Fortress SRM to deliver enhanced cybersecurity services to mid-market and small enterprises.

It also reinforced its commitment to better cybersecurity in professional sports through its ongoing partnership with the Cleveland Browns (featured on CNBC) and a new sponsorship of PGA TOUR golfer Michael Kim as its official Brand Ambassador for 2024–2025.

Looking Ahead to 2025

With an attacker-focused strategy, powered by expert SOC analysts, threat hunters and counterintelligence teams, Binary Defense delivers robust protection through early detection and remediation of advanced threats. Poised for significant growth in 2025, the company is set to unveil major updates to its MDR platform in the coming months.

Forrester does not endorse any company, product, brand, or service included in its research publications and does not advise any person to select the products or services of any company or brand based on the ratings included in such publications. Information is based on the best available resources. Opinions reflect judgment at the time and are subject to change. For more information, read about Forrester’s objectivity here.

ABOUT BINARY DEFENSE

Binary Defense is a trusted leader in security operations, supporting companies of all sizes to proactively monitor, detect and respond to cyberattacks. Recognized by top analyst firms, the company offers a personalized Open XDR approach to Managed Detection and Response, advanced Threat Hunting, Digital Risk Protection, Phishing Response, and Incident Response services, helping customers mature their security program efficiently and effectively based on their unique risks and business needs.

With a world-class 24/7 SOC, deep domain expertise in cyber, and award-winning technology, hundreds of companies across every industry have entrusted Binary Defense to protect their business operations. Binary Defense gives companies actionable insights within minutes not hours, the confidence in their program to be resilient to ever-changing threats, and the time back that matters most to their business. Binary Defense is also the Trusted Cybersecurity Partner of the Cleveland Browns and partners with PGA TOUR players. For more information, visit our website, check out our blog, or follow us on LinkedIn.

Media Contact

Ryan Platten, Binary Defense, 1 800-246-2792, ryan.platten@binarydefense.com, https://www.binarydefense.com/

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SOURCE Binary Defense

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Finastra simplifies trade finance with AI-powered assistant using Microsoft Azure OpenAI Service

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Assist.AI boosts efficiencies and bridges the knowledge gap in trade finance, enabling banks to focus on strategic projects

LONDON, Feb. 10, 2025 /PRNewswire/ — Finastra today announced the launch of Assist.AI, an AI-powered assistant designed to enhance the trade finance operations within its Trade Innovation solution. The tool, built on architecture powered by Microsoft Azure OpenAI Service, bridges the knowledge gap in the trade finance industry, providing users with instant, accurate, and context-aware assistance.

The trade finance industry faces significant challenges, including a diminishing knowledge base and a widening disparity between seasoned professionals and new entrants. Assist.AI addresses these issues by offering prompt-based assistance, allowing users to interact with the tool by entering specific questions related to trade processes. This ensures that users receive precise answers sourced from relevant resources without the need to sift through extensive documentation.

Assist.AI offers Trade Innovation users the following benefits:

Enhanced user support: Provides instant, accurate, and context-aware assistance, significantly improving the user experience.24/7 availability and efficiency: Ensures users can access support anytime, boosting efficiency by automating routine inquiries and freeing up valuable time for more strategic tasks.Continuous improvement and adaptability: The solution learns and adapts based on interactions, ensuring ongoing relevance and continuous improvement in responses.

“This timely and much needed solution represents a significant leap forward in our commitment to advancing Open Finance and leveraging AI technology to solve real-world challenges in financial services. By providing instant assistance to bank employees, we are empowering our clients to navigate the complexities of trade finance with greater ease and efficiency,” said Andrew Bateman, EVP Lending at Finastra.

Finastra identified a significant talent gap in the trade finance industry through interactions with various clients. As experienced staff retire or transition to other careers, banks need to invest in training new staff on the latest developments in trade finance and the use of Trade Innovation. Assist.AI uses Microsoft Copilot technology to facilitate this training and support, making it a timely and essential addition to the industry.

“We are pleased to work with Finastra to make trade finance simpler and more efficient for banks worldwide. Using the robust capabilities of Microsoft Azure, this solution exemplifies the power of AI in enhancing operational efficiency and user experience,” said Bill Borden, Corporate Vice President of Worldwide Financial Services at Microsoft.  “This collaboration not only showcases our shared vision for the future of financial technology, but also strengthens the long-standing relationship between Microsoft and Finastra. Together, we are committed to driving innovation and empowering businesses to achieve more through cutting-edge technology.”

Assist.AI is a global solution, available to users of Finastra Trade Innovation worldwide. To learn more, visit Finastra’s website.

finastra.com

About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of Open Finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

Logo: https://mma.prnewswire.com/media/2615478/FINASTRA_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/finastra-simplifies-trade-finance-with-ai-powered-assistant-using-microsoft-azure-openai-service-302371441.html

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RedotPay Partners with StraitsX and Visa to Revolutionise Digital Spending

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RedotPay is excited to announce its collaboration with Visa and StraitsX to launch a groundbreaking card programme in Singapore. This initiative aims to redefine how users interact with their digital assets in everyday transactions by combining RedotPay’s innovative technology with Visa’s extensive global payment network.

SINGAPORE, Feb. 10, 2025 /PRNewswire-PRWeb/ —

Partnership to Facilitate Launch of Crypto Credit Card for Seamless Transactions

Singapore, 10 February 2025 RedotPay, a leading provider of crypto payment solutions, is excited to announce its collaboration with Visa and StraitsX to launch a groundbreaking card programme in Singapore. This initiative aims to redefine how users interact with their digital assets in everyday transactions by combining RedotPay’s innovative technology with Visa’s extensive global payment network. The collaboration is made possible through the essential support of StraitsX as the BIN sponsor for the card programme.

Seamless Transactions

The new card programme will empower users to spend their cryptocurrencies effortlessly across millions of Visa-accepting merchants worldwide. With this innovative solution, users can utilise their cryptocurrencies directly, thanks to RedotPay’s proprietary real-time conversion technology. This feature bridges the gap between digital assets and traditional commerce, making crypto spending as seamless as using a conventional debit or credit card.

Compliance and Security

RedotPay is committed to providing users with a secure and trustworthy platform for their transactions. The partnership emphasises robust security measures to protect user data and funds, fostering confidence in the use of cryptocurrencies for everyday purchases.

Enhancing User Experience

“We are thrilled to partner with Visa and StraitsX to bring this innovative card program to Singapore,” said Michael, CEO of RedotPay. “This collaboration marks a significant step forward in our mission to make crypto payments accessible and user-friendly, promoting the mass adoption of cryptocurrencies in payment systems. Our users will enjoy the flexibility of spending their digital assets just like traditional currency.”

Jason Tay, Head of Commercial at StraitsX said, “We are excited to support RedotPay in launching this innovative card program in Singapore. This partnership is a game changer for everyday retail use cases, enabling users to easily leverage their digital assets for daily transactions. As the BIN sponsor, StraitsX is dedicated to powering this initiative, which will transform how consumers interact with cryptocurrencies in the retail space. By combining our technology with Visa’s vast network, we are making it easier than ever for users to seamlessly integrate digital assets into their everyday spending.”

“Based on a Visa study, close to six in 10 consumers in Singapore are aware of cryptocurrencies. In fact, over 35 per cent of cryptocurrency owners in Singapore use cryptocurrencies for retail purchases.[1] We are happy to support our partners who are helping more cryptocurrency users have a more seamless payment experience and access to digital payments leveraging on their Visa cards for face-to-face or online transactions. Visa is committed towards promoting innovation with our valued partners and this initiative with RedotPay and StraitsX aligns with our vision to become the best way to pay and be paid,” said Adeline Kim, Visa Country Manager for Singapore & Brunei.

Looking Ahead

The RedotPay card program is set to soft launch later this year, featuring a user-friendly interface designed for both convenience and security. Users will have the ability to manage their crypto assets easily, making everyday spending as simple as swiping a card.

About RedotPay

RedotPay is a leading crypto payment company, headquartered in Hong Kong, eligible to operate across various Asian, European and other jurisdictions. Their mission is to enable crypto adoption as a medium of exchange, increase payment efficiency with blockchain, and promote financial inclusion for the unbanked. Through intuitive interfaces and proprietary blockchain technology, RedotPay simplifies crypto transactions while prioritizing enterprise-grade security. The platform enables seamless integration of digital assets into everyday spending, ensuring accessibility and trust for both businesses and individuals.

For media inquiries, please contact: Press@RedotPay.com

About StraitsX

StraitsX is Southeast Asia’s leading digital payment infrastructure provider and a licensed Major Payment Institution regulated by the Monetary Authority of Singapore. Leveraging blockchain technology within a secure, regulated environment, StraitsX empowers businesses and individuals with innovative tools for managing funds, integrating digital assets, and enabling seamless cross-border transactions. Through partnerships with global financial institutions, businesses, and developers, StraitsX is driving the future of digital payments and financial connectivity.

1 Visa Green Shoots Radar: Study conducted across Asia Pacific markets, including 500 Singapore respondents in June 2023.

Media Contact

Jackee T. T. WONG, RedotPay, 1 85221290009, press@redotpay.com, https://www.redotpay.com/

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SOURCE RedotPay

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KBC Group renews collaboration with Cognizant to improve IT services and customer experience

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KBC Group and Cognizant celebrate over a decade of collaboration with a renewed agreement until 2027. Cognizant will provide various IT services, focusing on quality and cost-effectiveness.

BRUSSELS, Feb. 10, 2025 /PRNewswire/ — Cognizant (Nasdaq: CTSH) today announced the renewal of its relationship with KBC Group, a leading Belgian universal multi-channel bank-insurer.

This renewal of the agreement will extend until 2027, positioning Cognizant as KBC Group’s partner in supporting its IT and business transformation across the entire spectrum of IT services, including application development & maintenance, data services, infrastructure, and quality engineering.

“We are pleased to renew our agreement with Cognizant, as it supports our goals of creating superior customer experience, supporting innovation, and maintaining operational excellence,” said Isabel Van Mele, Chief Information Officer of KBC Bank & Insurance. “Cognizant’s ability to provide various IT services, focusing on quality, stability, and cost-effectiveness, makes it an important partner for KBC. We look forward to continuing our collaboration to achieve our organizational objectives.”

Cognizant and KBC Group have enjoyed a long-standing relationship for over 11 years, built on mutual trust, respect, and a proven track record. This agreement has been characterized by a collaborative spirit, seeking win-win solutions for both parties. The renewal of the relationship underscores the commitment of both organizations to continue bringing execution focus, innovative solutions and thought leadership to KBC Group. Cognizant’s existing team and service offerings are expected to enhance quality, ensure operational stability, foster innovation, and optimize cost-effectiveness for KBC Group.

“We are honored to extend our partnership with KBC Group,” said Geert Lejon, Country Manager, Belgium & Luxembourg at Cognizant. “Our extensive experience in delivering a wide range of IT services has been crucial in helping KBC achieve its objectives over the past eleven years. Our team is excited to continue this work and further enhance our collaboration.”

About Cognizant

Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we’re improving everyday life. See how at www.cognizant.com or @cognizant.

About KBC Group

KBC is one of the leading financial groups in Europe. It is a multi-channel bank-insurance group with a geographic focus on Europe, catering mainly to retail clients, SMEs and local midcaps. The group occupies significant, and in many cases leading positions in its core markets of Belgium, Czech Republic, Bulgaria, Hungary and Slovakia. The KBC group has also selectively established a presence in a number of other countries and regions around the world.

KBC Group employs around 41000 staff and caters for about 13 million clients in its core markets. KBC Group NV is listed on Euronext Brussels (ticker symbol ‘KBC’).

For more information, contact: GlobalCommunications@cognizant.com 

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SOURCE Cognizant Technology Solutions

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