Praesidio, a Seattle-based cloud Security Data Platform provider, joins an elite list of companies who earned a spot on the 20 Most Promising Banking Technology Solution Providers 2016 by CIOReview.
In consulting with industry experts and technology experts at CIOReview, a coveted list of the top 20 banking technology solution providers has emerged for 2016, with Praesidio among the ranks. The choice to name Praesidio as a top 20 provider came to fruition after an in-depth look at the the company’s technology capabilities and their unique positioning in the market. Built from the ground up in the cloud, Praesidio unifies detection, investigation, reporting, and compliance into a single place to manage security data. Formed by bankers and technology experts, Praesidio aggregates event data across all cybersecurity tools and links policies to real-time alerts, so that financial institutions can prove to regulators they are both secure and compliant with evolving FFIEC cybersecurity requirements.
Praesidio is a new layer in the security stack – one that ties all systems together in one view to enable detection, investigation, reporting and compliance. At the core of the platform is a next-generation SIEM that takes advantage of the power of the cloud to search events up to 120x faster than legacy systems. It analyzes millions of events to identify anomalies and ensures compliance by matching policies and events – all in real-time.
“I congratulate Praesidio on being recognized with the much coveted title and being a recipient of 20 Most Promising Banking Technology Solution Providers 2016,” said Jeevan George, Managing Editor, CIOReview. “We are glad to showcase Praesidio this year due to its continuing excellence in delivering top-notch technology solutions.“
The recognition comes after a string of recent awards for the company. In 2015 the company was named by Banking CIO Outlook as one of the 10 Most Promising Cloud Banking Solution Providers.
‘We are beyond thrilled to be named by CIOReview as one of the most promising banking technology solutions in the market. The recognition from CIOReview validates our belief that a modern security posture requires a single, unifying security data platform which only Praesidio can offer,” said Praesidio CEO and Co-Founder Edgardo Nazario.
Published from Fremont, California, CIOReview is a print magazine that explores and understands the plethora of ways adopted by firms to execute the smooth functioning of their businesses. A distinguished panel comprising of CEOs, CIOs, IT VPs including CIOReview editorial board finalized the “20 Most Promising Banking Technology Solution Providers 2016” in the U.S. and shortlisted the best vendors and consultants.
Praesidio is a big data Cybersecurity Management (CsM) company that was formed by bankers and security experts to solve the critical, real-world problems of breach detection, remediation, and governance insight that Financial Institutions (FI) are grappling with today.