ebankIT, a digital banking platform provider based in Portugal, has acquired SecuritySide, a cybersecurity company with expertise in securing financial institutions across multiple domains.

The acquisition is intended to strengthen ebankIT’s platform security and enhance its capacity to provide secure digital banking services.

Through the integration with SecuritySide, ebankIT aims to reinforce key security areas, including enhanced authentication and identity protection with Multi-Factor Authentication (MFA) via TrustFactor, as well as mobile and application security through the Mobile Protection Suite (MPS).

MPS is designed to defend mobile applications against tampering, malware, reverse engineering, and other advanced threats.

SecuritySide is recognised for its secure development practices, grounded in security-by-design principles.

The company offers services such as cloud consulting, DevSecOps consulting, penetration testing, and retesting to validate remediation efforts.

Detailed, actionable reports are also provided, supporting organisations in identifying risks, addressing vulnerabilities, and maintaining regulatory compliance.

With SecuritySide joining ebankIT, the platform’s approach to security is positioned as a central aspect of its digital banking solutions.

The two companies share a vision of proactive, integrated security, designed to help financial institutions manage evolving threats while meeting regulatory requirements.

“Security has always been fundamental to ebankIT’s vision of digital banking. By joining forces with SecuritySide, we are expanding our capabilities, and we’re reshaping what it means to be secure in a digital-first financial world,”

said Renato Oliveira, CEO at ebankIT.

“This acquisition allows us to deliver trust at every level, from the core to the edge, ensuring that our customers remain ahead of threats while accelerating innovation.”

Featured image credit: Edited by Fintech News Switzerland, based on image by Markus Spiske via Unsplash