- Scryb Inc. (SCYB) reports on its partnership agreement with a financial technology (fintech) company and a license agreement for the Cybeats platform
- The partnership is between Cybeats platform and a dual interface fintech
- The entity will also trial Cybeats SBOM Studio, a software management tool
- Scryb is aggressively pursuing the fintech sector due to the risk profile of the institutions
- Scryb Inc. (SCYB) is up 5.40 per cent trading at $0.19 per share as of 12:44 p.m. ET
Scryb (SCYB) has announced a partnership agreement with a financial technology (fintech) company and a license agreement for the Cybeats platform.
The partnership is between Cybeats enterprise cybersecurity platform and a dual interface fintech targeting both financial professionals and consumers.
The entity will also trial Cybeats SBOM Studio, an enterprise software supply chain risk management product that is used for software bill of materials (SBOM) document management, repository, and more.
Cybeats SBOM Studio gives access to tools to manage SBOM needs and predictive identification of software vulnerabilities with proactive mitigation of risks to their software supply chain.
An SBOM is a record of all software components that make up a product. It is a complete formally structured list of components, libraries, and modules that are included in the software.
It is expected that SBOM will become a standard across the industry, and mandated by organizations dealing with the public sector, infrastructure, medical, energy and finance.
Currently, Scryb has several ongoing engagements in the fintech sector which is an area it is aggressively pursuing due to the risk profile of the institutions.
Yoav Raiter, CEO of Scryb, commented,
“Software supply chain challenges in the banking, digital asset, cryptocurrency, and financial technology sectors come on top of the already highly regulated sectors they operate in and anticipated future mandates… As regulations expand, early adopters will have a competitive advantage and our solutions have been designed to guide the process by putting tools and features in the hands of organizations of all shapes and sizes.”
Earlier this month, the U.S. government signed an executive order to ensure an established approach for the responsible development of digital assets. The order identifies new U.S. cryptocurrency policies across six key priorities.
Scryb Inc. (SCYB) is up 5.40 per cent trading at $0.19 per share as of 12:44 p.m. ET.
