Arcot Systems is a provider of secure e-payment, strong authentication, real-time risk assessment, and digital signature software solutions with over 12000 financial institutions and in excess of 50 million end users. The Middle East is experiencing a dramatic rise in internet activity, with growth in e-commerce volumes of over 200% per annum. This tremendous growth requires a world class approach to defeat the growing threats that accompanies this rise. Together FIS and Arcot expect to offer unrivalled and highly cost effective solutions to financial, government and retail institutions.
“We are excited to partner with Arcot, a market leader with established customer base, Arcot and FIS expertise will allow us to address the issue of theft and fraudulent transactions over the internet in the GCC” said Nagy Moustafa, the vice chairman of FIS
“FIS provides a highly focused and skilled team to help deliver a world class solution around Arcot’s offerings to address the growing internet threats within the GCC. With an established and loyal customer base combined with such complementary services such as security assessments, FIS are a tremendous addition to our ability to deliver solutions within the GCC”. Said Ram Varadarajan, the President and CEO of Arcot Systems.