Digital banking solutions provider ebankIT has purchased SecuritySide, a cybersecurity firm focused on protecting financial institutions, in a move that underscores the growing importance of security in digital banking.
SecuritySide brings deep expertise in safeguarding banks and financial services companies against evolving cyber threats. The acquisition allows ebankIT to embed more robust security capabilities directly into its digital banking platform.
As financial institutions accelerate their digital transformation efforts, cybersecurity has become a critical concern. Banks face increasingly sophisticated attacks, from phishing schemes to ransomware to data breaches, making security a top priority for both institutions and their customers.
ebankIT's decision to acquire a specialized security firm reflects this reality. Rather than relying solely on third-party security tools, the company is bringing those capabilities in-house to offer clients a more integrated, comprehensive solution.
The deal positions ebankIT to provide end-to-end digital banking platforms with security built in from the ground up, rather than bolted on as an afterthought. This approach can help financial institutions reduce complexity, improve threat detection, and respond more quickly to emerging risks.
For SecuritySide's team, joining ebankIT means their security expertise will reach a broader range of financial institutions through ebankIT's global client base. The combined organization can deliver both the user-facing digital banking features that customers expect and the behind-the-scenes security infrastructure that institutions require.
ebankIT has been expanding its platform to serve banks of all sizes, from community institutions to large regional players. Adding dedicated cybersecurity capabilities strengthens its value proposition as financial services become increasingly digital and security threats continue to evolve.