Digital Security: Verimatrix XTD to Protect HBL Microfinance Bank’s FirstPay Mobile App

Verimatrix (Euronext Paris: VMX), the firm powering the modern connected world with people-centered security, announced that HBL Microfinance Bank Ltd is among the latest financial institutions in the South Asia region “to deploy the Verimatrix Extended Threat Defense (XTD) app shielding service to protect FirstPay, the bank’s mobile wallet app.”

Earlier this month, HBL MfB added Verimatrix XTD protections “to its FirstPay mobile app that has seen 1 million+ downloads to date between the Google Play Store and the Apple App Store.”

Verimatrix XTD greatly reduces “the chances of cybercriminals using the app to infiltrate connected enterprises while deploying the latest obfuscation, anti-tamper and anti-reverse engineering techniques to prevent threats before they can compromise both the mobile app — and the enterprise.”

Mustafa Jamshed Gillani, Chief Digital & Financial Inclusion Officer at HBL MfB, described the partnership a significant milestone for the firm.

As noted in the update, HBL Microfinance Bank, was established in 2002 “as a nationwide microfinance bank.”

HBL MfB was created through a structured transformation of the credit and savings section of the Aga Khan Rural Support Program (AKRSP), “an integrated development program initiated in 1982, to pioneer the microfinance sector.”

Through targeted financial and multi-sectoral products and services based on the evolving needs of the underprivileged, HBL MfB continues “to enable its clients to strengthen their entrepreneurial base and build financial, physical and human capital to secure their future.”

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