Birlasoft partners with '' to co-develop AI-based cyber-regulatory reporting platform

Birlasoft believes that the platform fits well with the company’s focus to grow the banking, financial services, where cybersecurity is a key focus.

Jun 08, 2021 05:06 IST India Infoline News Service

Birlasoft Ltd, The CK Birla Group and a global enterprise digital and IT services company, has partnered with '', to co-develop a new AI/ML-based cyber-regulatory reporting platform.

Digital transformation has unleashed a high volume of cyber threats, making cybersecurity and compliance a top priority for CXOs, and making it critical for businesses to ensure their cyber-regulatory compliance roadmap is in place.

In alignment with Birlasoft’s strategy to ensure customers realize utmost value from their digital transformation initiatives, the co-developed platform will help regulated enterprises gain a deeper understanding of their cyber regulatory compliance risks and provide them with actionable reports to mitigate risks and ensure compliance.

Birlasoft believes that the platform fits well with the company’s focus to grow the banking, financial services, and insurance segments, where cybersecurity is a key focus. In addition, as organizations across other regulated industries accelerate their digital transformation, cybersecurity becomes fundamental for future business resiliency.

Shilpa Bhandari, SVP and Global Head - BFSI, Birlasoft said, “Enterprises are moving towards a digital-first approach at an accelerated pace and are increasingly concerned about their cybersecurity resiliency. Birlasoft and’s co-development partnership is strategic in our goal of delivering innovative platform-based solutions that address the needs of customers across banking, financial services, and insurance industries where cybersecurity and compliance are top priorities.”

Jinal Shah, CEO, said, “We are excited to be working together on a joint platform in partnership with Birlasoft. is transforming the cybersecurity reporting function across regulated industries. We have created a lightning-fast, scalable, and cost-efficient governance platform using leading-edge AI technologies. Our innovative multi-cloud platform will significantly streamline cybersecurity self-assessment processes.”

Birlasoft ended at Rs376 per piece up by Rs33.4 or 9.75% on Sensex.

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