Security News > 2020 > January > Visa invests in VGS to accelerate fintech innovation while advancing data security

Very Good Security, a leader in modern data security and custodianship, announced that it has received a strategic investment from Visa to expand access to VGS' infrastructure-as-a-service for financial technology companies and large enterprises.

Visa joins other notable investors, including Goldman Sachs, Andreessen Horowitz, Vertex Ventures US, and Max Levchin, in advancing VGS' mission to provide a better approach to data security, privacy and compliance.

Earlier this year, Visa selected VGS as a launch partner for its Fintech Fast Track program, which supports digital payment innovation by making it simple to collaborate with Visa and launch new fintech products.

This strategic investment extends the relationship and underscores the importance of a robust, yet nimble data security posture for businesses, especially those operating in regulated environments like payments and fintech.

"VGS' 'Zero Data' platform is an example of this. Companies can reduce the scope of their data security and compliance requirements by eliminating the sensitive data in their systems, enabling them to develop innovative ways to pay without compromising security or functionality."

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