Applications
Irdeto helps Rogue Wave Software secure banks & PSPs
MUMBAI: Irdeto, the world leader in digital platform security, and Rogue Wave Software, maker of Akana and a leading provider of API Management, API security and Microservices solutions for digital businesses, have announced a partnership to help banks and payment service providers (PSPs) protect their open APIs. The partnership brings to the market a solution to secure open APIs, combining products that offer protection from the API gateway through to the end-user’s device or application. In addition to providing end-to-end protection, the partnership also helps banks and PSPs comply with PSD2’s Access to Account (XS2A) and Common and Secure Communication (CSC) requirements.
The payments and banking industry is undergoing digital disruption as financial institutions open their services to third-parties through open APIs. While this open banking approach creates new business models and fosters innovation, it also introduces a variety of security vulnerabilities. The partnership between Irdeto and Rogue Wave addresses those vulnerabilities by providing services and tools to help protect APIs and applications against a wide variety of attacks, including Denial of Service (DoS), SQL Injections (SQLi), Man-in-the-Middle (MitM) attacks, malware injections and more.
“A successful cyberattack has the potential to permanently damage a financial institution’s reputation,” said Ian Goldsmith, Vice President of Akana Product Management, Rogue Wave. “Protecting open APIs is a critical step banks and PSPs must take to succeed in the ever-evolving financial landscape. Our partnership with Irdeto helps guide the financial industry through digital disruption to securely accelerate innovation.”
While open APIs connect financial enterprises with mobile apps and a large community of developers, these APIs also need to be scalable, reliable and secure. As banks and PSPs expand their services across digital channels they need to become more vigilant about security and protect their APIs against threats and cyberattacks.
“Financial institutions face a growing number of threats as cybercriminals look at different ways to exploit vulnerabilities from APIs,” said David W. Jones, Global Head of Payments & Banking, Irdeto. “In order to adequately protect customers’ sensitive financial information, banks and PSPs must secure their entire infrastructure from the API gateway to the end device or application. By partnering with Rogue Wave, we are providing financial institutions with the peace-of-mind needed to innovate freely.”
Cloakware for Payments & Banking by Irdeto helps banks and PSPs capitalize on digital disruption by taking security to the next level, enabling new services and accelerating innovation. Irdeto’s unique solutions for Payments & Banking help financial institutions prevent MitM attacks and mitigate tampering-based attacks. Irdeto protects and hardens applications and APIs from the client to the server, across all devices, browsers, interfaces and gateways, completely in-line with PSD2 and PCI security standards.
Applications
Canva acquires animation and AI startups Cavalry and MangoAI
The deals strengthen Canva’s push into enterprise and AI-led design workflows
AUSTRALIA: Global visual communication platform Canva has stepped up its acquisition drive, buying UK-based 2D animation platform Cavalry and US-based AI startup MangoAI to deepen its AI-powered creative stack.
Cavalry, whose tools are used by brands including Amazon, Meta, Google and Netflix, will strengthen Canva’s motion design capabilities. The deal builds on Canva’s 2024 acquisition of Affinity, which has crossed four million downloads since launch. With Cavalry, Canva now counts seven Europe-based acquisitions, underscoring its global expansion strategy.
MangoAI, an early-stage startup focused on video advertising optimisation, will integrate its reinforcement learning systems into Canva AI. The move aims to enable brands to generate personalised marketing content in real time, cutting production cycles while improving campaign performance. MangoAI co-founder Vinith Misra will join Canva as reinforcement learning lead in its research lab.
Canva co-founder and chief operating officer Cliff Obrecht said the acquisitions reflect the company’s ambition to make professional-grade creative tools more accessible without sidelining human creativity. The goal, he said, is to bring everything from vector to motion design into a single, integrated suite.
The company now reports 265 million active users, including 31 million paid subscribers, and $4 billion in annualised revenue, up 36 per cent year on year. The latest buys further position Canva against rivals such as Adobe and Apple’s Creator Studio as it pushes deeper into enterprise workflows.
Canva head of pro design marketing Liam Fisher, said AI is intended to act as a creative assistant rather than a replacement, reinforcing the primacy of craft and individual design judgement.
