The largest financial company Goldman Sachs has joined the fintech company Trusted Computing Group (TCG) to deepen its scientific and technical cooperation.
The field of activity of this non-profit organization concerns the development of cybersecurity systems in the field of financial technology, writes psm7.com with reference to finextra.com.
TCG works to create and promote open, vendor-independent, global financial specifications and standards that support interoperability principles for hardware computing platforms, including banking servers.
Goldman Sachs develops new cybersecurity systems for financial technology. She will help coordinate TCG’s activities in the fintech industry, providing its engineers with the fintech infrastructure they need.
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The TCG is currently focusing on the fintech industry as its engineers say the rapid adoption of mobile payments in daily life is a growing concern of security experts.
In turn, one of the main tasks of the Goldman Sachs banking group is to coordinate TCG’s activities in the fintech industry.
The largest financial services company on Wall Street will help TCG shape the right approach to organizing cybersecurity in financial services.
Michael Mattioli, chief product engineer at Goldman, said: “By joining TCG, we look forward to working closely with experts in developing financial technology protections that will be widely used by financial institutions around the world in the future.”