Arctic Wolf, Multiverse and PassFort Pick Up Tech Deals

Tech firms are hunting for good times with Jaguar and Wolves.

There’s some animal magic going around with Arctic Wolf, Multiverse and PassFort getting (or extending) some tech deals.

It’s a match made in heaven as Arctic Wolf has announced an extension to the global cybersecurity partnership signed in March with Premier League football club Wolverhampton Wanderers.

Jaguar Land Rover is working with edtech entity Multiverse to enhance the data skills of its employees as it prepares for digital transformation and an “electrified future”.

PassFort, a Moody’s Analytics company, says banking firm OneBanx has chosen its know your business (KYB) workflow solution for onboarding business customers.

Wolf Keeps Dangers at Bay for Wolves

Minnesota-based Arctic Wolf says it became Wolves’ first official cybersecurity partner earlier this year and will implement its cloud-native security operations platform across the team’s existing technology and security infrastructure. The new deal will continue the relationship for a further two years.

Russell Jones, General Manager, Marketing and Commercial Growth, Wolverhampton Wanderers Football Club, comments: “As we look to push boundaries across digital products and services, it’s imperative that we are working with the best in the business. Access to Arctic Wolf’s industry leading cloud-native security platform continues to be central in enhancing our cybersecurity processes and protecting our fans from the threat of cyberattacks.”

Arctic Wolf’s security staff will continue to work with the club’s current global IT solutions partner, Silverbug, via Arctic Wolf’s Concierge Delivery Model to provide monitoring, detection and response, as well as ongoing risk management and security awareness training.

According to the US tech firm, its Security Operations Cloud was built from day one on an open XDR architecture to ingest data from endpoint, network, identity and cloud sources to provide automated threat detection.

Jaguar Seeks Bite via Multiverse 

Through its ‘Reimagine’ strategy, Jaguar Land Rover says it has a focus on electrification, digital services and data.

The work with Multiverse is the first in a series of initiatives planned by the company to increase data capability and invest in employees’ skills.

Multiverse is looking to fill this skills gap by building an alternative to university and corporate training through apprenticeships. It now trains over 8,000 tech, leadership and digital apprentices.

Through the collaboration, a Data Fellowship course, delivered by Multiverse, will be offered to employees. The 15-month course covers topics including data modelling, analysis, Python and machine learning.

Multiverse – co-founded by Tony Blair’s son Euan – is making good progress. In June it closed $220 million (£175 million) of Series D funding. The tech company was valued at $1.7 billion (£1.3 billion) at that time – double what it was worth eight months prior.

PassFort Plays Orchestrator Role

PassFort provides a SaaS regtech platform that automates anti-financial crime and compliance processes.

OneBanx, formerly known as OneBanks Hub, offers shared banking infrastructure in the form of kiosks and ATMs for customers. The Glasgow-based fintech company says it built “the first ever automated multi-bank deposit system in the UK”, which is being used by SMEs. To broaden the range of businesses that OneBanx can work with, it has deployed KYB procedures via PassFort.

Automated onboarding workflows will be orchestrated by PassFort, allowing OneBanx to manage identity verification. As a result of deploying the PassFort solution, OneBanx plans to enable SME-specific features, including the ability of business managers to deposit funds into a business account in a compliant manner without the need for a bank card.

Last year, Moody’s Corporation acquired PassFort for an undisclosed sum. The latter is headquartered in London and was founded in 2015.

Under its old name, OneBanx featured in our ‘Fintech Companies in Glasgow to Watch’ here. It acts as a middleman between customers and participating banks. These participating entities include Barclays, Bank of Ireland, Bank of Scotland and Lloyds.

Antony Peyton
Antony Peyton
Antony Peyton is the Editor of eWeek UK. He has 18 years' journalism and writing experience. His career has taken him to China, Japan and the UK - covering tech, fintech and business. Follow on Twitter @TonyFintech.
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