Fastly has been chosen by Monoova, a leading Australian payments automation provider, to bolster transaction security for its expanding clientele.
Fastly, established as a pivotal player in online security and performance, complements Monoova’s innovative payments automation services, marking a significant partnership in the FinTech sector.
This collaboration aims to enhance the security and reliability of Monoova’s payment processing services. By integrating Fastly’s advanced security features, Monoova seeks to provide its clients with a secure, high-performance platform that supports the digital transformation of payment processes, ensuring transactions are not only secure but also instantaneous.
Fastly, Inc. stands out in the tech world for its edge cloud platform, designed to improve website and application performance, security, and scalability. Its services are vital for businesses looking to optimize their online presence securely. Meanwhile, Monoova has carved a niche in the FinTech industry with its proprietary payments platform, facilitating transactions worth over $100bn since its inception in 2017. The platform’s ability to handle millions of transactions monthly underscores its importance in the digital payments ecosystem.
The decision for Monoova to partner with Fastly followed a rigorous proof-of-concept trial that showcased Fastly’s reliability, scalability, and advanced security capabilities, including API and web application security, DDoS protection, and SOC expertise. Monoova’s Chief Technology Officer, Nicholas Tan, highlighted Fastly’s compatibility with multi-cloud environments, which aligns with Monoova’s use of a hybrid cloud setup to deliver its services. This partnership enables Monoova to offer a seamless, secure digital payments process to its clients, eliminating the need for manual back-office processes.
With Fastly’s technology now integral to Monoova’s operations, the company is well-equipped to continue its trajectory of rapid growth. Monoova supports traditional payment systems like BPay and Direct Debit, as well as innovative services like PayID and PayTo, further cementing its position as a leader in Australia’s digital payments landscape. Fastly’s Area Vice President for Australia and New Zealand, Derek Rast, expressed enthusiasm about supporting Monoova’s growth and innovation in the payments industry.
Nicholas Tan expressed confidence in Fastly, stating, “The POC demonstrated that Fastly could deliver the reliability that we required to support our rapidly growing client base. We were particularly impressed by Fastly’s capabilities in the areas of both API and web application security as well as in its DDoS protection and SOC expertise.” Derek Rast added, “Companies who bring innovation to their industry align culturally with Fastly’s mission to make the Internet fast, safe and engaging. We are excited to see Monoova take advantage of the resilience, security and flexibility Fastly brings to organisations and look forward to supporting future growth of Monoova’s platform in 2024 and beyond.”
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