Swiss CyberTech firms impress with innovation

The London-based research firm FinTech Global has now published the CyberTech100 list for this year. Inclusion in this ranking serves to recognize the most innovative companies working to help the finance industry combat cyber threats. A jury of analysts and industry experts is formed to select the companies for inclusion in the list.

This year, four Swiss companies also made the cut. These include three Zurich-based firms – namely xorlab, Spitch and Futurae – as well as NetGuardians from Western Switzerland. Xorlab, a spin-off from the Swiss Federal Institute of Technology in Zurich (ETH), has developed a platform on the basis of Artificial Intelligence (AI) that can detect and block potentially harmful emails. Spitch, on the other hand, has developed a tool to automatically evaluate customer telephone calls. The tool can also automatically detect fraudulent activity. Futurae, likewise founded in the form of a spin-off from ETH Zurich, has devised a modular two-factor authentication (2FA) platform, while the software developed by NetGuardians supports banks in their efforts to comply with specific anti-fraud and regulatory requirements.

The CyberTech industry has experienced strong growth over the past four years, xorlab writes in a press release issued to mark its inclusion in the CyberTech100 list for 2021: “Security executives working in organizations need to be aware of the latest innovation and threats in the market in order to protect client and company data as well as fend off cyber and financial criminals”, explains Richard Sachar, Director at FinTech Global. The CyberTech100 List is designed to provide them with an overview of innovative technologies in this area.