Money20/20 USA: Meeting cybersecurity demands with Deem

Money20/20 USA 2023 saw the leading lights of financial services come together in Las Vegas to connect and offer key insights into the future of fintech. 

We spoke to Toby Rush, CEO of Deem, who detailed how the company can help companies meet the growing cybersecurity demands placed on businesses today. 

Deem: Marrying security with simplicity 

For Rush, it is not only about offering effective solutions so businesses and consumers can meet their cybersecurity needs but also that the offering is simple and easy to understand, implement and use. 

He says: “One of the things we try to sit right in between is being both simple and very secure. The challenge is simplicity and security sit at opposite ends of the spectrum. 

“Requirements for cybersecurity like the SEC’s new ruling add to simplicity for us. If you have a phone number, we can tell quickly if it is a bot or carrier-issued device because if you have a phone you have a password – with bots, there is no account takeover because there are no passwords. 

“So in many ways, we love really good security and requirements for good security because it helps us thread the needle between simplicity and security, whether it comes from the SEC or any other regulatory agencies around both for Web3 and digital payments.”

For more from Rush and Deem’s work in the cybersecurity space, you can click on the video link above.

Want to see more from Money20/20 USA 2023? Stay tuned to our website for more content, which will be rolled out in the coming days.

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For more insights from FinTech Magazine, you can see our latest edition of FinTech Magazine here, or you can follow us on LinkedIn and Twitter.

You may also be interested in our sister site, InsurTech Digital, which you can also follow on LinkedIn and Twitter.

Please also take a look at the playlist for our latest hybrid event, FinTech LIVE London, to learn all about the latest trends in fintech. 

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