Measures the cyber security risks of member businesses of banks and payment institutions and e-commerce sites. PCI Checklist, developed “End-to-End Risk Management” By expanding its service area with its platform, it already has a commercial title onlayer will continue its activities under its name. Onlayer, which supervises 25 thousand merchants that are members of the banks and payment institutions it serves, will strengthen its presence in Turkey and increase employment with its new brand and services, as well as expand into the United Arab Emirates and Indian markets.
Onlayer goes into layers of risk control.
Onlayer Co-Founder and CEO said that banks and payment institutions have different needs when scanning the cyber security risks of member merchants. Kivanc Harputlu, said the following on the subject: "Banks and payment institutions need risk analysis against compliance, fraud, fraud and financial actions of member merchants, as well as cyber security. We have developed our technology to serve these verticals and made it possible to make risk predictions with the artificial intelligence engine. Apart from the risk scanning of these 4 areas, we analyze the risks of the points that banks and payment institutions should look at when buying a new merchant. Thus, the bank and payment institution can automatically receive all these risk controls from a single platform when purchasing a new merchant. As is the case globally, we have reduced the customer acquisition process from three weeks to 5 minutes. In addition to providing a competitive advantage for banks and payment institutions in acquiring new merchants, it can also prevent material and moral damages that may occur due to periodic cyber security, fraud and compliance checks. As Onlayer, we will examine our new services from a holistic perspective and address the risks with all their layers. For this purpose, we actually changed our name to Onlayer, the legal name of our company, considering the path we want to take in the future. We are excited to renew our branding process in this context.”
It aims to accelerate global expansions.
Evaluating the first 9 months of 2023, Harputlu continued his words as follows: "In the first 9 months of this year, compared to the first 9 months of 2022, we increased our revenues 3.3 times in dollar terms, and in parallel, our employment by 70 percent compared to the same period last year. While we will continue to grow in dollar terms by the end of the year, we will also increase the number of active member businesses by 100 percent. We will also continue our growth in global markets. Currently, most of the Qatar market with QNB "We are conducting risk screening. In addition to strengthening our presence in Qatar, we will also expand into the markets of the United Arab Emirates and India."
About Onlayer:
The company, which started its operations under the brand name PCI Checklist in 2019, continues as Onlayer as of October 2023. Onlayer is a SaaS software company that audits the cyber security risk audits, fraud and compliance processes of banks, payment institutions and e-commerce companies. Onlayer, which provides automatic reports and information about what the detected vulnerabilities are, what they may cause and how they can be resolved, works without requiring any integration. Onlayer, which analyzes the risks of banks, payment institutions, holdings, corporate companies, third parties or member businesses, periodically carries out audits with a holistic view, from cyber security to fraud, compliance audits and possible risks in the business field. In the seed investment round held in January 2020, it received a total investment of 380 thousand dollars under the leadership of Maxis Innovative Venture Capital Investment Fund, with the participation of important names of the sector such as Ömer Erkmen, Burak Dayıoğlu and Soner Canko. For more detailed information: https://onlayer.com/
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