Forward-thinking companies in the financial services space realize that building secure software requires more than a single technology or a standalone tool.

Banks and fintech firms, given their wide-ranging access to customer data, need a unified enterprise-grade platform that binds security with their agile, DevOps, and CI/CD processes.

In other words, the financial services industry needs a solution like Checkmarx’s Software Security Platform to identify, intelligently prioritize, and remediate security risk throughout the software development lifecycle (SDLC).

By implementing such a robust application security solution, banks and financial institutions can automate security scanning to ensure their code is secure at every developer touchpoint.

Further, Checkmarx’s holistic approach to app development not only ensures that applications make it past the production stage without any security, legal and compliance issues, but also assures the long-term quality and security of code by enhancing secure coding awareness among developers.

All application security needs, in a single platform

When it comes to application security, financial services companies are inherently at risk. Some of the most common vulnerabilities stem from the code generated by institutions themselves, the code they procure from 3rd parties or open sources, weaknesses in organizational knowledge to fix bugs and vulnerabilities in applications, and even deficiencies within the development processes.

The Checkmarx Software Security Platform comes packed with all the necessary features that enable businesses to manage their software security risks using a single platform.

CxSAST: At the core of The Checkmarx Software Security Platform is its Static Application Security Testing (SAST) solution, which provides a high-speed, fully automated, flexible, and accurate static analysis that can detect hundreds of security vulnerabilities within custom code components.

Upon identifying the vulnerabilities, the solution prioritizes them according to severity and provides appropriate guidance on the order in which they need to be remediated.

Source: Checkmarx

Deployed during the development phase, security teams and developers could effectively scan their source-code early in the SDLC, in over 25 coding and scripting languages.

Besides, CxSAST seamlessly integrates with practically all IDEs, build management servers, bug tracking tools, and source repositories, to automatically enforce security protocols.

By using machine learning, the source analysis solution cuts through the noise to help developers focus on critical aspects of the code. Since CxSAST can scan uncompiled code, it enables developers to find vulnerabilities sooner.

Beyond that, using Checkmarx’s unique ‘Best Fix Location’ algorithm, developers could also fix multiple vulnerabilities at a single point in the code.

With CxSAST, businesses could empower their teams to govern application security, enforce them through build-tool integration, and also manage remediation efforts using existing IT workflows.

Most importantly, CxSAST is integrated with other solutions in the platform, along with the overarching management and orchestration layer, which ensures greater coverage, accurate results, and intelligent remediation.

CxOSA: Open source software and code have immensely contributed to many advancements in app development and have helped reduce the development cycles.

However, the usage of open source components is not without its risks, and security vulnerabilities could compromise the app and risk data breaches while complex licensing requirements could potentially jeopardize a business’ intellectual property.

Checkmarx’s Open Source Analysis (CxOSA) solution evaluates open source components within applications to provide detailed risk metrics regarding vulnerabilities, potential license conflicts, and outdated libraries.

Source: Checkmarx

CxIAST: Businesses in the digital era need security testing solutions that support their high iterative release frequency.

Checkmarx’s Interactive Application Security Testing (CxIAST) is a dynamic and continuous security testing solution that is capable of identifying threats and vulnerabilities in apps while they run.

Specially designed and optimized for the Agile, DevOps and CI/CD processes, the solution keeps the development processes ticking along without delaying the SDLC, something which legacy Dynamic Application Security Testing (DAST) is notorious for.

CxCodebashing: There is a pressing need to integrate security into development teams in the age of DevOps. While many organizations strive for this, achieving it is a challenge.

Development and security teams often operate separately and are not on the same page, in terms of security standards.

Instead of being a distinct step within the SDLC, security awareness should be embedded in every phase of the SDLC; something Checkmarx’s CxCodebashing was designed to achieve.

Security leaders can leverage open communication, ongoing engagement, gamified training, and on-the-spot remediation support, to empower developers to write secure code.

In short, the age of digital transformation presents a new scale of software security risks.

Businesses, specifically those within the critical sector such as finance as well as government, public, and regulatory agencies, should make security integral to their SDLC.

Checkmarx‘s unified software security platform aligns security with DevOps culture and uses cutting edge technologies to identify sort, and remedy security risks from the coding stages through the runtime application testing stage. Get in touch with them now or click here to request a demo.