Data443 Risk Mitigation, Inc. announced an additional contract win from one of its fintech clients. The client, a leading global organization, is a service provider in the merchant solutions, banking solutions and capital market solutions marketplaces. The client processes over 75 billion transactions amounting to more than $9 trillion annually.

For over 15 years, Data443 has been a trusted partner for the client's enterprise file transfer service requirements. Data Placement Manager processes thousands of sensitive data files on an hourly basis for thousands of partners across the globe. Secure data discovery, identification, governance and distribution continue to be significant focuses of the Data443 platform.

According to the Gartner®? report "Hype Cycle for Cloud Platform Services, 2022: Managed file transfer (MFT) is a major market segment, with rapid growth of managed file transfer platform-as-a-service (iPaaS) and content collaboration platforms add deeper and broader MFT capabilities. The viability of some pure-play providers, many of which are likely to be acquired or exit the market over the next three to five years.