Greenway: Neovera Enhances Anti-Fraud Options by Acquiring Greenway

In a strategic move to enhance its cybersecurity portfolio, Washington, D.C.-area based NeoVera has acquired Greenway Solutions, a Charlotte-based adversarial fraud testing company. Greenway specializes in simulating fraud scenarios within production environments to identify vulnerabilities that could be exploited by cybercriminals. This acquisition enables NeoVera, which serves diverse financial institutions, to offer Greenway’s high-end fraud testing capabilities to both large and small banks. The collaboration seeks to address rising fraud threats by fostering greater unity between CISOs and fraud risk managers, traditionally operating in silos. By leveraging Greenway's capabilities, NeoVera intends to tailor research and fraud detection solutions for regional banks and credit unions, using automation and cost-efficient pricing strategies. Furthermore, NeoVera plans to streamline and simplify Greenway's service offerings while focusing on top fraud concerns like account takeovers and unauthorized transfers. This strategic acquisition aligns with NeoVera's goal of expanding into emerging risk areas through cloud security and business tech advisory services.