November 30th, 2016, Israel. BenGurion University of the Negev (BGU) and PayPal announced a new partnership this morning in order to conduct joint research and development in the fields of big data, machine learning, and cyber security. It is the first such collaboration between PayPal and an Israeli university.
"This partnership will allow PayPal to leverage BGU’s topnotch researchers and years of groundbreaking research", stated Matan Parnes, PayPal's General Manager in Israel. "The collaboration with BGU will further strengthen PayPal’s global leadership in the use of machine learning and big data for cyber security, fraud detection and risk management, allowing us to continue to offer the most cuttingedge technologies that enable safe payments to more than 192 million customers worldwide" added Parnes.
Prof. Dan Blumberg, BGU VP & Dean for R&D remarked, “We are happy to extend our relationship with PayPal and help them safeguard the privacy of their hundreds of millions of clients. BGU is a recognized global leader in cyber security, big data and machine learning research and we look forward to putting that expertise to work to meet the unique challenges posed by PayPal’s needs.”
"BeerSheva has become a global cybersecurity hub in recent years, attracting major multinational corporations", explained Netta Cohen, CEO of BGN Technologies, "PayPal’s presence there allows it to tap into this ecosystem’s cuttingedge technology and top talent," adds Prof. Blumberg.
About Ben Gurion University
Ben Gurion University of the Negev is the fastest growing research university in Israel, fulfilling the vision of David BenGurion, Israel’s first prime minister, who envisaged the future of Israel emerging from the Negev. From medicine to the humanities to the natural sciences, BGU conducts groundbreaking research and offers insightful instruction. The University is at the heart of BeerSheva's transformation into the country's cyber capital, where leading multinational corporations leverage BGU’s expertise to generate innovative R&D. A third of Israel’s engineers graduate from BGU, with that number destined to rise as the IDF moves south and sends its brightest to swell the ranks of BGU’s student body. To accommodate that growth, BGU has launched an ambitious campaign to double the size of its main campus. As it counts up to its fiftieth anniversary, the University's research becomes ever more relevant as its global reach broadens. www.bgu.ac.il