Protectt.ai, a fast-growing Mobile Threat Defense (MTD) start-up is revolutionizing the mobile security space with its research and Mobile RASP (RunTime Application Self Protection) based solutions for safe Mobile Banking. The firm announced the launch of yet another innovative product AppBind which enables Zero Trust Device Binding for Mobile Banking Apps. The MTD cyber security startup also announced the inauguration of a new Office in Mumbai thereby carrying forward its expansion momentum.
AppBind, the first-of-its-kind easy-to-plug-in solution to enable the much-required safe and secure mobile banking experience with advanced mobile device binding technique, will help banking app providers to assure a ‘peace of mind’ experience to their end-users.
AppBind from Protectt.ai is designed on the principle of Zero Trust that involves advance scrutiny verifying each user on multiple parameters. The banking regulator, the Reserve Bank of India has mandated the introduction of security measures including device binding for mobile banking apps. With zero trust device binding mechanisms in place, banking service providers will be able to curb the growing menace of mobile banking app-based cyber frauds as also staying compliant with regulatory expectations.
With India assuming the status of a mobile-first digital banking ecosystem, there is a pressing need for a comprehensive and foolproof mobile banking app security solution. AppBind will validate the user during registration through Protectt.ai’s innovative proprietary technology.
On the launch Manish Mimani, Founder & CEO, Protectt.ai said, “Our endeavor is to serve as a trusted and best-in-class MTD partner for the country’s burgeoning mobile banking app and transactions business segment. With Protectt.ai AppBind solution, we are taking this evolution to the next level by aiming at the wide-ranging benefits of a Zero Trust model. We are confident that the Indian Banking services segment will immensely benefit from our latest and pioneering innovation.”
As for the new Mumbai facility inauguration, Protectt.ai aims to carry forward the expansion momentum gained basis its precipitous traction & growth. The company recently announced the launch of its Mobile Security Product Innovation Center in Chennai.