Protectt.ai, a fast-growing Mobile Threat Defense (MTD) startup, is revolutionizing the mobile security space with its research and solutions based on Mobile RASP (RunTime Application Self Protection) for secure mobile banking. The company announced the launch of another innovative product, AppBind, which enables Zero Trust device binding for mobile banking apps. Cybersecurity startup MTD also announced the inauguration of a new office in Mumbai, continuing its expansion momentum.
AppBind, the first-of-its-kind, easy-to-plug solution to enable the much-needed safe and secure mobile banking experience with advanced mobile device binding technique, will help banking application providers deliver a “peace of mind” experience. to their end users.
Protectt.ai’s AppBind is designed on the principle of Zero Trust which involves a thorough preliminary examination verifying each user on several parameters. The banking regulator, the Reserve Bank of India, has mandated the introduction of security measures, including device linking for mobile banking apps. With Zero Trust device bonding mechanisms in place, banking service providers will be able to reduce the growing threat of cyber fraud based on mobile banking apps while remaining compliant with regulatory expectations.
As India assumes the status of a mobile-first digital banking ecosystem, there is an urgent need for a comprehensive and foolproof security solution for mobile banking applications. AppBind will validate the user upon registration through Protectt.ai’s innovative proprietary technology.
At launch Manish Mimani, Founder and CEO of Protectt.ai, said: “Our goal is to serve as a trusted and premier MTD partner for the country’s booming mobile banking apps and transactions business segment. With the Protectt.ai AppBind solution, we are taking this evolution to the next level by aiming for the extended benefits of a Zero Trust model. We are confident that the Indian banking segment will benefit immensely from our latest and pioneering innovation.
Coming to the inauguration of the new Mumbai facility, Protectt.ai aims to continue the expansion momentum gained on the basis of its rushed traction and growth. The company recently announced the launch of its Mobile Security Product Innovation Center in Chennai.