Protectt.ai Introduces AppBind Enabling Zero Trust Device Binding for Mobile Banking Apps

Protectt.ai has announced the launch of yet another innovative product AppBind that enables Zero Trust Device Binding for Mobile Banking Apps. The MTD cyber security startup also announced the opening of a new office in Mumbai, extending its expansion momentum.

AppBind, the first-of-its-kind easy-to-plug-in solution to offer the much-needed safe and secure mobile banking experience with advanced mobile device binding technique, will assist banking app providers in providing their end-users with a ‘peace of mind’ experience.

AppBind from Protectt.ai is based on the Zero Trust principle, which entails advanced monitoring of each user across numerous dimensions. The Reserve Bank of India has ordered the implementation of security measures such as device binding for mobile banking apps. Banking service providers will be able to combat the growing threat of mobile banking app-based cyber fraud while remaining compliant with regulatory standards with a zero trust device binding mechanism in place.

With India adopting the status of a mobile-first digital banking ecosystem, there is an urgent need for a comprehensive and foolproof mobile banking app security solution. AppBind will validate the user during registration using Protectt.ai’s innovative proprietary technology.

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.”

With the opening of the new Mumbai site, Protectt.ai aims to maintain the expansion momentum obtained as a result of its rapid traction and growth. The establishment of a Mobile Security Product Innovation Center in Chennai was recently announced by the company.