Protectt.ai offers a Mobile App Security Platform that utilizes Runtime Application Self Protection (RASP) and Zero Trust Device & SIM Binding to safeguard mobile banking applications from malware, fraud, and identity theft. The platform provides real-time threat monitoring and compliance with global regulatory standards, ensuring secure financial transactions and enhanced user protection.
Funding
$8.8M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Mobile banking applications are increasingly targeted by malware, fraud, and identity theft, leading to financial losses and reputational damage for financial institutions. Traditional security measures often fail to protect against sophisticated attacks, especially those targeting vulnerabilities at runtime. Moreover, compliance with evolving global regulatory standards adds complexity and cost to mobile app security.
Solution
Protectt.ai offers a comprehensive Mobile App Security Platform that utilizes Runtime Application Self-Protection (RASP) and zero-trust device and SIM binding to protect mobile banking applications. The platform provides real-time threat monitoring, detection, and prevention against a wide range of attacks, including malware, reverse engineering, and app tampering. By creating a unique digital identity for each mobile app user through device and SIM binding, Protectt.ai prevents identity fraud executed through SIM swapping, SMS spoofing, and data theft. The platform's extended detection and response (XDR) features provide enhanced visibility and control over mobile app security, enabling organizations to comply with global regulatory standards and ensure secure financial transactions.
Target Audience
The primary target audience includes banks, financial institutions, insurance companies, NBFCs, and government organizations that require robust security for their mobile banking and payment applications.
Features
- Runtime Application Self-Protection (RASP) to detect and block attacks at runtime
- Zero-Trust Device & SIM Binding to create a unique digital identity for each user
- Real-time threat monitoring dashboard for proactive security incident detection and response
- Protection against reverse engineering and app tampering through code obfuscation
- Detection of rooted and jailbroken devices, unsecured networks, and malicious apps
- Prevention of Man-in-the-Middle attacks and SSL stripping
- Mobile fraud control features, including detection of keyloggers, screen sharing apps, and juice jacking
- Compliance with RBI, NPCI, SEBI, PCI DSS, GDPR, MAS, HKMA, OWASP, and NIST standards
- Integration with DevSecOps for secure development and deployment