Mumbai – 8th Jan, 2021 – INKA Entworks will support Indian data localization compliance requirements for fintech companies by hosting its mobile app security solution AppSealing in Amazon Web Services (AWS) Asia Pacific (Mumbai) Region. Following the European Union’s General Data Protection Regulation, governments across the world have mandated, or are evaluating regulation to exercise control over how data is stored within countries and mirrored across regions. By hosting AppSealing in AWS’s Mumbai infrastructure region, INKA Entworks now offers its global customers, operating in India, a layer of additional risk compliance and high security protection for its application.
Indian regulators such as the Reserve Bank of India (RBI), the National Payment Corporation of India (NPCI), the Insurance Regulatory and Development Authority (IRDA), and the Securities and Exchange Board of India (SEBI) regularly issue security-related guidelines which companies in financial services, insurance, banking, and health sectors need to follow carefully. While large organizations such as Mastercard, VISA, American Express, among others are able to fulfil governmental requirements, smaller companies and start-ups are challenged to meet continuous regulation requirements to protect their customer data. AppSealing fills this gap by offering both large and small companies the highest of industry security standards with the release of an India service that allows them to meet data localization and privacy-related rules in India.
James Ahn, CEO of INKA Entworks, the holding company of AppSealing service, explains how AppSealing will help financial companies follow data localization regulations while using its security services in India: “We have discussed with multiple financial service companies and relevant regulators to understand exactly what is needed to support the existing and prospective regulations and were able to build AppSealing India service, which is running on AWS in the AWS Asia Pacific (Mumbai) Region. It meets current Indian-specific rules on data localization.”
Govindraj Basatwar, Head of Global Business for INKA Entworks, says, “Financial services companies operating in India use AWS to host their mobile apps and data. The AppSealing India offering is compliant with data localization rules and PII requirements for Indian banks and financial services entities in India. It securely stores mobile apps and any data within India region and does not collect any PII data. It has also received information security management certification ISO 27001/2013, ISO 27017/2015, and ISO 27018/2019 certifications.”
The tech sector in India is rapidly expanding, particularly for companies that offer financial services through easy-to-use mobile apps. With ease of use comes the dangers of devices hacking, and attacks on app codes, servers, and network traffic. AppSealing offers protection against existing and emerging threats through its runtime application self-protection (rasp security) technology and other security features.
About INKA Entworks:
INKA Entworks was started in 2000 in Seoul, South Korea, and offices in Mumbai and Los Angeles, USA provide cutting-edge security technologies. We provide content and mobile app security technologies to global customers to protect their assets and business models from growing security threats. We have built robust and innovative security solutions that are easy and fast to deploy at an affordable price to protect valuable assets and businesses from Indie studios to Enterprise-class customers.
AppSealing is a trusted player in the world of mobile application security. In today’s application-focused world, security can’t slow down your speed of development. We utilize runtime application self-protection features to build scalable security solutions for your mobile apps business in quick time without ‘ANY CODING’. Our powerful security suite ensures real-time in-depth application security like source code protection, anti-reverse engineering, cheat tool & emulator detection/blocking, and enforces app integrity. It protects 800+ mobile apps with 1 billion+ active devices, successfully blocking 150 million+ threats across the globe. Our esteemed clientele spans across Gaming, Fintech, Movie apps, E-comm, Healthcare, and O2O.