- With nations swiftly adopting and evolving data localization laws, the solution addresses the increasing concern over consumer data and national security.
- The Borderless Data Solution is a first-of-its-kind cross-border data protection solution that provides the resources required to restore business-critical cross-border data flows.
Protegrity USA Inc., a data security and privacy firm, announced the introduction of new secure, compliant cross-border data flows solution for huge, international businesses.
In an increasingly unstable and disjointed global privacy regulatory environment, the Protegrity Borderless Data Solution brings together a collection of data security tools to support banks, retailers, and health insurers in continuing to reap the rewards of their globalization investments.
With nations swiftly adopting and evolving data localization laws, the solution addresses the increasing concern over consumer data and national security. However, limiting data flows significantly lowers global trade, slows operational output, and drives up costs across the board for all data-dependent sectors. Businesses are forced to duplicate costly infrastructure and limit data sharing and collaboration, which are essential for fostering innovation and growth when sensitive data cannot traverse international boundaries.
Paul Mountford, Chief Executive, said, “Cross-border data flows are the cornerstone of our rapidly digitizing global economy. Data localization requirements, however well intended, put global innovation – which brings benefits to people everywhere – at risk. Protegrity’s Borderless Data Solution helps enterprises put their cloud strategies back on track, expedite their growth plans, and turn privacy from an inhibitor into a business accelerator.”
According to the company, the Borderless Data Solution is a first-of-its-kind cross-border data protection solution that provides the resources required to restore business-critical cross-border data flows. With an easy-to-implement application programming interface and frictionless app onboarding, support is offered for centrally managed services, federated and isolated jurisdictions.
By restoring safe cross-border data flows, Protegrity’s Borderless Data Solution allows businesses to cut costs by doing away with duplicate infrastructure, eliminating the need for third-party data processors, and streamlining and scaling compliance through an API. Giving businesses the tools to create enhanced personalization and loyalty programs that foster customer loyalty and confidence improves customer experience.
By creating new products and services, the service allows businesses to generate new revenue streams. The business claims that by doing this, it can quickly enter new markets and work successfully with partners, vendors, and their supply chain.
Protegrity, a privately held company founded in 2004, has five of the nine biggest US banks, four of the top eight US health insurers, and one of the top two global credit card issuers among its clients. By transforming data security into an accelerator for global digital transformation, it hopes to increase its market presence through releases like its Borderless Data Solution.