MODERN BANKING SYSTEMS DATA SECURITY
Protect Data Across Hybrid and Cloud Banking Environments
Data-Centric Security and Modern Banking
In modern banking, managing vast amounts of sensitive data, including financial transactions and customer details, is crucial. To remain competitive, banks are adopting cloud-based solutions and forming external partnerships that better leverage data's potential. Yet, this strategic shift presents challenges for banks' risk and compliance frameworks, particularly in meeting data protection and privacy regulations.
Comforte offers cutting-edge data-centric security to accelerate banking modernization and streamline cloud adoption. By fully leveraging data potential, banks can then drive customer value and innovation through AI/ML and other technologies while ensuring regulatory compliance and trust in data management. In addition, our approach mitigates risks, enhances security, and streamlines operations, reducing costs and administrative burden.
Key benefits
Data-centric security addresses risk and compliance roadblocks encountered in bank modernization projects. The approach means banks can securely move pre-protected data to the public cloud, facilitating innovation and value creation while avoiding reliance on fragmented security approaches.
Format-preserving tokenization unlocks the untapped value from data when using new technologies without increasing risk. This means banks can securely and compliantly enhance operational processes and ultimately deliver superior experiences for customers.
Comforte's patented data-centric security technology enables secure data utilization for processing, analysis, cloud migration, and third-party sharing, while mitigating risks and ensuring regulatory compliance. This de-risks data-driven strategies for banks, unlocking valuable insights and maximizing data value.
Simplify compliance efforts and ensure secure data transmission with comforte's robust and consistent data-centric security measures. Our technology enables banks to overcome data sovereignty obstacles by protecting data and ensuring that only compliant data is transmitted across jurisdictions.
Comforte's data-centric security approach enables banks to meet the stringent regulatory demands of PCI DSS v4.0, which includes requirements for protection, access controls, configurations, and audits. Our technology ensures that primary account numbers (PANs) are unreadable wherever they're stored, which can be achieved through both encryption and tokenization. With comforte, banks can be confident in their ability to comply with the latest PCI DSS standards.
Proof and Success
Major Indian Bank Implements Data-Centric Security and Meets PCI DSS Compliance
One of the largest banks in India that serves over hundreds of millions of customers across thousands of locations has adopted data centric security. The company operates extensively with PANs—personal account numbers—as well as other types of personal data for their financial operations and organizational objectives.
Cross-regulatory Compliance for Payment Service Providers - How to Find the Right Strategy
Strategy whitepaper for PSPs that must comply with a slew of data protection regulations from various geographies. Learn how data-centric security helps manage the overlapping requirements of PCI DSS, GDPR and many other data privacy regulations.
Bankart meets PCI and GDPR Data Protection Requirements
Tokenisation offers protection without the performance pitfalls of classic encryption by preserving the format and utility of the protected data so that business applications and analytics can operate on tokens rather than sensitive data in the clear.
