Case Study: a P2P lender turned bank launches its mobile app securely with Promon

a p2p lender turned bank launches its app on time with Promon and meets banking compliance

A peer-to-peer (P2P) lending company that transitioned to a full-service bank faced the challenge of securing its new mobile banking application. With no prior app protection, the bank needed a robust solution to meet strict regulatory requirements and defend against threats like fraud and device tampering for a successful launch. They turned to the vendor Promon for a solution, ultimately using Promon SHIELD for app protection.

Promon provided a comprehensive security solution, including Promon SHIELD to prevent reverse engineering and root/jailbreak detection to secure compromised devices. The solution was noted for its ease of integration, allowing for rapid deployment. As a result, the bank achieved regulatory compliance, enhanced its security posture, and successfully launched its app, with the product team providing positive feedback on the implementation.