Data security and privacy company Protegrity USA Inc. today announced the launch of a new secure, compliant cross-border data flows solution for large global enterprises.

The Protegrity Borderless Data Solution brings together a suite of data security tools designed to help banks, retailers and health insurers continue to reap the benefits of their investments in globalization in an increasingly unstable and fragmented global privacy regulatory landscape.

The solution addresses the growing concern over consumer data and national security, with countries rapidly adopting and evolving data localization regulations. However, restricting data flows measurably reduces global trade, slows operational productivity and increases prices for all industries that rely on data. When sensitive data can’t cross borders, businesses must duplicate expensive infrastructure and restrict the data sharing and collaboration that are fundamental to driving innovation and growth.

“Cross-border data flows are the cornerstone of our rapidly digitizing global economy,” said Chief Executive Paul Mountford. “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.”

The Borderless Data Solution is claimed to be a first-of-its-kind cross-border data protection service that offers the tools necessary to reinstate business-critical cross-border data flows. Support is provided for centrally managed services and federated and isolated jurisdictions, with an easy-to-implement application programming interface and frictionless app onboarding.

By re-establishing secure cross-border data flows, Protegrity’s Borderless Data Solution enables enterprises to take costs out of business by eliminating third-party data processors, removing the need for infrastructure duplication and simplifying and scaling compliance through an API. Customer experience is improved by enabling enterprises to build enhanced personalization and loyalty programs that drive customer trust and retention.

The service enables enterprises to deliver new revenue streams by developing new products and services. In doing so, the company says, they can collaborate effectively with partners, vendors and their supply chain and rapidly enter new markets.

Founded in 2004, Protegrity is privately owned and counts among its customers leading multinational companies, including five of the nine largest U.S. banks, four of eight U.S. health insurers and one of the top two global credit card issuers. Through releases such as its Borderless Data Solution, it aims to expand its market presence by turning data security into an accelerator for global digital transformation.

Image: Protegrity