Interview with mobile tech innovator FINANTEQ
Andrzej Sierpiński, Managing Director
Hi Andrzej, could you briefly introduce yourself and FINANTEQ?
My name is Andrzej Sierpiński, and I am Managing Director at FINANTEQ, an award-winning company specializing in mobile banking. We were one of the first companies in the world to create a native mobile banking application, and have worked with several major banking groups in Poland and the Middle East. Most of these remain our clients, benefitting from our experience and outside the box thinking. We also create mobile banking components, easily integrable products that enrich banking apps, and help our clients become digital leaders.
Why did you decide on application shielding?
We provide our clients with the best possible mobile banking experience, and by taking security seriously we build trust. We decided on application shielding because there were some areas we felt needed additional protection.
Any particular trends in the banking industry driving the need for stronger app security?
Banking is going mobile, there is no doubt about that. As the economy and financial system become more digitised, cyber risk is growing in importance. As an industry, we are clearly seeing the rise in mobile platforms, but so do people with malicious intent. During the Covid-19 pandemic, financial institutions have been at the leading edge of the response to cyber risk. There has been a sharp increase in attacks on mobile banking apps all over the world, so we felt an obligation to keep our clients safe.
Promon SHIELD™ is one of the best security solutions on the market, and yet so easy to integrate. The customer support has been very impressive as well.Andrzej Sierpiński, managing director at finanteq
Why did you choose Promon SHIELD™?
Following a thorough search, and extensive testing, we decided on Promon SHIELD™. Not only does it cover all the basic features we’re looking for, it actually exceeded our expectations. The customer care and responsiveness of the Promon team has also been second to none. We did some POC demonstrations to show our clients the scale of the security features. These tests have proven that Promon Shield is a solution that adds another layer of security despite using OWASP in the application development process. We are in discussions with several clients to protect their applications.
Any product features that really stood out for you?
For me, it was the ease of integration coupled with a vast range of security mechanisms. The flexibility of Promon SHIELD™ was another differentiating factor.
What have you been most impressed with?
Promon SHIELD™ is one of the best security solutions on the market, and yet so easy to integrate. The customer support has been very impressive as well.
Can you tell us a bit more about Promon’s integration process?
Promon provided us with all necessary tools, accompanied by complete technical documentation describing use cases and possible configurations. We also received a proposed configuration file containing a set of recommended options. We could count on their professional support in every stage of the project.
Promon is an application shielding company that works with global Tier 1 companies across a wide range of industries, including financial services, healthcare and the public sector. The company’s technology is research based and originates from internationally recognised research environments at SINTEF and the University of Oslo. Promon was founded in 2006, and is headquartered in Oslo, Norway.
FINANTEQ is a software and consulting company focused on mobile finance. They provide complete mobile solutions as well as ready to integrate add-on platforms and components for the mobile channel. According to Deloitte, FINANTEQ is ranked among top fintech companies in Poland. Their innovations have received awards in prestigious global competitions such as Finovate New York and Citi Mobile Challenge.