Seattle, April 3, 2024–(BUSINESS WIRE)–PortX, a leading provider of integrated technology for financial institutions known for its pioneering Integration-Platform-as-a-Service (IPaaS), today announced We announced a strategic partnership with leading innovator eXate. and protection solutions. This groundbreaking collaboration aims to strengthen financial data security and regulatory compliance across the banking sector, with a particular focus on strengthening data protection for financial institutions' increasingly complex data ecosystems. .
Through this partnership, PortX will integrate eXate's data protection platform into its robust IPaaS solution, providing financial institutions with a powerful toolset for comprehensive data security and compliance management. This collaboration addresses the pressing need for increased data protection in the financial industry, enabling institutions to securely manage sensitive information while complying with global data protection regulations.
The eXate platform sits at the intersection of data privacy, data protection, data residency, and fine-grained access control to protect data at rest, data in motion, and data in use. Its innovative technology implements and enforces data privacy by default, giving organizations faster access to data while reducing the risk of leaks, misuse, and non-compliance. eXate effectively strengthens data protection, enabling financial institutions to maintain the highest standards of data security and compliance.
“Our partnership with eXate aligns with PortX's mission to provide secure and innovative solutions that drive efficiency and compliance in the financial sector,” said PortX CEO David Wexler. “eXate's unparalleled expertise in data protection and its comprehensive platform enables our clients to easily address complex data security, ensuring sensitive information is always protected and regulatory requirements are met seamlessly. That is guaranteed.”
The eXate Data Protection Platform powers PortX's IPaaS solution by targeting common data distribution and ingestion points for fast, cost-effective implementation. This integration enables financial institutions to capture policies, automatically classify data, and efficiently implement robust safeguards.
“We are excited to announce our partnership with PortX, which leverages our advanced data protection platform to create a secure and compliant financial ecosystem,” said Peter Lancos, CEO and co-founder of eXate. ”. “With more than two-thirds of the world's population subject to data protection regulations and consumer demands for data privacy at an all-time high, this partnership will help organizations stay on top of current data privacy. “This represents an important milestone in moving forward.” ”
About Portox
PortX is an integrated technology company focused on financial services infrastructure that provides open access to core data to enable rapid project delivery, innovation, and optimal customer experiences. Our solutions facilitate interoperability between internal systems and member services such as online banking, credit reporting, and mortgage and loan applications, giving you a real-time, 360-degree view of your customers. We help financial institutions connect their teams to fintech partners and their real-time payment networks such as Zelle®, ACH, Fedwire, and Mojaloop. For more information, visit portx.io and connect on LinkedIn.
About EXATE
eXate is a distributed software platform that enhances data privacy, data protection, and dynamic attribute-based access control (ABAC) by incorporating centralized management into a common data ingestion and distribution point. With fine-grained access controls and the ability to enforce the principle of least privilege, eXate can automatically enforce data policies and control the flow of sensitive data within the enterprise and across geographic boundaries. To learn more, visit exate.com and connect on LinkedIn.
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contact address
brad allen
PR@portx.io