Futurex: Leading the Charge in Data Security Solutions

In an increasingly connected world, securing sensitive consumer data, at rest or during transit between devices, is business critical. Cryptography, algorithms that transform messages in ways that are hard to decipher, and Tokenization, a process by which a piece of sensitive data is replaced by a surrogate value, offer breach-proof ways to secure consumer data and privacy.

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With encryption and Tokenization as enablers, innovations such as Contactless Payments, P2P transfers, and Digital Banking are already disrupting age-old practices and delivering compelling value to stakeholders across the transaction lifecycle.

 

Futurex is at the heart of this ongoing disruption.

 

For over 40 years, Futurex has remained the trusted global provider of hardened enterprise-class data security solutions. Over 15,000 business and financial organizations use the company’s innovative cryptography and tokenization solutions to address mission-critical data encryption and key-management needs.

 

Futurex serves Indian customers across BFSI, E-Governance, Retail, Telco, and Automobile sectors, securing high value transactions. Some of the large enterprises and fintech as major clients have joined in the rapidly growing customer base for Futurex in India.



The cloud has helped alleviate cost and management concerns related to cryptographic infrastructures. As per IDC estimates, the security market in India, which includes hardware, software, and services, is projected to be valued at $2.51 billion in 2022. It is expected to reach $4.16 billion by 2026. BFSI leads the market adoption with a 40% share, followed by Government, Telco, and enterprise sectors with 30%, 20%, and 10% shares.

 

Futurex is the only company to offer cloud-based hardened enterprise-class data encryption solutions locally in the South Asian region. Futurex Cloud HSM solutions help organizations migrate their aging cryptographic infrastructures from end-of-life legacy solutions. Customers can access a FIPS 140-2 certified, cloud-based cryptographic infrastructure in India to fulfil regional data residency and other compliance mandates at better ROI compared to similar setup on-premise. The company offers this service through its 13 PCI-certified data centers worldwide, making it easy for customers to scale their cryptographic infrastructure globally on demand.



In India, Futurex has its data centers in Mumbai and Hyderabad. Customers accessing the services via its local data centers gain a competitive edge due to faster data processing and transaction speeds.