This was originally posted here.
Data compliance continues to be a major challenge for global organizations. At InCountry, we live and breathe compliance. It is in our foundation that we treat compliance as an ongoing dynamic effort. As a compliance-first company, we made it a habit to practice what we preach. All InCountry employees take compliance with the utmost importance and recognize its impact on our business and customers. We recognized this early on and embarked on the journey to pursue SOC 2, HIPAA and PCI DSS as part of launching the company itself last year.
This week, we were pleased to announce that InCountry has achieved SOC 2 Type II, HIPAA and PCI-DSS. We are particularly proud by the speed of achieving such a milestone and of our compliance, operations and engineering teams for the discipline and dedication they’ve shown throughout this process. With the leadership of our chief compliance and security officer, Renné Devasia, they’ve set InCountry and our customers on a path to succeed. They have committed to achieving this milestone at a record speed and got it done.
What does this mean for your business?
- Your data is processed with confidentiality and integrity, and is secured with the highest privacy and data protection controls in place.
- Our security controls, software and infrastructure, are maintained at the highest industry standards.
- Your data is kept in secure, robust and redundant facilities.
In addition to this news, we are launching new industry solutions to help customers with their expansion plans and particular regulated data that rely on these compliance frameworks.
In an increasingly competitive market, emerging markets represent a significant growth opportunity for banks and other financial services organizations. InCountry Finance helps financial services businesses quickly comply with data residency regulations. These organizations have been looking for new markets to expand into, but data residency looms over and threatens such plans. In fact, in a recent survey; financial services companies were asked what the biggest data management challenges across public, private and on-premises, the number one challenge was managing data controls across multiple datasets in multiple locations. InCountry Finance helps mitigate these challenges and allow these institutions to focus on expanding their business and develop a closer digital relationship with their clients, creating new enhanced revenue streams.
As much as 30% of the entire world’s data volume is generated in the healthcare industry. Digitalization has reached every aspect of life today and is about to change how we as a society provide and consume healthcare services, anywhere in the world. The healthcare industry (providers, payers, life sciences and medical devices) is in the midst of a seismic shift that emphasizes better outcomes and enhanced choice to consumers. InCountry Health allows companies to securely store health and medical data in compliance with local government regulations and allows you to implement and enforce your own policies and procedures. InCountry Health ensures your protocols for handling sensitive information meet local compliance standards and regulations.
Today, businesses are creating new strategies for acquiring and retaining customers, and new methods of exchanging payments are in the center of that. They are exploring emerging technologies and expanding into new global regions to be where the customer is and ensure an engaging and seamless payment experience. As businesses are expanding into these regions, they must accommodate for regional payment types, buyer preferences, and regulations. They might also need to forge new banking relationships and implement a localized payment infrastructure where they currently are and for each new country they enter. Failure to comply with payment regulations can delay adopting new technologies, slow market entry and impact profitability. With InCountry Payment, customers can securely store payment card data in compliance with local government regulations and industry standards like PCI DSS.
Our customers are excited
So much has happened since our company’s launch less than a year ago. We’ve been very encouraged with customers feedback and how excited they are about the progress we’ve made in such a short period of time. The regulatory landscape and especially data residency is evolving every day and is having a real effect on companies’ bottom line. We’re happy to be leaders in the industry and help companies with these issues. We’re excited to invite more people to learn about InCountry and join with us to build a more compliant internet.