“We’re democratising access to the TEE,” Trustonic’s product director Leo Machado tells FinTech Futures. “[Our solution] brings the capability [to create a secure mobile payments app] to literally anybody”. Machado estimates that Trustonic’s newly EMVCo-certified platform will make mobile app development for third parties around 50% cheaper and faster.
“Developers need to know that hardware no longer limits innovation,” says Trustonic
By building a payments app within a TEE, developers can guarantee that the code and data loaded inside it are protected and remain confidential. When Trustonic started out in 2012, it soon acquired customers including Samsung Pay, LG Pay, AliPay and WeChat, protecting things like their biometrics systems.
But as these companies expanded exponentially, they decided to build their own in-house solutions for only their individual use.