Appknox and CredShields Unite to Safeguard Fintech Innovation and the Converging Digital Economy
New partnership delivers unified security across mobile apps, APIs, digital assets, and blockchain platforms as Saudi Arabia and the UAE lead the charge toward cashless, digital-first ecosystems.
Appknox, a mobile application security company, today announced a strategic partnership with CredShields, a leading AI blockchain security firm, to provide full-stack security spanning Web3, mobile, and cloud ecosystems. The partnership addresses surging demand for secure infrastructure in fintech, Web3, and enterprise mobility markets across the GCC and beyond.
By combining Appknox’s expertise in mobile application and API security with CredShields’ AI-powered blockchain and smart contract security capabilities, the companies are addressing the converging needs of fintech, enterprise mobility, and decentralized platforms with a unified security approach that empowers organizations to treat security as a catalyst for growth rather than a compliance checkbox. By offering enterprises a single, end-to-end security service that eliminates the fragmented, siloed solutions that often leave critical gaps, the partnership aims to ensure developer-first protection across the entire application lifecycle.
Subho Halder, CEO & Co-Founder of Appknox.
“Saudi Arabia and the UAE are shaping the global blueprint for fintech and digital assets, and security must be the backbone of that transformation,” said Subho Halder, CEO & Co-Founder of Appknox. “Our partnership with CredShields provides unified protection across mobile, API, and Web3 platforms, giving digital-first enterprises the confidence to innovate and scale in the cashless economy.”
“The rise of digital assets, cryptocurrency payments, and decentralized finance demands a new standard of trust,” said Shashank, Co-Founder & CEO of CredShields. “By uniting our Web3 security expertise with Appknox’s proven leadership in mobile security, we’re enabling fintech ecosystems to move beyond fragmented tools and embrace holistic, future-ready security.”
This partnership arrives at a pivotal moment in the GCC’s digital transformation journey. In 2025, the GCC fintech industry is projected to reach $9.6 billion and expand to $32.9 billion by 2033, growing at a robust CAGR of 16.7%. While cashless cryptocurrency payments, mobile and Web3 wallets, and real-time transactions accelerate adoption, they also expand the attack surface across mobile applications, APIs, smart contracts, and cloud-native systems.
Last year alone, blockchain-related hacks resulted in over USD 2 billion in losses, with 55% attributed to smart contract vulnerabilities. Traditional audits, often slow and costly, leave many innovators exposed to evolving threats. By offering scalable, unified protection across Web3, mobile, and cloud ecosystems, Appknox and CredShields are ensuring that fintech and digital assets in the GCC can grow with confidence, resilience, and compliance, supporting the region’s vision of a cashless, digital-first future.
