Tagged: data privacy

Axway Surveys Americans on Open Banking, Digital Trust Levels

Axway, a global API management and integration software leader, this week released the results of a consumer survey showing how they expect their personal data to be shared and secured. The 2023 survey polled 1,000 American adults about their expectations and top concerns about how… Read More

Fintech ForwardLane Introduces Generative AI Platform to Streamline Financial Services

ForwardLane, the provider of AI-powered intelligence solutions, announces today the launch of its new generative decision intelligence platform EMERGE “to help solve many enterprise challenges such as data transparency, data privacy and data security issues within the wealth, asset management and insurance industries.” Following conversations… Read More

AntChain Introduces Privacy-Preserving Computing Platform, Offering Data Privacy Protection Solution for AI Machine Learning

AntChain announced a new collaboration with Intel to launch AntChain Massive Data Privacy-Preserving Computing Platform (MAPPIC), a new privacy-preserving computing (PPC) platform that brings a data privacy protection solution for large-scale AI machine learning. As a Software-as-a-Service (SaaS) platform, MAPPIC is based “on the Trusted… Read More

Privacy Compliance Firm CYTRIO Launches Privacy-focused UX Platform

CYTRIO, a next-generation data privacy compliance company, introduced a comprehensive data privacy UX platform that includes consent and preference management, do not sell my information, Data Subject Access Request (DSAR) management, and policy templates in one data privacy compliance platform. Businesses of all sizes “can… Read More

Matrixport’s Cactus Custody Completes SOC 2 Type 1 Certification by Deloitte

Matrixport, one of the “largest” digital assets financial services platform, has announced that its institutional custodian service brand, Cactus Custody, has successfully “completed the SOC (System and Organization Controls) 2 Type 1 audit of its security and data privacy practices.” This certification “reflects Matrixport’s commitment… Read More

Cybersecurity: Chrome Extension Research Reveals 1 in 2 Extensions have Potential to Wreak Havoc

1 in 2 Google Chrome Extensions have potential to wreak havoc,” Incogni Research shows. Data removal company Incogni analyzed “the risk profiles of 1,237 Chrome extensions available on the Chrome Web Store.” The study reveals “that 1 in 2 Chrome extensions (48.66%) has a High… Read More

Featurespace Secures UK, US Govt Funding for AI Financial Crime Prevention Solution

Featurespace, which claims to be the leader in machine learning fraud and financial crime prevention technology, has secured funding from UK and US governments “to build a new type of artificial intelligence (AI) system to help banks and payments service providers (PSPs) detect financial crime… Read More

Mayo Clinic Among Triple Blind Series A Backers, Fiservs to Benefit From New Tech

TripleBlind, a private data sharing company that offers a proprietary cryptographically-enforced data privacy solution, this week announced it has received $24 million in an oversubscribed Series A funding led by General Catalyst and Mayo Clinic. This round follows TripleBlind’s pre-seed raise of $8.2 million announced… Read More

Canadian Open Banking Report Summarized

The Canadian government has released its report into open banking. Final Report: Advisory Committee on Open Banking is available here. The vision for a Canadian system should be governed by six outcomes: consumer data is protected; consumers are in control of their data; consumers receive… Read More

Middle East Fintech Firms to Operate Under New Guidelines from Abu Dhabi Global Market

The Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM) has provided an updated set of regulatory guidelines that are meant to serve as a framework to support the operations of Fintech companies. Many of these startups offer third-party services to clients of… Read More

Burak Yildirim from Global Fintech Adyen Explains how they Open-Source their Technology Stack and Build Secure Financial Solutions

Payments platform Adyen (AMS: ADYEN) explains that their approach to engineering and development involves open-sourcing their technology stack or building various solutions in-house. Burak Yildirim, Team Lead, Adyen, writes in a blog post that being the most “money-involved domain” of Fintech, payment processing platforms such… Read More

Ontology and Litentry, a Blockchain enabled ID Management Layer, to Support Decentralized ID and Credit Scoring Solutions

The developers of blockchain platform Ontology have teamed up with Litentry in order to accelerate the adoption of decentralized identity and credit scoring solutions (both created by Ontology). Through the partnership, both organizations aim to offer greater data privacy and transparency to people using digital… Read More

Chainlink’s Decentralized Oracles to Support Privacy-preserving Blockchain based Apps Implemented on Oasis Network

The Oasis Foundation, which supports the development of the Oasis Network and its ecosystem, has revealed that it will be integrating with Chainlink’s (LINK) “decentralized” oracles, in order to provide support for decentralized finance (DeFi) apps. The integration will also support privacy-oriented blockchain dApps implemented… Read More

IRISnet’s “Internet of Blockchains” to Use MKEY’s Smart Wallet and Digital Identity Solutions

IRISnet, which aims to serve as an interchain service hub for next-generation distributed applications, has teamed up with MYKEY, in order to bring MYKEY’s core technologies, including its Smart Wallet and digital identity, and also MYKEY’s ecosystem to IRISnet’s “internet of blockchains.” Through the partnership,… Read More

Open Banking Offers Accurate, Reliable Picture of Borrower’s Financial Situation, According to P2P Lending Industry Executive

The COVID-19 outbreak has accelerated the digital lending sector’s adoption of Open Banking policies and related technology, according to industry participants. The data-sharing initiative, which requires that banks share “anonymized” customer data with qualified third-parties (after obtaining consent from the owners of the financial data),… Read More

UK-based Applied Blockchain, an Enterprise DLT Solutions Provider, Secures £2 Million in Capital via Round led by QBN Capital

UK-based Applied Blockchain, an enterprise-grade blockchain or distributed ledger tech (DLT) solutions provider, has secured £2 million (appr. $2.5 million) in capital through a new funding round. The company’s investment round was led by QBN Capital, a Hong Kong-headquartered venture capital company. Applied Blockchain’s management… Read More

ABN Amro Contributes to Data Privacy Firm Privitar’s $80 Million Series C Round Led by Warburg Pincus

UK-headquartered Privitar, a data privacy company, has secured $80 million in funding through a Series C investment round led by Warburg Pincus. ABN Amro Ventures, the VC division of ABN Amro, the third-largest bank in the Netherlands, also took part in Privitar’s latest round. Accel,… Read More

AI and Blockchain Firm Points Technology Acquires Millions of Dollars in Funding via Round with Contributions from K2 Ventures Partners

Points Technology, an artificial intelligence (AI) and blockchain-focused firm, has reportedly acquired millions of dollars in funding through a Series A round. K2 Venture Partners, a Chinese venture capital firm, made the investment. Points Technology’s management said that the funds raised will be used to… Read More

Encryption as a Service Company StrongSalt Raises $3 Million in Seed Round from Valley Capital Partners

Data privacy company StrongSalt announced on September 26 that it closed a seed round from Valley Capital Partners. The “encryption-as-a-service” firm reportedly raised $3 million, in order to develop standardized encryption techniques for blockchain-based platforms. Supported by three encryption-related patents, StrongSalt is planning to launch… Read More

Baker & McKenzie Release Asian InsurTech Report: Orienteering a Regulations Labyrinth

Insurance companies in Asia are facing a “labyrinth” of regulations as they increase investment in the insurtech space, particularly in areas such as telematics, biometrics and big data, according to The Insurtech Revolution: Regulatory Updates and Innovative Evolution in the Insurance Sector, a new guide… Read More

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