Large Retail Banks
Type of Data
Bank Statement Data, Withdrawals, Deposits, Loan and Credit History
Summary of Pain Point
Banks want to share their data with Fintechs, who may offer services like advanced loan worthiness algorithms.
Fintechs need bank data to improve their offerings, not only to banks but to other consumers or businesses.
Banks are not incentivized to share that data today, with the present regulatory risks and liabilities. Data transactions typically require developing trust with a vendor, which is expensive and takes time.
Summary of TripleBlind’s Solution
TripleBlind can allow the Fintechs to use bank data to provide insights back to the banks themselves and to better train their AI models or develop new products.
Neither party takes on the risk and liability of a potential data breach. Banks can work with multiple vendors at the same time using our privacy enhancing technology,
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TripleBlind’s innovations build on well understood principles of data protection. Our innovations radically improve the practical use of privacy preserving technologies, by adding true scalability and faster processing, with support for all data and algorithm types. We support all cloud platforms and unlock the intellectual property value of data, while preserving privacy and enforcing compliance with HIPAA and GDPR.