TripleBlind Expands to South Asia and Australia for New Data Collaborations

Earlier this week, we were eager to announce our plans to expand to most of South Asia and Australia. We will enable enterprises to comply with the most current data privacy standards such as Singapore’s Personal Data Protection Act (PDPA) and the various data privacy and residency regulations in Indonesia, Malaysia and the broader SEA region. TripleBlind will initially be available through the ASEAN Financial Innovation Network (AFIN) API Exchange (APIX) Marketplace, a global cloud-based platform that enables financial institutions and fintech companies to discover one another on a curated global marketplace, design experiments collaboratively and deploy innovative solutions quickly at a lower cost. We have also joined the APIX Global Fintech Marketplace where a member can ideate on business problems and search for pre-built solutions. 

Additionally, to drive TripleBlind’s expansion into the Asia-Pacific region, we’re excited to announce that we brought in Alvin Tan as Director of Business Development, APAC. Alvin has nearly a decade of experience developing, executing and managing sales and business strategy in Asia, Australia and the U.S.

“Total worldwide data is expected to swell to 175ZB by 2025; the sheer volume of untapped data in the Asia-Pacific market has the power to create unprecedented growth opportunities for businesses around the world,” said Tan. “TripleBlind’s next-generation cryptographic, efficient and scalable data privacy and virtual clean room solution allows Asia-Pacific financial institutions and healthcare companies to stay compliant with different regulatory standards by preserving privacy and security of raw data.”

We look forward to the future as we extend our technology capabilities to different parts of the world working with different enterprises. We believe the opportunities TripleBlind has unlocked are endless. Just to name a few potential possibilities, we allow the ability for:

  • Fintechs to source data from competitive financial institutions to develop better financial crime detection algorithms.
  • Enabling insurance companies to develop more inclusive underwriting algorithms using the most granular data about a person without violating privacy.
  • Enabling banks to work with fintechs in a completely zero-trust manner, ensuring that the terms of the partnership agreements are provably enforced.
  • Biotech and healthcare AI companies to source richer, more diverse clinical datasets to develop sophisticated AI algorithms while respecting patient privacy.
  • Remote hospitals getting sophisticated diagnostic algorithms safely as well as more easily enforce compliance with local and regional privacy standards.

Our announcements don’t stop here, we have much more in the pipeline so be sure to keep tabs either on our website or Twitter and LinkedIn. In the meantime, if you’d like to learn more about TripleBlind’s offerings for the Asia-Pacific market, contact Alvin Tan at alvin@triplebilnd.ai or on LinkedIn.

We hope you’re having a great start to the new year!

TripleBlind Expands into Asia Pacific Press Release

TripleBlind Expands into Asia Pacific to Accelerate Data Collaboration Opportunities among Enterprises

New Data Privacy and Clean Room Solution Creates Growth Opportunities through Monetizing Highly Regulated Data, Available Now through AFIN’s API Exchange Marketplace; Names Alvin Tan, Director of Business Development APAC

KANSAS CITY, MO., Jan. 20, 2021TripleBlind, creator of a rapid, efficient and cost effective data privacy and clean room solution based on breakthroughs in advanced mathematics, announced today its solution is now available for enterprises operating throughout much of South Asia and Australia. TripleBlind enables enterprises to enforce the most current data privacy standards, such as Singapore’s Personal Data Protection Act (PDPA) and is initially available through the ASEAN Financial Innovation Network (AFIN) API Exchange (APIX) Marketplace.

“ASEAN economies are projected to double GDP between now and 2030, reaching $4 trillion, with 140 million new consumers and representing 16% of the world’s consumers,” said Riddhiman Das, co-founder and CEO of TripleBlind. “We see an outstanding opportunity to work with enterprises to leverage and monetize the regulated data they possess to take advantage of the opportunities this growth creates.”

TripleBlind Commits to APAC

Asia Pacific-based enterprises have recognized the possibilities of growing their business by leveraging all available data while working to comply with the increasingly complex and rigorous data protection and cybersecurity compliance required by different countries. The unique nature of TripleBlind’s technology platform allows organizations to stay compliant with PDPA, General Data Protection Regulation (GDPR) and other regional data residency regulations.

Alvin Tan: Director of Business Development APAC

Additionally, to drive TripleBlind’s expansion into the Asia-Pacific region, the company has brought in Alvin Tan as director of business development, APAC. Alvin has nearly a decade experience developing, executing and managing sales and business strategy in Asia, Australia and the U.S.

“Total worldwide data is expected to swell to 163ZB by 2025; the sheer volume of untapped data in the Asia-Pacific market has the power to create unprecedented growth opportunities for businesses around the world,” said Tan. “TripleBlind’s next-generation cryptographic, efficient and scalable data privacy and virtual clean room solution allows Asia-Pacific financial institutions to stay compliant with different regulatory standards by preserving privacy and security of raw data.”

Collaboration with AFIN’s APIX Marketplace

TripleBlind will initially be available through the APIX Marketplace, a global cloud-based platform that enables financial institutions and fintech companies to discover one another on a curated global marketplace, design experiments collaboratively and deploy innovative solutions quickly at a lower cost. It also includes the APIX Global Fintech Marketplace where a member can ideate on business problems and search for pre-built solutions.

How TripleBlind Works

IBM estimates that enterprises are unwilling to share 93% of their data with other companies for collaboration purposes due to government regulation and privacy concerns. TripleBlind turns this “dark data” into a valuable revenue source without introducing risk or liability, enabling novel AI/ML/analytics applications. TripleBlind allows enterprises to collaborate and gain new insights from regulated and private data, without decrypting it.

TripleBlind’s next-generation cryptographic, efficient and scalable data privacy and data clean room solution replaces the three most common workarounds to this problem today: complex legal contracts that stifle collaboration, data anonymization and identification solutions, and other technologies such as homomorphic encryption, differential privacy and secure enclaves.

Potential Market Benefits

TripleBlind’s rapid, efficient and cost effective data privacy and data clean room solution unlocks new opportunities in a wide range of applications, such as:

  • Competitive financial institutions can collaborate for mutual benefits such as developing better anti-money laundering and privately use each other’s data to achieve an overall reduction in fraud and attain higher levels of compliance,
  • Remote hospitals can now get sophisticated diagnostic algorithms safely as well as more easily enforce compliance with local and regional privacy standards,
  • Operators of complex equipment, such as airlines, can predict the useful life of complex systems, such as engines and tap into data previously unavailable, such as that of supply chain parts suppliers, to improve predictive analysis.

To learn more about TripleBlind’s offerings for the Asia-Pacific market, contact Alvin Tan at alvin@triplebilnd.ai or on LinkedIn.

 

About TripleBlind

TripleBlind’s patented breakthroughs in advanced mathematics arm organizations with the ability to share, leverage and monetize regulated data, such as PII and PHI, and mission-critical enterprise data, such as tax returns and banking transactions. It unlocks the estimated 105 petabytes of data stored by enterprises today that are inaccessible and unmonetized due to privacy concerns and regulations. With TripleBlind, decision makers generate new revenue for their organizations by gaining deeper insights faster, creating improved modeling and analysis, and collaborating more effectively with customers and partners and even competitors, while enabling enterprises to enforce today’s regulatory standards, such as HIPAA, GDPR and PDPA.

 

Contact

Victoria Guimarin
UPRAISE Marketing + Public Relations for TripleBlind
tripleblind@upraisepr.com
415.397.7600