At TripleBlind, we offer digital privacy as a service. Our suite of tools enables companies to safely provide and consume extremely sensitive data and algorithms in encrypted space, in the most private and secure setting that has ever existed.
THE CHALLENGE TODAY
To share or monetize data, you must allow it to be decrypted. It’s the only way the other party can perform operations on the data.
WHAT THIS MEANS:
Bank encrypts and sends data to Fintech Partner.
Fintech Partner receives encrypted data.
Fintech Partner decrypts data for use.
Stray data is potentially left behind, vulnerable to abuse.
PROBLEMS ASSOCIATED WITH DECRYPTION FOR THE FINANCIAL DATA ECONOMY:
Receiver must meet compliance requirements
Stray data is risky to both parties, abuse potential
Long contracts and complicated negotiations
Can’t restrict to legitimate use only, relies on good faith adherence to Terms of Use
Receivers require costly IT security infrastructure
TRIPLEBLIND ELIMINATES DECRYPTION
TripleBlind encrypts (and never decrypts) data, allowing only approved operations to be executed. Data and Algorithms are never decrypted.
OUR VIRTUAL CLEAN ROOM ENSURES:
Data from The Bank is:
No raw data leaves the Bank.
TripleBlind Clean Room
Partner never has or sees any raw data ever.
No Stray Data from past usage
BY ELIMINATING DECRYPTION, TRIPLEBLIND ENABLES:
Safer service offerings
No stray data left behind
Lower liability and reduction of IT costs
Fine grain control of 3rd party usage
No loss of accuracy or utility in the data
A REAL WORLD SOLUTION
TripleBlind reduces the risks on both sides – banks and financial institutions never provide raw data and partners are unaffected. Partners can perform all operations they ordinarily would without the risks of working with raw data.
Competitors can collaborate for mutual benefit without giving up the farm.
Together, they can privately use each other’s data to achieve an overall reduction in fraud and get to higher levels of compliance.
Independent Financial Institutions Privately aggregate sensitive data.
The entire pipeline is blind to the information assets flowing through it.
Fraud detection companies can select features for the most accurate model training.
Vendors only ever interact with ENCRYPTED data — data breach at vendor does not leak bank’s data.
Vendors license novel algorithms to the bank because of IP Protection.
Bank controls fine grained permissions on data.
Prior to use, data is encrypted and DRM is used to ensure the data is only used for the agreed upon purpose
Customer pays a fee to run a churn algorithm and derive a churn probability
Customer pays a fee to test retention algorithm and derive a retention prescription
Competitors can collaborate for mutual benefit without giving up the farm.
Together, they can privately use each other’s data to achieve an overall reduction in fraud and get to higher levels of compliance.
Independent Financial Institutions Privately aggregate sensitive data.
The entire pipeline is blind to the information assets flowing through it.
Fraud detection companies can select features for the most accurate model training.
Vendors only ever interact with ENCRYPTED data — data breach at vendor does not leak bank’s data.
Vendors license novel algorithms to the bank because of IP Protection.
Bank controls fine grained permissions on data.
Prior to use, data is encrypted and DRM is used to ensure the data is only used for the agreed upon purpose
Customer pays a fee to run a churn algorithm and derive a churn probability
Customer pays a fee to test retention algorithm and derive a retention prescription
Interested in a product demo? We’d love to hear from you.