Use privacy enhancing computation to combine and analyze 3rd party data on customers-in-common and make informed business decisions — without risking sensitive data leaking to the competition.
THE CHALLENGE TODAY
Unlocking the business value of data involves encrypting the data and sending it to a partner or vendor. The data which is encrypted for transit gets decrypted on the receiving end, making it more vulnerable to breaches.
Bank encrypts and sends data to Fintech Partner.
Data is sent over the internet.
Fintech Partner receives data and replicates it for use.
Added liability for all partners
Noncompliance issues and steep fees for violations
Lengthy negotiations resulting in contracts which rely on trust
Intentional and unintentional data abuses
Europe’s General Data Protection Regulation (GDPR) and data localization laws hold data in place inside strict borders.
Regulations differ from country to country and region to region, making compliance a moving target.
DATA SHARING WITHOUT DATA TRANSMISSION
TripleBlind uses one-way encryption (with no decryption possible) and allows only approved operations to be executed.
Ready to learn more about how our privacy enhancing technology can benefit you?
No raw data leaves the bank’s firewall
Bank never sees the fintech’s algorithm. Operates on encrypted data.
API Driven “Virtual Exchange” ensures only privacy-intact output is allowed
One-way Encrypted
Never Decrypted
Subject to Customized Permissioning
Peer-to-Peer Connected Through the API
GDPR and data localization compliance
Data sharing with no stray data
Reductions in liability and of IT costs
Fine grain control of 3rd party usage, audit trail
Full use of large datasets with no loss of accuracy or utility
READY TODAY
TripleBlind’s privacy enhancing technology makes it safe to collaborate when using personally identifiable information (PII) and personally identifiable financial information (PIFI). Enable third-party access to use your data without decryption, replication, or visibility to any raw data.
TripleBlind reduces the risks on all sides — banks, credit unions, and other financial institutions never provide raw data while partners like fintechs, neobanks, and algorithm vendors are able to use high quality data to better serve your customers and theirs. All operations ordinarily done using raw data can be carried out privately using our privacy enhancing technology, without exposing sensitive information or sacrificing performance in speed or accuracy of insights.
For more detail on these use cases and others, download our financial services one pager!
Interested in a product demo? We’d love to hear from you.