Large Retail Banks
Type of Data
Banking and Financial Transaction Data
Summary of Pain Point
Credit bureaus develop novel algorithms for use by banks, but banks take on additional risk when they send customer data to the credit bureau for analysis.
If the credit bureau sends its algorithm to the bank, it risks the bank misusing or redistributing their IP.
Summary of TripleBlind’s Solution
With privacy enhancing computation, credit unions can monetize algorithms to banks, while banks gain insights without exposing sensitive member information.
Credit bureaus only ever interact with ENCRYPTED data — data breach at credit bureau does not leak bank’s data, reducing liability for all parties.
Digital rights on the data ensure data is encrypted and used only for the approved purpose. Bank controls fine grained permissions on data.
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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.