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December 28, 2022

Retail Banker International: Sector Forecasts for 2023

Ellison Anne Williams joins other banking and payments experts sharing their predictions for 2023
How Privacy Enhancing Technologies (PETs) are set to transform the financial industry in 2023

By Dr. Ellison Anne Williams, Enveil

"Data silos and privacy boundaries continue to cripple financial organizations’ ability to fight criminal activity such as fraud and money laundering. Understanding that secure and private data sharing and collaboration are key enablers, we will increasingly see these entities harness technology-powered solutions to overcoming data silos at scale. Privacy Enhancing Technologies (PETs) are already being applied to a broad range of data usage challenges across industries and that usage will only increase in 2023. The category, which has been garnering attention from both regulators and industry analysts for some time, will prove its staying power by allowing banks to securely collaborate across jurisdictions and organizational boundaries."

Check out the full piece at Retail Banking International.

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Enveil is a pioneering Privacy Enhancing Technology company protecting Data in Use. Enveil’s business-enabling and privacy-preserving capabilities change the paradigm of how and where organizations can leverage data to unlock value. Defining the transformative category of Privacy Enhancing Technologies (PETs), Enveil’s award-winning ZeroReveal® solutions for secure data usage, sharing, collaboration, and monetization protect data while it's being used or processed. Customers can extract insights, cross-match, search, and analyze data assets at scale without ever revealing the content of the search itself, compromising the security or ownership of the underlying data, or exposing their interests and intent.
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