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January 7, 2023

The Fintech Times: Fintech in 2023 Predictions

Ellison Anne Williams discusses the growing importance of Privacy Enhancing Technologies for fintech applications

Throughout January, The Fintech Times is sharing industry predictions for 2023 as well as ideas for ‘moving fintech forward’ in the next 12 months.

Privacy Enhancing Technologies (PETs) will be transformative

Dr Ellison Anne Williams, CEO and founder of Privacy Enhancing Technology company Enveil, discusses the growing importance of PETs.

“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.”

Read full article here.

To learn more about the expanded value unlocked by Enveil, please schedule a meeting.
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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, collaboration, monetization, and Secure AI protect the content of the search, analytic, or model while it's being used or processed. Customers can extract insights, cross-match, search, analyze, and leverage AI across boundaries and silos at scale without exposing their interests and intent or compromising the security or ownership of the underlying data. A World Economic Forum Technology Pioneer and Gartner Cool Vendor, Enveil is deployed and operational today, revolutionizing data usage in the global marketplace.
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