Digital transformation consultancy Synechron has partnered LeapYear Technologies to accelerate the use of ‘differential privacy’ solutions that Synechron can provide to its banking, asset management, insurance, and stock exchange clients. LeapYear unlocks commercial value from large-scale data in a mathematically proven, scalable, rigorous, and anonymised way.
The companies have developed a proof of concept and can now help financial services firms get value from their data with ironclad protection of the source. Sandeep Kumar, managing director, innovations, at Synechron, says: “Firms can monetise the vast amounts of data they collect. The data can be collectively leveraged to derive analytics and valuable insights, while keeping individuals, clients and institutions private.”
Ishaan Nerurkar, CEO at LeapYear Technologies, adds: “Our solutions allow enterprises to break down silos, form data partnerships, and maximise the commercial impact of their franchise data.”