Trending...
- Governor Gavin Newsom on the federal government taking over the California National Guard
- AI-Designed Waveguides Pave the Way for Next-Generation Photonic Devices
- California: Governor Gavin Newsom on speaking out peacefully
A Breakthrough in Fraud Detection Powered by Fully Homomorphic Encryption and MPC-based KMS
DUBAI, UAE - Californer -- Cloud security leader DuoKey will unveil its groundbreaking use case for encrypted financial intelligence at GISEC Global in Dubai next week. Designed to address the challenges of fraud detection and regulatory compliance, this approach, which combines Fully Homomorphic Encryption (FHE) and Multi-Party Computation (MPC)-based Key Management (KMS), allows financial institutions to analyse encrypted transactions in real time without ever decrypting sensitive data.
In a global financial landscape where illicit transactions exceed $2 trillion annually and compliance fines topped $10.4 billion on a yearly basis according to the United Nations Office on Drugs and Crimes, DuoKey confidential AI use case for the financial sector demonstrates how financial institutions can securely process high-risk transaction patterns, perform watchlist screening and assess customer risk profile, while preserving end-to-end encryption and maintaining jurisdictional data control.
More on The Californer
"Traditional approaches expose data during analysis, creating systemic security gaps," said Nagib Aouini, CEO of DuoKey. "Our use case shows how FHE and MPC-based KMS together allow financial institutions to detect fraud, meet AML obligations and collaborate securely without any compromise on data confidentiality or sovereignty."
DuoKey financial intelligence solution enables secure collaboration between banks, regulators, and fintech providers by allowing cross-border investigation and compliance workflows without revealing underlying customer data. This addresses a longstanding roadblock to industry-wide fraud detection while complying with privacy and regulatory standards such as GDPR, FATF, and PCI DSS.
Visitors to GISEC Global will get the opportunity to explore the live use case at the DuoKey booth (D-120, Hall 6) starting on May 6 until May 8. Demonstrations include real-time transaction scoring, encrypted rule-based screening and dynamic anti money laundering (AML) analytics all with performance benchmarks that rival traditional unencrypted systems.
In a global financial landscape where illicit transactions exceed $2 trillion annually and compliance fines topped $10.4 billion on a yearly basis according to the United Nations Office on Drugs and Crimes, DuoKey confidential AI use case for the financial sector demonstrates how financial institutions can securely process high-risk transaction patterns, perform watchlist screening and assess customer risk profile, while preserving end-to-end encryption and maintaining jurisdictional data control.
More on The Californer
- City of Long Beach Awarded $2.6 Million in State Funding to Expand Youth Employment Opportunities
- Innovative EDM Music Project, "Terms of War," Depicts an A.I. Takeover of Earth
- California: Here's how Trump's illegal military deployment weakens firefighting resources – already strained by his dangerous U.S. Forest Service cuts
- THE INTERNATIONAL SCHOOL OF SAN FRANCISCO APPOINTS ERIC THUAU AS ITS NEXT HEAD OF SCHOOL
- Project Home Draws Up a Blueprint for Hope on Documentary Showcase
"Traditional approaches expose data during analysis, creating systemic security gaps," said Nagib Aouini, CEO of DuoKey. "Our use case shows how FHE and MPC-based KMS together allow financial institutions to detect fraud, meet AML obligations and collaborate securely without any compromise on data confidentiality or sovereignty."
DuoKey financial intelligence solution enables secure collaboration between banks, regulators, and fintech providers by allowing cross-border investigation and compliance workflows without revealing underlying customer data. This addresses a longstanding roadblock to industry-wide fraud detection while complying with privacy and regulatory standards such as GDPR, FATF, and PCI DSS.
Visitors to GISEC Global will get the opportunity to explore the live use case at the DuoKey booth (D-120, Hall 6) starting on May 6 until May 8. Demonstrations include real-time transaction scoring, encrypted rule-based screening and dynamic anti money laundering (AML) analytics all with performance benchmarks that rival traditional unencrypted systems.
Source: DuoKey SA
0 Comments
Latest on The Californer
- LABOR BOARD ISSUES ANOTHER COMPLAINT AGAINST AMAZON
- Kicking off Ashwin Gane West Coast Tour
- LavaWorks launches new video game GORILLA SMASH game on Steam
- The Nap Time Show Joins OnStage PLUS Television Network in Exciting New Content Partnership
- DivX Enhances AVI Playback Resources; Simplifies Guide to Playing AVI Files with DivX Software
- McDonagh Family Office Acquires RevSystems to Bolster Portfolio with AI and Operations Technology
- Patrick Aloni Joins Historic Gold and Copper Discovery in Argentina with Multimillion-Dollar Stake
- Edtech Startup Young Commanders Launches 'Visionaries Without Sight' Collection Celebrating Blind and Visually Impaired Historical Figures
- Grassroots "Keep the City Calm" Project Aims to Reduce Civil Unrest in Los Angeles Using Jazz
- California: Governor Newsom prevails in blocking Trump's militarization of Los Angeles
- Long Beach Health Department Confirms Measles Case Linked to International Travel
- RetroRock Rewind Celebrates Milestone with Show #300
- California: High-ranking U.S. military officials agree: Trump's takeover of Los Angeles is illegal
- Universal programming of 3D point spread functions for imaging
- California Welcomes The Band Dashade Music Partnership with Amazon Associate Summer Passion
- "Grandma's Cookies: A Christmas Tale" Releases Friday the 13th
- CalExit Leadership Meets Lt. Gov. Kounalakis, Rep. Waters, and Betty Yee at CADEM Convention
- California: Governor Newsom signs executive order doubling down on state's commitment to clean cars and trucks, kickstarts next phase of leadership
- CalExit President Marcus Ruiz Evans on Trump Sending National Guard to California
- Goldstar Rehabilitation Celebrates 15 Years of Early Intervention Across Southeastern PA