Increase Market Value of Existing Data

case study

Labelled high-quality data generation for fraud detection

Challenge

A leading financial institution in Europe developed a Digital Sandbox Initiative to improve the means by which financial markets work and to improve how firms conduct their business. Data sharing and acquisition is difficult due to the need for highly controlled records review.

More specifically, the group of public and private institutions specifically looked at using large-scale data to tackle some of the most pressing problems, including fraud & scams, vulnerability, and SME lending. Transactional bank fraud data is notoriously difficult and complex problem to address.

Solution

Synthesized used AI generative techniques to generate safe, high-quality, anonymised, and synthetic datasets, dramatically reducing the amount of time to supply data for the initiative. The newly generateddatasets are fully compliant, satisfying the data privacy and security requirements.

Impact

Additional revenue generated from providing generated data to 3rd parties
Automatic compliance with data privacy and data governance policies
Process automation

Collaboration suite

To facilitate data sharing and monetization, Synthesized makes it easy to create and share data products internally and externally. Defined ownership and permissions ensure the right people have access only to the right documents.

Data clean rooms

The DataOps platform’s built-in collaboration tools include Data Clean Rooms (Digital Sandboxes). They can securely grant access to data without risk of it being compromised, leaked or moved.

Key features:

Pristine isolated environments facilitating multi-party external collaboration without any risks to data privacy

Ability to manage multiple sources of data without creating data impurities

Data access is closely monitored and logged to ensure total compliance with all regulatory requirements

Maintain full compliance with all data privacy regulations

Unlike data masking and data anonymization, Synthesized has been designed from the outset to satisfy all legal and compliance constraints. With Synthesized, there are no data breaches, no reputational risks, nor the risk of fines for non-compliance with data regulations such as GDPR, GPRA, HIPAA, and CCPA.

The Synthesized platform allows user role-based access and enables you to identify data anomalies through audit logs. Security best practices and the latest data protection protocols are in place.

Explore our security suite

Increase market value of existing data