Tinkoff, one of Europes largest and most innovative digital banks, has began using an AI-powered predictive analytics tools, based on combined data from multiple sources, including telecom operators, Russias largest credit bureau and Tinkoff itself.

In addition to providing greater security, the technological solution embedded in the oneFactor platform ensures that the quality of the combined data is 20-40% higher, compared with using separate data sets. Using this platform for credit-scoring helps to reduce the level of non-performing loans (NPLs), potentially allowing banks to unlock additional profit.

The ML platform allows to confidentially combine and process data from multiple data owners and launch AI services based on this combined data. It trains and utilizes ML algorithms by relying only on encrypted data. Therefore, the platform allows to securely and confidentially combine data sourced across different industries and use it in AI predictive analytics services.

The hardware impossibility of compromising the initial data is an important feature of this technology, which was confirmed by an independent audit, carried out by companies that connected their data to the oneFactor platform. In addition, the end users of the platforms services do not have access to the underlying data, which provides greater security. The users receive findings from the ML algorithm after the platform performs calculations completely autonomously. The processed information is not available to third parties, including employees.

Tinkoff initiated the development of this unique technology and participated as a data set owner alongside the other project participants. The pilot implementation of this project was carried out in late 2019 and early 2020 by Tinkoff and oneFactor, a developer of the secure data monetization platform for banks and telecoms.

Tinkoff also became the first commercial user of AI services launched by the ML platform. This allowed the bank to significantly increase the accuracy and efficiency of its business processes, including credit scoring, underwriting automation and fraud prevention with the help of the oneFactor platform.

This unique technology does not limit the amount or the nature of the data that can be connected to the oneFactor platform. It enables the launch of AI services in just a few days - both for the data owners using the platform, as well as for its commercial customers, such as banks, insurance companies, retailers and e-commerce sites.

Evgeny Isupov, Head of Data Monetization at Tinkoff Bank, commented:

The initial goal of the project was to learn how to work effectively with clients with a thin credit file, which we did. In the course of this project, it became clear that to ensure trust between different parties, a platform that implements secure multilateral computing is needed. This technology can also be transferred to other types of banking data distributed between parties. For example, such data can include account operations and transactions. This technology makes it possible to calculate exactly what all parties agreed upon without disclosing the underlying data. The platform also allows a bank to potentially earn additional profit from the synergies created by using data from different owners, and ensures that client data stays confidential.

Roman Postnikov, CEO and Co-Founder of oneFactor, commented:

I am glad that we were able to address the need to ensure the safety and privacy of customer data for industrial processes using Machine Learning technologies, which are now used by many companies - from banks to retailers - but not always while keeping privacy and security in mind. Im sure that this will push all market participants to invest in data protection and will be the driver of growth for the entire Artificial Intelligence market.

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Tinkoff applies encryption tech from oneFactor to protect client data in AI credit scoring module - Finextra

BY DAVE PRICEDaily Post Editor

The dispute over the decision by Palo Alto, Mountain View and Los Altos to encrypt their police radio frequencies may just boil down to misreading of a memorandum.

Weve all read a document and thought it meant one thing, and then, upon further review, realized it means something completely different.

I think thats happened here. When Palo Alto police encrypted their radio frequencies last month, Police Chief Robert Jonsen said he was following a mandate from the state.

The mandate, he said, was spelled out in a two-page memorandum dated Oct. 12 from the state Department of Justices Information Services Division, which maintains the state criminal database known as CLETS or the California Law Enforcement Telecommunications System.

The memo, by Information Services Division Chief Joe Dominic, cites longstanding federal and state policies about keeping personally identifiable information and criminal justice-re-lated information confidential. None of those policies were new. And no state law has been passed mandating encryption. So the impetus for this memo wasnt clear. The Post tried to interview Dominic but he wouldnt take our calls.

Two choices

But in the memo, at the top of the second page, it says compliance with these requirements can be achieved using any of the following.

Thats followed by two bullet points.

One bullet point says a police department has the option of encrypting its police radio signal.

The second bullet point says a police agency can establish a policy that would protect such information without encryption.

This will provide for the protection of CJI (criminal justice information) and PII (personally identifiable information) while allowing for radio traffic with the information necessary to provide public safety, Dominic wrote in the memo.

Its incorrect to say the police department is following a mandate to encrypt its radio signals. An accurate statement would be that the department had a choice, and picked encryption over public broadcasts.

Chief Jonsen had a choice. Maybe he didnt know it, since hes saying he was following a mandate to encrypt.

Weve all misread documents. Im willing to give him the benefit of the doubt.

Maybe he didnt like the second choice and disregarded it. The second option could be achieved a number of ways. Officers can obtain and send information by picking up their cell phone and calling the dispatchers, something theyve been doing for years. Or they can communicate with text messages. Or the department can set up a separate encrypted channel, like Los Altos has been using for a number of years.

Its your police department

As weve stated before, the public has a right to know what its police department an agency funded with its tax dollars does on a real-time basis.

Police and fire departments have dispatched their officers over the air without encryption since the 1940s.

Two weeks ago, we were hit with a major wind and rain storm. The Posts typical procedure on such an evening is to monitor the police scanner for trouble like a tree crashing into a house or a flooded highway and send a reporter to the scene to take pictures and conduct interviews. Now that our police scanner is silenced, we werent able to do that. The real loser here is the public. They get less information and the police get to keep more secrets. So much for all that talk about transparency.

Chief Jonsen and his counterparts in Mountain View and Los Altos have decided to encrypt without bringing this public policy decision to their respective city councils.

I think one of the reasons why law enforcement is under fire in America today is the lack of civilian control. City councils across the country have been content to allow their police departments set their own policies without any civilian oversight.

Time for council to get involved

Yet I would argue that city council members need to become engaged in their police departments. They need to understand how they work, the influence the police unions have and the policies or general orders of their department. Council members need to dive into this if they want to have any oversight of their police.

A citys police department is a potential source of multi-million-dollar liabilities. A city gives its cops guns, Tasers, fierce dogs, high-powered vehicles and the authority to arrest people and search their belongings. If they get anything wrong, the city has to dole out millions of dollars to plaintiffs and their lawyers. Palo Alto has written some embarrassing checks in the past year to settle police brutality suits. One would think that after signing the first half-million-dollar check, council members would start paying close attention to how their department is run. After the second check, a council member would be negligent if they ignored this responsibility.

If council wants to take control, a good place to start would be by restoring the police radio frequencies to the public.

Editor Dave Prices column appears on Mondays. His email address is price@padailypost.com.

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Opinion: Encryption isnt a mandate, its a choice - The Daily Post

A year after the Electronic Frontier Foundation called on Amazon to enable end-to-end encryption on Ring video doorbells, Amazon has begun rolling out the feature. End-to-end encryption ensures that Amazon employees cannot see whats been recorded from your doorbell, and more importantly, should guarantee that Amazon cannot hand over that footage to law enforcement without you being served with a warrant. However, to take advantage of end-to-end encryption, you must enable it manually.

Ring has been the center of multiple privacy controversies, such as failing to encrypt Wi-Fi passwords (see Amazons Ring Doorbells Sent Wi-Fi Passwords in the Clear, 21 November 2019) and recruiting police departments to do marketing (Amazon Using Police Departments to Sell Ring Cameras, 29 July 2019). Wed like to see Ring make end-to-end encryption the default to prove that its not just tossing a bone to privacy advocates while still profiting from those who are unaware of the implications or are intimidated by the setup steps. (For more on encryption of personal video, see Apples HomeKit Secure Video Leverages iCloud Storage and Preserves Privacy, 30 October 2020).

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Ring Security Cameras Adding End-to-End Encryption - TidBITS

The major market players operating in the global market as identified by MRFR are Enveil, Inc, LifeNomeInc, CryptoExperts, Netskope, Galois Inc, IBM, Gemalto, Microsoft, and Oracle, among others.

Pune, India, Feb. 15, 2021 (GLOBE NEWSWIRE) -- Market AnalysisThe need for privacy of algorithms and digital data to handle complex structures has gone up exponentially in the last decade. And this also goes along with the increasing growth in the communication network, its devices, as well as its increasing capabilities. Homomorphic encryption enables computation with the encrypted data. The global Homomorphic Encryption Market size is predicted to touch USD 268.92 million at a healthy 8.58% CAGR between 2019 to 2027 (forecast period), according to Market Research Futures (MRFR) latest report.

The homomorphic encryption (HE) market is highly dynamic. This market is driven by the burgeoning demand for the high implementation in the banking, finance, and insurance sectors, growing e-governance initiatives, increasing investments in cloud-based industries, and surging need for secured data transmission.

On the contrary, the homomorphic encryption market may backtrack a little in its growth trajectory owing to lack of up-gradation of technology and complexity of the encryption method.

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COVID-19 Impact on the Global Homomorphic Encryption MarketThe ongoing stay at home and work from home trends owing to lockdowns and social distancing imposed by the government for the COVID-19 outbreak has increased digital transactions, which had a positive impact on the homomorphic encryption market growth.

Market SegmentationThe global homomorphic encryption market has been bifurcated based on applications and type.

By type, the global homomorphic encryption market is segmented into multiplicative homomorphic encryption, additive homomorphic encryption, partial homomorphic encryption, and fully homomorphic encryption. Of these, the fully homomorphic encryption segment will lead the market over the forecast period.

Story continues

By application, the global homomorphic encryption market is segmented into industrial, healthcare, banking and finance, government, and others. Of these, the banking and finance segment will dominate the market over the forecast period.

Browse In-depth Market Research Report (100 pages) on Homomorphic Encryption Market:https://www.marketresearchfuture.com/reports/homomorphic-encryption-market-1144

Regional AnalysisNorth America to Remain Forerunner in Homomorphic Encryption Market

Geographically, the global homomorphic encryption market is segmented into Europe, the Americas, the Asia Pacific (APAC), and Rest of the World.

Of these, North America will remain the forerunner in the market over the forecast period. Factors like the increasing advanced medical facilities, growing use of such technology, and rising number of SMEs are influencing the global homomorphic encryption market growth in the region. Owing to the rise in online shopping trends during the on-going pandemic in Canada and the US, the sale of B2C e-commerce in both these countries is likely to have exponential growth. The pandemic had a positive impact on the market for the growing significance of HE for business data transfers. Digitization in the region, during the COVID-19 outbreak, has experienced positive growth in almost every business sector due to the need for monitoring services and remote working. Further, the technology showed possibilities in the healthcare domain for securing critical healthcare data. Duality Technologies, for instance, have begun to offer HE solutions for businesses and also begun the possibilities even for the healthcare domain.

In Europe, the global homomorphic encryption market is predicted to hold the second-largest share over the forecast period. Booming banking and finance industries, growing homomorphic encryption technology uses, the presence of several HE technology providers, considerable healthcare spending, growing demand for this technology, and growing investments by the private sector are adding to the global homomorphic encryption market growth in the region. Besides, the growing security concerns, rising investments in cloud-based industries, high investments in infrastructure in Germany and the UK, and increasing use in the banking sector, are also adding market growth. On the contrary, complexity issues and lack of up-gradation may limit the market growth in the region over the forecast period.

In the APAC region, the global homomorphic encryption market is predicted to have notable growth over the forecast period. Increasing demand for HE technology in cloud security, high adoption of homomorphic encryption owing to rapid industrialization, presence of several key players, and major contributions made by Japan, China, Australia, and India are adding to the global homomorphic encryption market growth in the region. IBM, for instance, in July 2020, announced victory in the field trials made for fully homomorphic encryption. Besides, the company also made available fully homomorphic encryption for iOS and MacOS platforms.

COVID-19 Impact on Homomorphic Encryption Market:https://www.marketresearchfuture.com/report/covid-19-impact-homomorphic-encryption-market

Competitive Analysis The global homomorphic encryption market is extremely fragmented with the presence of several well-established distributors and manufacturers. They seek opportunities for integrating across the huge value chain while laying emphasis on mergers and acquisitions, production facility expansion, and research and development activities to gain impetus. New players are also entering the market with aggressive pricing for gaining footholds in the international market and undercutting established providers.

Notable Players in The Global Homomorphic Encryption Market Are:

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Industry News:January 2021- Researchers at Facebook, Stanford, and NY University have developed a synthesizing compiler, Porcupine, for homomorphic encryption.

December 2020- IBM Security has come up with its latest service, which enables companies to experiment with FHE (fully homomorphic encryption), an emerging technology that has been designed for allowing data to stay encrypted even when it is getting analyzed or processed in third-party environments or cloud.

Browse Related ReportsGlobal Data Encryption Market Research Report, End-user (Aerospace & Defense, Automotive, BFSI, IT & Telecom, Healthcare, Manufacturing), Method (Asymmetric, Symmetric), Organization Size (Large Organizations), Deployment (On Premise)

Mobile Encryption Market, by Component (Solution, Services), by Application (Disk Encryption, File/Folder Encryption, Cloud Encryption), by Deployment Type (On-premises, Cloud), by Enterprise Size (SMEs, Large Enterprises), by Vertical (BFSI, Aerospace and Defense, Telecom, Others)

Encryption Software Market, By Deployment (Cloud, On-Premise), By Service (Professional Service, Managed Service), By Organization Size (Small & Medium Enterprises, Large Enterprises), By Application (File/ Folder Encryption)

About Market Research Future:At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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Homomorphic Encryption Market Valuation of USD 268.92 Million By 2027 With a Healthy CAGR of 8.58% | North America to Remain Forerunner in Global...

A birds eye view analytical approach has been primary to gauge decisive market trends in the Hardware Encryption market, citing specific input on essential factors such as overall household income and the core factors that mediate reliance on Hardware Encryption market. The report also attempts to understand the buying behavior of consumers and the influence of factors such as technological sophistication and dynamic segmentation in triggering favorable buying decisions and customer journey in Hardware Encryption market.

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Hardware Encryption Market Size Analysis and Outlook to 2026 Express Keeper - Express Keeper

LONDON, Feb. 10, 2021 (GLOBE NEWSWIRE) -- Recently, Army Ant has announced the release of its encryption mixer (coin shuffle), ANTUSDT.

"Weak Anonymity" vs. "Black Money", which one would users prefers? Digital currency is actually not completely anonymous (pseudo-anonymity), so the encryption mixer was born ANTUSDT.

The digital currency address will not be linked to a real identity in real life, but if it is not done properly, it will. People can trace back to a particular transaction by associating multiple nodes in the blockchain, and then through the analysis of blockchain data and KYC/AML data, people can know who sent the transaction, and even include more details, such as location, reason of the transaction and so on.

The principle of coin shuffle:

What is coin shuffle?

Speaking of digital currency, it is easy to think of its two characteristics, one is decentralization, the other is anonymity. But the anonymity of cryptocurrencies is limited.

Although real-name authentication is not required, and the users real identity cannot be matched by the address, the transaction on the blockchain is public. If someone deliberately looks for it, some clues can also be found through big data analysis, unless everyone is like Satoshi Nakamoto who is as cautious as possible. However, there is a service that can provide users with sufficiently high privacy protection, that is, coin shuffle services.

Coin shuffle, as the name implies, is to mix coins from different issuing addresses and then send them out. Through this process, the correspondence between the output address and input address of a transaction is cut off, thereby better protecting the privacy of users.

In fact, the process of coin shuffle is like a lot of people throwing coins into the wishing pool. If everyone throws in coins of 1 yuan, then people can know how many 1-yuan coins who throws in at what time, but when the staff cleans these coins and sorts them out, people cannot tell which coin was thrown in by whom.

Since the Bitcoin blockchain is a public ledger, it records every transaction on the Bitcoin network, and after coin shuffle, it is impossible to know which incoming transaction should correspond to which outgoing transaction. It is difficult to find out where and how much the cryptocurrency of the trader is stored, which protects user privacy to the greatest extent.

Under normal circumstances, coin shuffle for multiple times, with a small number of coins each time, is better.

Conclusion:

Coin shuffle is a privacy protection function, and coin shuffle transactions are difficult to track. The funds are mixed with the funds of other users, and a random relationship is created between the existing user's account system and the new account after coin shuffle. This mechanism can realize the anonymity of transactions and the anonymity of all services.

ANTUSDT platform advantages

According to market research, all coin mixers on the market are open to merchants, and ANTUSDT is the only coin mixer that is open to merchants and retail investors.

ANTUSDT's business scope also includes: cryptocurrency collection agenting, payment agenting, coining cash lending, coining currency borrowing, multi-country and multi-platform acceptance, etc.

How does ANTUSDT coin shuffle make profit

Merchants need to use the corresponding currency, retail merchants supply and merchants use, and merchants give corresponding commissions (to ensure that the fund pool has sufficient spare assets to provide and withdraw coins, every coin shuffle requires the user to actively authorize it, only by obtaining the user's authorization can assets can assist in coin shuffle.

Cooperative merchants have paid a deposit equivalent to 25 BTC and a full liquidity deposit of more than 5 times to ensure zero risk in ANTUSDT business.

Introduction of ANTUSDT rules

Ordinary users can earn coin shuffle commissions by participating in two-coin shuffle methods through a single authorization.

ANTUSDT cross-chain coin shuffle

ANTUSDT creates a large-scale coin shuffle pool, which gathers the most circulating currencies on the market.

Join the cross-chain coin shuffle via authorization, their assets will be mixed with hundreds of thousands of cryptocurrencies around the world. Through countless asset interactions, the traces of funds of participating users can be completely concealed to achieve the effect that the ocean can bleach ink.

ANTUSDT has a large number of cooperative merchants. The coin shuffle pool can handle a large number of assets with privacy requirements 24 hours a day, and provide encrypted whereabouts and currency exchange services for assets. Every time ordinary users are authorized to participate in cross-chain coin shuffle, they can obtain the commission earned by the coin shuffle pool.

Reciprocating acceptance coin shuffle

Join reciprocating acceptance coin shuffle via authorization, their assets will be on standby at any time for major merchants to call, during which their assets may switch between various currencies. After applying for the call, the user needs to press the "Re-exchange" button in the order on the coin shuffle details page.

Large merchants will restore their assets to the original digital currency within the specified time and pay the corresponding commission.

In the fiat currency world, this problem can be traced back to a real legal case in the 17th century. The conclusion of the case is that-if users receive a banknote involved in theft, the police will later investigate that the banknote was stolen and traded several times before it reaches their hand. In this case, the police have no right to take this banknote from their account. The same is true for digital currencies. What does it matter if users receive a coin that is not stolen by them?

Media contact

Company: Army Ant Limited

Hagimoto Madoka

E-mail: vip@antusdt.com

Address: 29 CLEMENTS ROAD ILFORD LONDON UNITED KINGDOM IG1 1BH

YouTube: https://youtu.be/alffT8t2oOs

Telegram: @antusdt001

Website: https://www.antusdt.com/

SOURCE: Army Ant Limited

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/164aa13b-3e4b-4565-a795-88d7050efdcd

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Army Ant Limited Announces the Release of Its Encryption Mixer ANTUSDT - GlobeNewswire