Access to next-generation technology
Members of DANIE have access to a suite of next-generation, decentralised technological solutions built for immutable privacy and multi-party collaboration. Ultra-sensitive data reconciliation, including KYC, AML and fraud detection are made possible from institution to institution, via an unparalleled, efficient performance.
Avoid regulatory fines for misreporting inaccurate data
Improve efficiency by saving time on manual data reviews and remediation practices
Reinforce best practise via driving cross-industry data standardisation
Improve data quality as errors are solved efficiently
Low energy approach to privacy preserving data collaboration as fewer servers are required to secure data pooling
Technology built for privacy and collaboration
A unique combination of secure hardware and cryptography
Since 2018, international banks have utilised multi-party trusted computing and secure hardware distributed technologies made available within the DANIE consortium to securely reconcile millions of records.
Too often vital data and knowledge remain siloed within individual institutions, resulting in a global problem being tackled at an individual firm level... PETs could play a substuntial role in increasing the prevention and detection rates of financial crime.Director of Innovation, FCA
Data reconciliation tool that allows networks of untrusting parties to pool information together and gain mutually beneficial insights while maintaining confidentiality.
Transaction monitoring tool that conducts large-scale graph analysis on pooled transaction data to identify suspicious behaviour and prevent criminal activity.
KYC signalling tool that provides real-time alerts to a network of organisations when a member's data input changes consensus or reveals new information.
Secured by Secretarium
The award winning third generation Secure-enclave Distributed Ledger Technology (SDLT), combined with cryptography by Secretarium provides an incognito setting for anonymous, reconciliation of sensitive data between multiple organisations, on a confidential computing network, highlighting each firms own data anomalies, against the equivalent values submitted by peer institutions.
Facilitates development of decentralised confidentiality driven applications
Provides integrity proofs and is fully auditable
Guarantees that data remains encrypted at all times
Data is never disclosed
Solutions available within DANIE are built on confidential computing technology to ensure data submissions are always kept private, and are inaccessible to even the solution providers themselves.