Semaphore
Semaphore is a real-time KYC, AML and Fraud data collaboration solution for the financial services industry. Allowing multi-party data sharing across institutions within the consortium. While all data remains entirely private and secure.
Winning tech
Part of DANIE
A community of financial institutions harnessing the latest Privacy-Enhancing Technology (PET) to collaborate and share insights securely, without having to rely on a trusted third party.
Each party keeps control of their own data
No ties to other participants
Easy to use, no IT skills required
Scales to support billions of transactions
Providing signals for changes in KYC data
Designed to broadcast alerts to peers within the DANIE consortium. If a member's data input changes the consensus on a KYC data field, Semaphore triggers signals to other members within DANIE to prompt further investigation.
Benefits of Semaphore
Using Secretarium's confidential computing technology, Semaphore allows the secure collaboration of financial institutions' data to improve KYC processes in the form of signal alerts.
Each firm's contribution that alters the consensus on a KYC or AML data field triggers signals to the wider consortium members. Helping to improve independent KYC processes by leveraging multi-party data sharing, while preserving total anonymity.
Data ownership is integral to Semaphore, and with consent, original data can be shared with peers using smart contract programming to faciliate investigations.
How it works
Firms within Danie continue to conduct their KYC independently but are able to benefit from collective data sharing. Supporting financial institutions to understand where their data is an outlier to the rest of their peers, and to consequently take corrective action.
Secure KYC, AML and Fraud data collaboration
Broadcasting KYC signals
Improves data collaboration efficiency
KYC insights are shared, while the anonymity of the the firm and its customers remains fully private.
Works in real-time
