How Fintech Companies Can Break the False Dichotomy of Data Privacy Versus Data Utility

Modern fintech companies face ever-increasing complexity — from hybrid data infrastructures to a growing list of compliance requirements. They have a vital need to protect sensitive customer data while not losing data utility.

 

Forward-looking fintech companies are leveraging new architectural patterns to break this false dichotomy by isolating and protecting sensitive data in a data privacy vault. By centralizing sensitive data in a vault, they can use tokenization, encryption, and granular data governance to meet this complexity head-on. This allows them to maximize the usefulness of sensitive data without putting its privacy at risk.

 

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