Balance Data Privacy and Data Use: A Guide for Fintechs
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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"We were able to successfully deploy Skyflow in less than three weeks with the zero-trust vault architecture, and our total cost of ownership decreased by 67%."
Nitin Shingate
CTO, GoodRx
“We were up and running on Skyflow in just hours, rather than the months it would take to build and implement even a fraction of this data privacy rigor.”
Boe Hartman
CTO, Nomi Health and former CTO, Goldman Sachs
“It would take 3 engineers at least 6-12 months to build the basics of this solution internally, and 2 engineers to maintain it. Beyond hiring and talent costs, we’d also need to bring on consultants to advise on compliance requirements. At the end of the day, building in house would have drastically slowed our time to market. Skyflow made everything easy.”
Johnny Mitrevski
CTO, Scalapay
"We were able to successfully deploy Skyflow in less than three weeks with the zero-trust vault architecture, and our total cost of ownership decreased by 67%."
Nitin Shingate
CTO, GoodRx
“We were up and running on Skyflow in just hours, rather than the months it would take to build and implement even a fraction of this data privacy rigor.”
Boe Hartman
CTO, Nomi Health and former CTO, Goldman Sachs
“It would take 3 engineers at least 6-12 months to build the basics of this solution internally, and 2 engineers to maintain it. Beyond hiring and talent costs, we’d also need to bring on consultants to advise on compliance requirements. At the end of the day, building in house would have drastically slowed our time to market. Skyflow made everything easy.”
Johnny Mitrevski
CTO, Scalapay
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