INPHER wins 2019 “People’s Choice Award” at the UK Financial Conduct Authority
Our portfolio company, INPHER, participated in and won the Financial Conduct Authority (UK’s financial services industry regulator) 2019 Global Anti-Money Laundering and Financial Crime TechSprint.
The purpose of the TechSprint was to determine how privacy-enhancing technologies can effectively combat financial crime, detect fraudulent activities, and prevent money laundering within the financial services industry.
INPHER’s XOR Secret Computing Engine, based on secure multiparty computation, provided the best solution to effectively identify suspicious activity within financial transaction data. INPHER and its collaborators from Standard Chartered Bank, Goldman Sachs, and PwC won the TechSprint’s People’s Choice Award.