Trending...
- Mensa identifies best board games of 2025
- ARBOR Technology to Showcase Latest Automation Solutions at Automate 2025, Powering Machine Vision, AMR, and Smart Retail Applications
- Axiros Confirms Continued Compliance with ISO/IEC 27001:2022 After Surveillance Audit
A Breakthrough in Fraud Detection Powered by Fully Homomorphic Encryption and MPC-based KMS
DUBAI, UAE - Michimich -- Cloud security leader DuoKey will unveil its groundbreaking use case for encrypted financial intelligence at GISEC Global in Dubai next week. Designed to address the challenges of fraud detection and regulatory compliance, this approach, which combines Fully Homomorphic Encryption (FHE) and Multi-Party Computation (MPC)-based Key Management (KMS), allows financial institutions to analyse encrypted transactions in real time without ever decrypting sensitive data.
In a global financial landscape where illicit transactions exceed $2 trillion annually and compliance fines topped $10.4 billion on a yearly basis according to the United Nations Office on Drugs and Crimes, DuoKey confidential AI use case for the financial sector demonstrates how financial institutions can securely process high-risk transaction patterns, perform watchlist screening and assess customer risk profile, while preserving end-to-end encryption and maintaining jurisdictional data control.
More on Michimich.com
"Traditional approaches expose data during analysis, creating systemic security gaps," said Nagib Aouini, CEO of DuoKey. "Our use case shows how FHE and MPC-based KMS together allow financial institutions to detect fraud, meet AML obligations and collaborate securely without any compromise on data confidentiality or sovereignty."
DuoKey financial intelligence solution enables secure collaboration between banks, regulators, and fintech providers by allowing cross-border investigation and compliance workflows without revealing underlying customer data. This addresses a longstanding roadblock to industry-wide fraud detection while complying with privacy and regulatory standards such as GDPR, FATF, and PCI DSS.
Visitors to GISEC Global will get the opportunity to explore the live use case at the DuoKey booth (D-120, Hall 6) starting on May 6 until May 8. Demonstrations include real-time transaction scoring, encrypted rule-based screening and dynamic anti money laundering (AML) analytics all with performance benchmarks that rival traditional unencrypted systems.
In a global financial landscape where illicit transactions exceed $2 trillion annually and compliance fines topped $10.4 billion on a yearly basis according to the United Nations Office on Drugs and Crimes, DuoKey confidential AI use case for the financial sector demonstrates how financial institutions can securely process high-risk transaction patterns, perform watchlist screening and assess customer risk profile, while preserving end-to-end encryption and maintaining jurisdictional data control.
More on Michimich.com
- Express Wash Concepts Celebrates Dual Detroit Metro Grand Openings; Dearborn Heights and Troy Clean Express Auto Washes Offering Free Signature Washes May 2-11
- myb.day Launches New Birthday Gift Shop Filled With Personalized Surprises
- Detroit Amplifiers Stack Coaching Staff with Earl Boykins and George Gervin Jr. for BIG3 Debut
- InventHelp Inventor Develops Improved Sword (SGM-506)
- Mission 3A Establishes Healthcare Advisory Board with Addition of Industry Leaders Patrick Fisher, Kevin Cordell, and Dr. Greg Berlet
"Traditional approaches expose data during analysis, creating systemic security gaps," said Nagib Aouini, CEO of DuoKey. "Our use case shows how FHE and MPC-based KMS together allow financial institutions to detect fraud, meet AML obligations and collaborate securely without any compromise on data confidentiality or sovereignty."
DuoKey financial intelligence solution enables secure collaboration between banks, regulators, and fintech providers by allowing cross-border investigation and compliance workflows without revealing underlying customer data. This addresses a longstanding roadblock to industry-wide fraud detection while complying with privacy and regulatory standards such as GDPR, FATF, and PCI DSS.
Visitors to GISEC Global will get the opportunity to explore the live use case at the DuoKey booth (D-120, Hall 6) starting on May 6 until May 8. Demonstrations include real-time transaction scoring, encrypted rule-based screening and dynamic anti money laundering (AML) analytics all with performance benchmarks that rival traditional unencrypted systems.
Source: DuoKey SA
0 Comments
Latest on Michimich.com
- Coastguard Nelson (NZ) selects Omnitronics omnicore Express Dispatch - Completing their transition from analog to digital
- First Choice Neurology Partners with NeuroDiscovery AI to Advance Neurological Care and Research
- Is Billboard Advertising Still Effective in 2025?
- Rocket Companies CEO Varun Krishna to Present at J.P. Morgan Global Technology, Media and Communications Conference
- Climate Masters Inc. Poised for Record-Breaking Year in 2025
- Big Ben Medical Supplies Joins Urgent Care Association as Corporate Member
- Indie Game Publisher Joins Federal Lawsuit Challenging Trump Administration's Illegal Tariffs
- Bavarian Inn Lodge hosting job fair for indoor waterpark and family fun center
- Care Dental Implant & Cosmetic Center's New Website Launch!
- $4.3 Million Waiver Exemption Granted by FDA on New Drug Application Fee for Treatment Addressing Suicidal Depression, PTSD: NRx: Stock Symbol: NRXP
- CIMdata to Join a Web Session Covering Key Topics at the Forefront of the Current PLM Landscape
- InventHelp Inventor Develops Specialized Food Weigh Scale (KSG-140)
- YMCA Seeks to Expand Civic Leadership Opportunities for More New Jersey Youth
- Anern Launches New Generation of Lithium Solar Batteries, Empowering a Smarter, Greener Future
- K2 Integrity and the Institute for Financial Integrity Launch AML/CFT Course for Investment Advisers
- Buttcoin - The Next Bitcoin Foundation Explores First Spot Buttcoin ($BUTTCOIN) ETP Listing on Switzerland's SIX Exchange
- Start Dogecoin cloud mining with XY Miners and maximize your passive income
- New Report Highlights the Most Dangerous States for Transportation and Warehouse Workers
- Seecoin Expands Beyond Gaming: A Web3 (r)evolution for All Content Creators
- Barcelona-based Neurosurgical Specialist Awarded Designation of International Center of Excellence for Ehlers Danlos Syndrome