Synthetic Data Unlocks the Power and Value of Financial Data While Protecting Privacy and Security
PORTLAND, Ore.–(BUSINESS WIRE)–ARM Insight, the leading provider of actionable insights from financial data, announced today that Finovate has selected ARM Insight and its Mimic™ synthetic data solution to be a part of the demo lineup at the Finovate Fall event in New York, NY Sept. 23-26. ARM Insight CEO, Randy Koch, will also discuss the power of synthetic data in maximizing AI strategies as part of the AI in Fintech Summit day at the event.
The Finovate event, which features cutting-edge banking, financial and payments technology in short-form demo format, is expected to attract more than 1,600 participants to the New York Marriott Marquis. ARM Insight will demonstrate the value and power of its innovative synthetic data approach for machine learning, AI and data monetization on Tuesday, September 24 at 11:20 a.m. Randy Koch’s presentation at the AI in Fintech Summit, “Harnessing the Power of Synthetic Data to Maximize your AI Strategy” will be held on Thursday, September 26 at 11:00 a.m.
“We are excited to be on the Finovate stage to show how financial services companies can unlock the value of their data without compromising security or privacy,” said Randy Koch, CEO of ARM Insight. “Moving beyond the process of simply trying to anonymize or ‘clean’ the data, ARM Mimic™ creates synthetic data that maintains the statistical value of the original transactional data, while removing Personally Identifiable Information (PII) that could be traced back to the original raw data. This completely secure synthetic data can then be used for analytics, machine learning, marketing and segmentation activities, and new revenue streams through data monetization.”
“Data and business intelligence are always top of mind for financial services executives when it comes to driving new innovation like machine learning, AI, and new product development,” said Greg Palmer, VP of Finovate. “ARM Insight’s synthetic data approach can help financial services companies and fintechs alike leverage data for their innovation initiatives while ensuring they are protecting the privacy and security of the individual. We’re glad ARM Insight will be able to show what they can do up on stage!”
Finovate is a global conference series focused on financial services technology. Held in five locations — London, San Francisco, New York, Singapore and Dubai — it offers live product demos, fast-paced content, and high-impact networking. The event is organized by KNECT365. For more information about the events or to view videos of previous demos and presentations, please visit finovate.com.
About ARM Insight
ARM Insight is a leading provider of financial data solutions for financial institutions, processors, investment companies, and retail corporations. Through ARM Insight’s innovative synthetic data process, the company transforms billions of transactions from thousands of financial institutions into rich insights that can be used for data monetization, enhanced security, and artificial intelligence. By leveraging ARM Insight’s experience in monetizing data for 1,000+ institutions, it created the four-step “Data Monetization Road Map,” which is widely considered the standard for safely monetizing data. To learn more, visit www.arminsight.com.