The collaboration will see Smart Data Foundry’s aizle synthetic data sets integrated into NayaOne's Digital Sandbox, offering improved opportunities for accessing data within a secure environment. Specifically, NayaOne's Digital Sandbox facilitates secure access to Smart Data Foundry's aizle platform, providing users with controlled access to synthetic data sets alongside robust data interrogation tools. This initiative supports cloud deployment of APIs, enabling customer data calls while ensuring control over sensitive information. The outcome is expected to speed up innovation and mitigate regulatory risks, all while protecting sensitive data assets.
The partnership between NayaOne and Smart Data Foundry aims to fully harness the potential of financial data in a secure manner. Both entities share a common goal of driving positive change and supporting a dynamic ecosystem for financial institutions and fintechs thus accelerating digital transformation and innovation within the financial services industry.
In the company press release, representatives from Smart Data Foundry commented on the collaboration, highlighting the significance of integrating aizle’s AI-simulated synthetic data into the NayaOne Digital Sandbox. They emphasised that the partnership aims to overcome data privacy concerns, facilitating collaborative innovation driven by data-driven insights.
In turn, officials from NayaOne expressed their enthusiasm about leveraging the capabilities of Smart Data Foundry’s synthetic data alongside NayaOne’s platform security and versatility.
In October 2023, NayaOne partnered with full-cycle verification platform Sumsub to drive banking compliance improvement across Europe and the US. Throughout this partnership, Sumsub was set to integrate its full suite of compliance services with NayaOne’s tech marketplace for banks and financial institutions across the regions of Europe and the United States, in order to optimise their overall compliance processes.
In essence, the companies focused on allowing FIs to meet regulatory requirements across the sector, as well as the overall needs and expectations of customers and clients.
In July 2023, US-based company that unifies identity proofing and passwordless authentication 1Kosmos has announced a partnership with NayaOne. The collaboration saw the 1Kosmos BlockID distributed identity cloud service available on the NayaOne ecosystem for financial services providers.
NayaOne helped make the BlockID platform more accessible to banks aiming to deploy a phishing-resistant approach to passwordless multi-factor authentication that provided a simplified user experience via non-spoofable, live biometrics with a verified identity.
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