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Applied Blockchain launches SILENTDATA to enable privacy-preserving open banking checks

CryptoNinjas » Applied Blockchain launches SILENTDATA to enable privacy-preserving open banking checks Level39 member Applied Blockchain, a developer of software products with added trust and data privacy, today announced the launch of SILENTDATA, a platform enabling companies to perform consensual bank account checks without any banking data being revealed or shared. Companies can reduce their financial risk by performing real-time bank account checks on their customers; while at the same time fully protecting their data privacy. Open banking was introduced in order to accelerate innovation and competition in financial services. However, revealing and sharing bank account data significantly increases the risk of…

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