Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the financial services industry. This time, you get to discover 5 hand-picked encryption solutions impacting financial services.
Out of 262, the Global Startup Heat Map highlights 5 Top Encryption Solutions impacting Financial Services
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 262 exemplary startups & scaleups we analyzed for this research. Further, it highlights 5 FinTech startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these 5 startups & scaleups in this report. For insights on the other 257 encryption solutions for financial services sector, get in touch.
Nitromia leverages Homomorphic Encryption
Founding Year: 2018
Location: Gush Dan, Israel
Partner for: Encrypted Data Computation
Israeli startup Nitromia provides a data security solution that allows computation on encrypted data. This empowers financial enterprises to overcome many of the business and security challenges they are facing today. The startup’s dynamic privacy suite utilizes fully homomorphic encryption to enable quantum-safe transactions to be recorded and managed, both on private and public networks. The solution allows companies to extract insights from data and perform advanced analytics without risks of data leakage.
DigitalBank Vault provides End-to-End Encrypted Communication
Founding Year: 2018
Location: St. Asaph, UK
Partner for: Crypto Storage, Encrypted Data Transfer
DigitalBank Vault is a British startup that provides defensive cyber solutions. It builds keyless, end-to-end encrypted, peer-to-peer, mobile, and computer communications for digital banking. The startup leverages sophisticated digital anti-surveillance technologies, including military-grade encryption devices. This enables ultra-secure and anonymous communication, which also supports untraceable file transfers and storage.
TAQBIT LABS enables Quantum Cryptography
Founding Year: 2016
Location: Bangalore, India
Partner for: Cybersecurity, Data Encryption
Indian startup TAQBIT LABS provides cybersecurity services to detect and eliminate cyber threats in the financial services sector. The startup applies principles of quantum mechanics to encrypt messages in a way that the information is never read by anyone outside of the intended recipient. The company’s services offer an enhanced layer of security with the fusion of random number generators and quantum technology, enabling clients to strengthen data security for financial transactions.
FortKnoxter develops an Encrypted Crypto Suite
Founding Year: 2017
Location: Gibraltar, Spain
Partner for: Digital Asset Encryption, Secure Communication
FortKnoxter is a Gibraltarian cyber-security startup that develops an end-to-end encrypted platform for messaging, video calling, file storage, and digital fintech assets. The startup’s wallet is entirely non-custodial, that is only users themselves have access to their funds and only they hold the private encryption keys. The platform enables users to store all types of coins and tokens in a single, secure mobile wallet. It also supports forty blockchains and over a hundred thousand assets. Further, it enables safe peer-to-peer (P2P) transfer of cryptocurrency directly from the encrypted chat.
Safe Haven advances Decentralized Finance
Founding Year: 2017
Partner for: Digital Assets, Non-Fungible Tokens (NFTs)
Singaporean startup Safe Haven builds decentralized finance solutions for safely managing, storing, and transferring crypto or other digital assets like NFTs, passwords, pictures, and documents. The startup offers a digital inheritance solution that encrypts all critical data utilizing AES-256 protocols. Moreover, it enables decentralized data while maintaining ease of access with multi-layer security protocols.
Discover more FinTech Startups
FinTech startups such as the examples highlighted in this report focus on NFTs, quantum computing, and cybersecurity. While all of these technologies play a major role in advancing FinTech industry, they only represent the tip of the iceberg. To explore more financial technologies, simply get in touch to let us look into your areas of interest. For a more general overview, you can download our free FinTech Innovation Report to save your time and improve strategic decision-making.