FinTech Studios, a cloud-based platform of curated fintech apps and big-data financial analytic products, announced its strategic distribution partnership with Private Data Solutions.
The partnership will allow FinTech Studios to integrate Private Data Solution's ‘PDAuth’, a universal authentication technology, which is a revolutionary patent-pending solution for authenticating transactions and users without storing private information in the cloud. This technology uses end-to-end encryption, together with multi-factor authentication to securely transfer, authenticate and transact digitally. PDAuth aims to reduce risk and liability for all online activity, the release stated.
“By leveraging our patent-pending technology that returns privacy and eliminates liability for our clients Private Data Solutions is uniquely positioned to offer technologies that reduce risk and protect data," Mike Marenick, Co-Founder of Private Data Solutions said. “At Private Data Solutions, we want to reduce the number of systems and people that have access to the data. Partnering with Fintech Studios provides us a strong partner to leverage our unique technology in the financial services industry."
FinTech Studios' cloud-based intelligent information network comprises of advanced machine learning, artificial intelligence, and natural language processing technology in a move to automate the intelligent indexing of business and financial content.
In September this year, FinTech Studios partnered with a secure communications and content sharing platform – Symphony Communication Services LLC in order to launch big-data news, research and analytics app in Symphony app store.
