Choose K engineers production-ready private and secure workflows using multi-party computation, homomorphic encryption, and trusted execution environments. The company specializes in tailoring cryptographic solutions for specific use cases like encrypted order books, decentralized auctions, and secure KYC processes. This enables clients to perform complex data analysis and collaboration while maintaining strict data confidentiality.
Funding
Funding not disclosed
Founders
Product
Problem
Financial institutions face challenges in collaborating, analyzing data, and executing transactions due to the need to protect sensitive data and comply with privacy regulations. Sharing transaction details, customer data, and other confidential information can expose firms to risks such as front-running, data breaches, and regulatory scrutiny.
Solution
Choose K provides a platform that leverages multi-party computation (MPC) and homomorphic encryption (HE) to enable secure and private workflows for financial institutions. The platform allows businesses to collaborate, analyze data, and transact without exposing underlying sensitive information. Choose K's technology supports encrypted order books to prevent front-running, facilitates secure decision-making workflows like decentralized auctions, and enables accurate transaction cost analysis (TCA) reporting without decrypting customer data. It also facilitates secure know your customer (KYC) workflows by comparing encrypted customer data across financial institutions.
Target Audience
Choose K targets financial institutions, including banks, trading firms, and other financial services providers, that require secure and compliant methods for data collaboration, analysis, and transaction execution.
Features
- Multi-party computation (MPC) for secure collaboration without data exposure
- Homomorphic encryption (HE) to perform computations on encrypted data
- Encrypted order books to protect transaction data and prevent front-running
- Secure workflows for KYC, decentralized auctions, and transaction cost analysis
- Tools to address challenges associated with maximal extractable value (MEV)
- Ability to introduce encrypted data into existing business workflows