This company provides an AI-powered unified platform for data privacy automation, streamlining compliance across various regulatory environments. The platform automates regulatory change management and accelerates Data Subject Access Request (DSAR) fulfillment, significantly reducing manual effort. It centralizes evidence and audit trails to enhance audit readiness while also offering solutions to mitigate synthetic fraud losses.
Funding
Funding not disclosed
FBPAFounders
Product
Problem
Enterprises face increasing challenges in complying with evolving global data privacy regulations, which require them to manage and protect personally identifiable information (PII) across diverse data types. Simultaneously, the rise of synthetic fraud, where criminals create fictitious identities, poses a significant financial threat, particularly in the financial sector.
Solution
Data Safeguard provides AI-powered solutions that enable enterprises to ensure compliance with data privacy regulations and prevent losses from synthetic fraud. The core of their offering is the Cognoscible Computing Engine® (CCE®), an AI engine that analyzes structured, semi-structured, and unstructured data to identify and redact PII. In addition, Data Safeguard's products help corporations identify synthetic identities, mitigating financial losses associated with this type of fraud. The platform offers enterprise-class integration, resulting in faster time-to-market at a lower cost, and is designed for scalability across various market segments, including finance, healthcare, government, retail, and technology.
Target Audience
The primary target audience includes enterprises across financial services, retail, government, healthcare, and technology sectors that need to comply with data privacy regulations and prevent synthetic fraud losses.
Features
- AI-powered data redaction (ID-REDACT®) to remove PII from diverse data types, including databases, data warehouses, documents, and online programs.
- Synthetic fraud detection (ID-FRAUD) to identify and mitigate financial losses from Frankenstein Identities.
- Data Science Lab (ID-DSL) platform with a preconfigured enterprise-scale Data Lake and Advanced Analytical Lab.
- Cognoscible Computing Engine® (CCE®) that automates customer privacy protection and data safeguarding using AI and deep learning.
- Real-time and historical data processing capabilities for email, chat, web logs, web forms, and files.
- Support for structured, semi-structured, and unstructured data formats.
- Flexible deployment options, including on-premise, enterprise cloud, SaaS, and SaaS Marketplace API.