finovate

В ноябре 2019 года мы в третий раз выступали на конференции Finovate, в этот раз Finovate Middle East в Дубае! Как и на предыдущих конференциях Finovate, куда мы имели честь быть приглашенными в 2018 году, мы продолжаем демонстрировать эффективность неперсональных данных и безопасное применение биометрии для решения задач аутентификации и оценки риска.

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In November 2019 we were demoing at Finovate for the third time – it was Finovate Middle East in Dubai. Similar to previous Finovate conferences which we had honour to be invited in 2018 we keep showing non-personal data efficiency and secure use of biometry for authentication and risk evaluation.

Within last 3 years we have been evolving the ideas of end-user security and using non-personal data and discovered that in many cases this data is sufficient not only to make decision on financial product application but also to build the elements of online application risk monitoring system for both web and mobile channels.

Launching our biometry solution last year we were able to enhance device authentication algorithms and to reduce the “grey” zone in decision making process. This time we decided to focus on those who are on the front line of fight with fraud and high risks and to furnish out with usable interface to conduct online risk evaluation and monitoring.

Today, we are pleased to introduce Risk Management as a Service, which is a quintessence of technology for extracting and processing non-personal data on device, user and user behaviour, secure biometry and multifunctional user interface.

We invite you to the first demonstration of our Risk Management as a Service platform to share this important moment with us!

The product prototype we presented represents a practical implementation of our principles and technologies, combines the three most important components:

Already familiar to many of you, the necessary set of libraries and SDKs for collecting data about the device, Internet connection and user behaviour in the web and mobile channels;  
Open API with a high-informative data vector for model design and risk evaluation and  
The client’s personal account, where there is the necessary functionality for the practical application of the obtained data and the design of the risk management process and solving the problems associated with it, which the risk manager or underwriter faces in everyday work.

Three and a half years ago, we opened a new chapter in digital risk management and during that time showed that the online financial world can be made safer by refusing personal data and significantly reducing risks for all its participants; and many thanks to our partners and clients who share our principles and succeed, including with our help and support

In November 2019 we were demoing at Finovate for the third time – it was Finovate Middle East in Dubai. Similar to previous Finovate conferences which we had honour to be invited in 2018 we keep showing non-personal data efficiency and secure use of biometry for authentication and risk evaluation.

Finovate Middle East 2019. Risk Management as a Service prototype demo

Finovate Middle East 2019. Презентация прототипа решения Risk Management as a Service

В конце октября нам выпала честь выступить на конференции Finovate Asia 2018! Как и несколькими месяцами ранее, мы продолжаем демонстрировать эффективность неперсональных данных, рассказывая об успешном решении задач по аутентификации клиента и снижению уровня риска за счет анализа устройства и поведения пользователя в сети.

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_At the end of October, we had the honor to speak at the Finovate Asia 2018 conference! Like a few months earlier, we continue to demonstrate the efficiency of non-personal data, telling about the successful resolving of client authentication and risk reduction tasks through device and user network behaviour analysis._

_However, this time we tried to prepare a special presentation and for the first time demonstrated a prototype of our new product that implements the principles of dynamic authentication and increases the end-user security!_

[Earlier we shared ](/en/loan-for-mona-lisa-en/)our thoughts regarding the difficulties of applying classical biometrics and the importance of dynamic authentication. Today we are happy to go from the idea to the action and to present you a service that allows you improving your credit rating via selfie!

We invite you to the first JuicyBio demonstration to share this important moment with us!

Finovate Asia 2018\. Presentation of the prototype of our dynamic authentication solution.The product we presented allows enrichment the data provided by the classic JuicyScore, increasing authentication accuracy, reducing the second type error. Moreover, it significantly improves end-user security and prevents from answering unnecessary questions and sharing a lot of sensitive information.

Meanwhile, the picture does not leave the applicant’s device and not transferred and not stored anywhere outside as only a few descriptive attributes are collected. This means that very soon the use of biometrics will be safe and simple as taking a picture as a keepsake!

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Recognize us by orange ties and do not hesitate to skip personal data!

At the end of October, we had the honor to speak at the Finovate Asia 2018 conference! Like a few months earlier, we continue to demonstrate the efficiency of non-personal data, telling about the successful resolving of client authentication and risk reduction tasks through device and user network behaviour analysis.

Finovate Asia 2018. Dynamic authentication solution prototype demonstration

Finovate Asia 2018. Презентация прототипа решения по динамической аутентификации

На основных международных финансовых рынках сейчас идет активная переоценка существующих подходов по использованию и важности персональных данных. Вступление в силу новой директивы GDPR в ЕС по защите персональных данных скорее всего является только началом. И мы можем ожидать появление новых директив по управлению данными PSD3 и GDPR2 в ближайшие 3-5 лет. Данные нововведения не являются специфичными для ЕС, скорее всего мы увидим подобные инициативы на других рынках в ближайшее время.

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Currently, an active reassessment is under way regarding the use of personal data in the number of regions worldwide. The new [GDPR](https://ru.wikipedia.org/wiki/%25D0%259E%25D0%25B1%25D1%2589%25D0%25B8%25D0%25B9%5F%25D1%2580%25D0%25B5%25D0%25B3%25D0%25BB%25D0%25B0%25D0%25BC%25D0%25B5%25D0%25BD%25D1%2582%5F%25D0%25BF%25D0%25BE%5F%25D0%25B7%25D0%25B0%25D1%2589%25D0%25B8%25D1%2582%25D0%25B5%5F%25D0%25B4%25D0%25B0%25D0%25BD%25D0%25BD%25D1%258B%25D1%2585?ref=juicyscore.com) will enter into force in the EU, and this is likely to be only the beginning. We may expect new regulations on personal data – PSD3 and GDPR2 data in the next 3–5 years. Those directives are not specific to the EU. It is highly likely that we will see similar initiatives in other markets in the nearest future.

The primary reason behind those changes in the regulatory framework is regulators’ demand for enhanced security of personal data and end users.  
Today, on the one hand, personal data is the key to a wide range of online services, which is obviously a positive aspect. On the other hand, insufficient regulation leads to personal data leakages, which is the opposite side of the wide of digital services.

The existing difficulties connected with personal data are not limited to security. Another problem, which many companies are now trying to resolve, is the relatively low information value of personal data in the online area comparing with the offline world. The solution lies in finding additional information sources / data systems that are not connected to personal data or an individuals.

We are at JuicyScore – have substantially challenged the value of personal data. And we have created a full-fledged platform for risk management for financial online organisations based on non-personal data that makes it possible to significantly enrich and increase the efficiency of existing risk management solutions. This platform is grounded on the following principles:  
— no personal data is involved;  
— a wide range of online predictors is available that may be easily integrated into the risk assessment process;  
— a set of online tools is available for online monitoring and risk strategies adjustments.

Our first public presentation was held at [Finovate](http://finovate.com/?ref=juicyscore.com), one of the most prestigious international venues for financial innovations:

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[Finovate](https://finance.knect365.com/finovateeurope/?ref=juicyscore.com) was organised at very high level. We hope that, similar Fintech international conferences will be held in Moscow in the nearest future.

Currently, an active reassessment is under way regarding the use of personal data in the number of regions worldwide. The new GDPR will enter into force in the EU, and this is likely to be only the beginning. We may expect new regulations on personal data – PSD3 and GDPR2 data in the next 3–5 years. Those directives are not specific to the EU. It is highly likely that we will see similar initiatives in other markets in the nearest future.

JuicyScore & Finovate 2018 – value of non-personal data

JuicyScore & Finovate 2018 — ценность неперсональных данных

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finovate

A collection of 3 posts

Finovate Middle East 2019. Презентация прототипа решения Risk Management as a Service

Finovate Asia 2018. Презентация прототипа решения по динамической аутентификации

JuicyScore & Finovate 2018 — ценность неперсональных данных

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