Solutions – Banking
The Privacy Layer for Banking
Mitigate data risk, ensure compliance, enable next-gen data discovery, and safely deploy generative AI.
Private AI is used by several leading financial institutions across multiple segments
Understanding and minimizing the PII, PCI, and CCI information you hold are key compliance requirements.
Identifying and minimizing PII, PHI, PCI, and CCI (Confidential Company Information) are critical parts of most internal compliance programs. However, these programs are driven not only by a plethora of regulations, such as PCI DSS, GDPR, Law 25, and the GLBA but also by the different needs of each segment. For example, the data protection needs in Retail banking are vastly different from those in Investment Banking.
Doing so is no easy feat in banking, where data can live hidden within free text fields in databases, embedded files, storage buckets and network drives with handwritten content on PDF scans, Word documents and images. The volumes, variety, and complexity of the data involved mean banks are dealing with messy, disfluent data, OCR errors, and multilingual and multinational information.
Selected Detection And Redaction Use Cases
Get Your Generative AI POCs Into Production
Generative AI has the potential to transform the banking industry, but security and regulatory compliance are key concerns when using such systems. This has resulted in cases of multi-million dollar Generative AI investments held up at the POC stage. Private AI unblocks such projects by removing sensitive information before it enters the Generative AI system.
Unlock Data For Your Data Science Teams
By anonymizing sensitive data, Private AI also reduces the time and effort required by Data Science teams to get access to internal data sources, allowing projects to be accelerated by months.
Leverage Contact Center Data for Insights, While Ensuring Compliance
AI has enabled a number of quality and efficiency improvements in Call & Contact Centers, such as the ability to monitor customer satisfaction and agent performance across every call.
Data privacy & regulatory compliance, including with PCI DSS, is a key concern when using such AI-based software, which is usually run in the cloud and requires customer data to be sent outside your org, or to your internal Data Science teams.
Private AI’s on-premise solution redacts transcripts and audio before it leaves your premises, enabling AI-based software without compromising user privacy.
Try it today, your data science and compliance teams will love you for it!
Next-Generation Data Discovery
Legacy DLP and compliance software have traditionally failed to detect unstructured data contained in network drives and storage buckets. Such PII detection systems are based on specific rules, which are difficult to configure and require extensive maintenance.
Private AI’s proprietary technology scans PDFs, Word, PowerPoint, and other document formats within your own environments at a far higher level of accuracy while significantly reducing False Positives. And that’s all out of the box—no configuration or rule creation required, and no sharing data with a third party!
Private AI can even scan databases and data lakes, which often contain large amounts of text such as agent notes and even files, enabling accurate reporting of PII for Privacy Impact Assessments (PIAs), incident response, and risk assessments.
Why Private AI
Unrivaled Accuracy
Private AI has been independently verified by Armilla AI and comes with an accuracy warranty from SwissRE.
Built for Enterprise
Choose between on-premise or self-hosted deployment in your cloud environment with a system that is built for scale and currently serves billions of API calls per month.
Identify and Remove Only What You Need
Private AI supports over 50 different entity types, enabling insurance providers to only remove what’s necessary. For example, remove street name and number while keeping postal code, city and state information.
Deploy Globally
Easily process data across your entire organization in over 50 languages. Private AI is currently deployed in Japan, Hong Kong, Australia, USA, Canada, Germany, UK and Switzerland.
See our Redaction Capabilities in Real-Time
Type your text into the demo or select a pre-populated example from the list on the left to see our AI-powered solution in action:
Redact PDFs & Files
Upload a file into the box below to see our PDF and file redaction capabilities. Files must be less than 5MB and processing may take up to 1-2 minutes depending on the file size.
Mitigate LLM Privacy Concerns with PrivateGPT
With PrivateGPT, businesses can easily scrub out any personal information that would pose a privacy risk before it’s sent to ChatGPT, and unlock the benefits of cutting edge generative models without compromising customer trust.
Create a free account to try PrivateGPT today:
Get a free API Key
Create a free account on our customer portal and generate a free API key for 500 calls (approximately 50k words). No commitment, no credit card required!
See our Redaction Capabilities in Real-Time
Type your text into the demo or select a pre-populated example from the list on the left to see our AI-powered solution in action:
Redact PDFs & Files
Upload a file into the box below to see our PDF and file redaction capabilities. Files must be less than 5MB and processing may take up to 1-2 minutes depending on the file size.
Mitigate LLM Privacy Concerns with PrivateGPT
With PrivateGPT, businesses can easily scrub out any personal information that would pose a privacy risk before it’s sent to ChatGPT, and unlock the benefits of cutting edge generative models without compromising customer trust.
Create a free account to try PrivateGPT today:
Ready to Unlock Your Data?
Private AI provides software teams with an intuitive, scalable, high-performance API that seamlessly fits existing architectures, enabling them to deliver privacy-preserving, compliant products quickly.
Read more about Data Privacy in Banking:
