In the context of Anti-Money Laundering (AML) transaction monitoring processes, banks can collaborate and jointly compute advanced risk assessment algorithms that consume information available in the different banks about their customers without actually having to share that information by using our patented multi-party computation (MPC) cryptographic protocol.

Sedicii has developed a solution that allows financial institutions to securely share the knowledge they have about clients or transactions, without disclosing the underlying data or information (PII). This enables financial institutions to identify potentially suspicious transactions and clients more clearly and more accurately by combining the risk information they have – which will enable more effective detection of criminal activity.