Fintech
Sixgill Launches Integrity, The Blockchain Data Authenticity Solution
Santa Monica, CA, Nov. 19, 2019 (GLOBE NEWSWIRE) — (via Blockchain Wire) Sixgill, LLC, a leader in data automation and authenticity products and services, today announced the commercial launch of Sixgill Integrity™ 1.0 for blockchain-enforced data authenticity.
Sixgill Integrity fulfills the critical enterprise need for end-to-end, real-time data authenticity assurance with robust capabilities to monitor and guarantee the veracity of any data stream, including today’s sensors emitting time-series data in any form.
Integrity provides organizations with absolute assurance that the data they create, transmit, process, act on, and store remains unchanged and tamperproof throughout its lifecycle. In short, Integrity ensures that organizations – including their stakeholders, regulators, clients and others – can truly trust their data, particularly for high-stakes data automation applications.
Blockchain is too slow to achieve real-time operational performance for most mission critical use cases if all the data must flow through the blockchain. Sixgill chose a hybrid, on-chain/off-chain architecture. Integrity ensures that organizations will benefit from the unparalleled security, transparency and immutability of private and public blockchain networks, while using off-chain capabilities for storing, processing, verifying and safely operationalizing vast amounts of data.
Use cases for Sixgill’s new blockchain-secured data authenticity solution span a wide range of industries and needs, including these:
Integrity’s benefits are already being realized in the healthcare industry. New York and Austin-based Litmus Health – an early pilot adopter – uses Sixgill Integrity in its end-to-end data science platform for clinical research to ensure the immutability of clinical trial data.
“We needed to be able to provide sponsors and, ultimately, the FDA, with an ironclad lineage for their data,” says Dr. Samuel Volchenboum, Chief Medical Officer for Litmus Health. “Implementation of Sixgill Integrity helps ensure that all data is collected, stored and analyzed in an immutable, trackable and auditable way,” says Dr. Volchenboum.
For industries that rely on audit trails, Integrity provides a vital solution for compliance support and defense against data breaches involving electronic records. This can include health information and clinical research data, as well as financial, accounting and billing records, manufacturing design controls, ecommerce sales, IT helpdesk records, university student records, quality assurance and control, 3-D printing and CNC instruction sets, and even voting records.
“In today’s highly digitized and data-intensive world, ensuring the authenticity and integrity of data has become a mission critical concern,” says Phil Ressler, CEO of Sixgill. “Any data compromise whatsoever can have disastrous business, operational, legal, regulatory, or even life-threatening consequences. Sixgill Integrity improves on the unrivaled integrity of blockchain by adding in real-time operational speed and scale that today’s organizations require.”
Sixgill Integrity 1.0 Technical Details
Integrity stands apart from other data security offerings in that it combines the maximum-integrity properties of distributed ledger technology (DLT) with the speed of a modern distributed data system. This is made possible by Integrity’s unique on-chain/off-chain architecture that marries the immutability of private and public blockchains with an off-chain data layer that preserves real-time performance at scale. By combining DLT and (where possible) Edge computing, Integrity is able to use blockchain and cryptography to completely authenticate data origin and verify data content and chronology.
Sixgill Integrity 1.0 provides organizations with:
Data Integrity Is An Emerging Enterprise Necessity
The need for data security and authentication has never been greater. The continued rapid expansion of data processing in the cloud makes these complex networks ever more vulnerable to intrusions, while the proliferation of connected devices vastly expands the attack vectors into device networks. Sixgill regards networks as indefensible and assumes bad actors can and will get into any system. Sixgill sees data itself as defensible, with Integrity the result.
Data streams exploding from the Internet of Everything (IoE) can be tampered with, hacked or changed without even the most diligent organizations ever knowing – or not knowing soon enough to avert severe damage. Sixgill Integrity provides the data security backstop that today’s organizations so desperately need.
Contact Sixgill for more information. View or download a Sixgill Integrity product overview here, along with this independent IoT Data Security Market report from Frost & Sullivan, which profiled Sixgill as “a leading provider of IoT data services.”
About Sixgill
Sixgill provides a full suite of universal data automation and authenticity products and services that enable organizations to govern IoE assets. With the Sixgill® product suite, organizations easily acquire, analyze and act on IoE data, at any velocity or scale. Meeting the increasing necessity for end-to-end sensor data management, process automation and analytics for sensor-informed operations, Sixgill offers Sense™ for IoE data enrichment and automation, Sense Vision™ for ML-based camera data intelligence, and Integrity™ for blockchain-based authenticity. HyperLabel™, by Sixgill, is a desktop application for creating, automating, updating, and managing annotated datasets for Machine Learning. To learn more, visit Sixgill.com.
© 2019 Sixgill, LLC. All rights reserved. Trademarks and logos are the property of their respective owners.
Daniel Kehrer | Sixgill, LLC | [email protected]
As we close out 2024, the fintech industry continues to deliver headlines that underscore its dynamism and innovation. From IPO aspirations to groundbreaking regulatory milestones, today’s updates highlight the transformative power of fintech partnerships, regulatory evolution, and disruptive technologies. Here’s what you need to know.
Chime’s Quiet Step Toward Public Markets
Chime, the U.S.-based financial technology startup best known for its digital banking services, has taken a significant step by filing confidential paperwork for an initial public offering (IPO). As one of the most valuable private fintechs in the U.S., Chime’s move could potentially signal a renewed appetite for fintech IPOs in a market that has been cautious following fluctuating valuations across the tech sector.
With a valuation that reportedly exceeded $25 billion in its last funding round, Chime’s IPO could set a new benchmark for the industry. Observers note that its strong customer base and revenue growth may make it an appealing choice for investors seeking to capitalize on the digital banking boom. However, the timing and success of the IPO will depend on broader market conditions and the regulatory landscape.
Source: Bloomberg
ZBD’s Pioneering Achievement: EU MiCA License Approval
ZBD, a fintech company specializing in Bitcoin Lightning network solutions, has made history by becoming the first to secure an EU MiCA (Markets in Crypto-Assets Regulation) license. This landmark approval by the Dutch regulator positions ZBD at the forefront of compliant crypto-fintech operations in Europe.
MiCA, which aims to harmonize the regulatory framework for crypto-assets across the EU, has been a focal point for industry players aiming to establish legitimacy and expand their offerings. ZBD’s achievement not only validates its operational rigor but also sets a precedent for other fintech firms navigating the evolving regulatory landscape.
Industry insiders view this as a strategic advantage for ZBD as it broadens its footprint in Europe. By leveraging its regulatory approval, the company can accelerate its product deployment and establish trust with institutional and retail users alike.
Source: Coindesk, PR Newswire
The Fintech-Credit Union Synergy: A Blueprint for Innovation
The convergence of fintechs and credit unions continues to reshape the financial services ecosystem. Collaborative initiatives, such as the one highlighted in the recent partnership between fintech innovators and credit unions, are proving to be a potent force in delivering tailored financial solutions.
This “dream team” approach allows credit unions to leverage fintech’s technological expertise while maintaining their community-focused ethos. Key areas of collaboration include digital payments, personalized financial management tools, and enhanced loan processing capabilities. These partnerships not only enhance member engagement but also enable credit unions to remain competitive in an increasingly digital-first financial environment.
Industry analysts emphasize that such collaborations underscore a broader trend of traditional financial institutions embracing fintech-driven solutions to bridge service gaps and foster innovation.
Source: PYMNTS
Tackling Student Loan Debt: A Fintech’s Mission
Student loan debt remains a pressing issue for millions of Americans, and a Rochester-based fintech aims to offer relief through its cloud-based platform. This innovative solution is designed to simplify loan management and provide borrowers with actionable insights to reduce their debt burden.
The platform’s features include repayment optimization tools, personalized financial education, and seamless integration with loan servicers. By addressing the complexities of student loan management, this fintech is empowering borrowers to make informed decisions and achieve financial stability.
As the student loan crisis continues to evolve, solutions like this highlight the critical role fintech can play in addressing systemic financial challenges while fostering financial literacy and inclusion.
Source: RBJ
Industry Implications and Takeaways
Today’s updates underscore several key themes shaping the fintech landscape:
- Regulatory Milestones: ZBD’s MiCA license approval exemplifies the importance of regulatory compliance in unlocking growth opportunities.
- Strategic Partnerships: The collaboration between fintechs and credit unions demonstrates the value of combining technological innovation with traditional financial models to drive customer-centric solutions.
- Market Opportunities: Chime’s IPO move reflects a potential revival in fintech public offerings, signaling confidence in the sector’s long-term prospects.
- Social Impact: Fintech’s ability to tackle systemic issues, such as student loan debt, showcases its role as a force for positive change.
The post Fintech Pulse: Your Daily Industry Brief (Chime, ZBD, MiCA) appeared first on News, Events, Advertising Options.
Leading global payments platform SPAYZ.io has confirmed it will be attending iFX EXPO Dubai 2025 on 14 to 16 January. Exhibiting at Stand 64 at Trade Centre Dubai, SPAYZ.io’s team of professionals will be on hand providing live demonstrations of its renowned payment services for payment providers. Attendees will also receive exclusive insight into SPAYZ.io’s plans for 2025 alongside early early access to its upcoming plans for the new year.
SPAYZ.io delivers a host of payment solutions that leverage the latest technological innovations and open access to the fastest growing emerging markets across Africa, Europe and Asia. Over the past year, there has been huge demand for its Open Banking and local payment method services, alongside bank transfers, mass payouts, online banking and e-wallets.
Yana Thakurta, Head of Business Development at SPAYZ.io commented: “We look forward to once again participating at iFX Dubai to expand our network of partners and clients. It’s a fantastic way to kick off the year, connecting with thousands of industry leaders from FOREX platforms to trading companies, and everything in between.
“Our key goal for iFX Dubai EXPO 2025 is to expand our portfolio of solutions and geographies. We’re using this as an opportunity to partner with like-minded entities who share our ambition to provide payment solutions that are truly global.”
Come meet SPAYZ.io’s team at the Trade Centre Dubai at Stand 64. You can also book a meeting slot with a member of a team.
The post SPAYZ.io prepares for iFX EXPO Dubai 2025 appeared first on News, Events, Advertising Options.
Airtm, the most connected digital dollar account in the world, is proud to announce the addition of two distinguished industry leaders to its Board of Directors: Rafael de la Vega, Global SVP of Partnerships at Auctane, and Shivani Siroya, CEO & Founder of Tala. These appointments reflect Airtm’s commitment to innovation and financial inclusion as the company enters its next phase of growth.
“We are thrilled to welcome Rafael and Shivani to Airtm’s Board of Directors,” said Ruben Galindo Steckel, Co-founder and CEO of Airtm. “Their unique perspectives and proven track records will be invaluable as we continue scaling our platform to empower individuals and businesses in emerging markets. Together, we’ll push the boundaries of financial inclusion and innovation to create a more connected and equitable global economy. Rafael and Shivani bring a wealth of experience and strategic insight that will strengthen Airtm’s mission to connect emerging economies with the global market.”
Rafael de la Vega, a seasoned leader in fintech global partnerships and technology innovation, is currently the Global SVP of Partnerships at Auctane. With a proven track record of delivering scalable, impactful solutions at the intersection of fintech, innovation, and commerce, Rafael’s expertise will be pivotal as Airtm continues to grow. “Airtm has built a platform that breaks down barriers and opens up opportunities for people in emerging economies to connect to global markets. I am excited to contribute to its growth and help further its mission of fostering financial inclusion on a global scale,” said Rafael.
Shivani Siroya, CEO and Founder of Tala, is a pioneer in financial technology, renowned for empowering underserved communities through access to credit and essential financial tools. Her leadership in leveraging data-driven innovation aligns seamlessly with Airtm’s vision of creating more equitable financial opportunities. “Empowering underserved communities has always been at the core of my work, and Airtm’s mission resonates deeply with me. I’m thrilled to join the Board and work alongside such a dynamic team to expand access to financial tools that truly make a difference in people’s lives,” said Shivani.
The post Airtm Enhances Its Board of Directors with Two Strategic Appointments appeared first on News, Events, Advertising Options.
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