Insurers Spy Revenue Creation Possibilities In APrivacy’s Secure Data Technology

09.29.2016 - Asia Pacific

A Hong Kong-based security firm providing secure means for banks to send private data to clients is seeing growing interest from the insurance industry as it claims its systems allow customers to create new revenue streams.

Cedric Jeannot, chief executive of financial technology (fintech) start-up APrivacy, said the company’s security features provide an invisible layer to allow banks to send financial information securely to clients through email, document sharing websites and other means.

Retail banks in Hong Kong and private banks in Singapore are the start-up’s biggest customers in Asia-Pacific, and it is now seeing interest from insurers.

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