Last Updated on: 30th November 2023, 08:43 am
Hazy, a leader in providing tabular synthetic data, today announced the availability of its Synthetic Data Platform on Temenos Exchange, a comprehensive ecosystem of integrated fintech solutions. This integration with Temenos facilitates banks’ quick access to secure, AI-generated synthetic data for production use.
Based in London, UK, Hazy’s platform enables the creation of safe, synthetic data, acting as a perfect stand-in for real data, utilising generative AI. This breakthrough allows customers to access top-tier data promptly without compromising customer privacy.
In partnership with Temenos’s top-notch core banking platform, the integration of synthetic data is set to revolutionise customers’ adoption of AI, large-scale testing, innovation, and analytics, propelling the banking sector forward.
Temenos Exchange, renowned for its rapid market innovation and scalability, offers a range of ready-to-use, vetted fintech solutions. These can be seamlessly integrated with Temenos’s open platform for composable banking, enabling banks to swiftly create new financial services while reducing developmental costs.
Martin Bailey, Director of Innovation and Ecosystems at Temenos, stated: “Temenos Exchange acts as an accelerator for fintechs and software developers, helping them develop, validate and monetise new banking solutions. The integration with Temenos and joining Temenos Exchange means Hazy can write once and be readily available to the thousands of banks globally that run on our platform.”
Harry Keen, Co-founder and CEO of Hazy, expressed, “We are excited to launch Hazy on the Temenos Exchange in what is a significant step in greater access to enterprise-grade synthetic data. In an era marked by increasing concerns about data breaches, privacy violations, and stringent regulatory frameworks, synthetic data is fast becoming the go-to data privacy tool and the standard for sharing and using data safely.
For the last seven years, we’ve focused on building a robust platform that serves banking firms with complex environments and a lot of data. This collaboration with Temenos and other leading providers in its marketplace will enable greater scale of the technology and is a prime example of generative AI being used to drive the next era of banking.”
Hazy’s presence on Temenos Exchange deepens our dedication to the banking community, facilitating Temenos clients to effortlessly harness the advantages of tabular synthetic data. We look forward to capitalising on the capabilities of the Temenos platform to achieve our business aims.”
