FinTech Studios™, the leading intelligent financial information network of curated FinTech apps and big-data analytics operated in partnership with dozens of top FinTech software companies, data providers and financial institutions, announced today a strategic distribution partnership with Private Data Solutions.
Private Data Solutions was founded in 2014 by co-founders Mike Marenick and Robert McHugh. Private Data Solution’s PDAuthTM universal authentication technology is a revolutionary patent-pending solution for authenticating transactions and users without storing private information in the cloud. PDAuthTM uses end-to-end encryption, coupled with multi-factor authentication to securely transfer, authenticate and transact digitally. The application was developed with the vision of reducing risk and liability for all online activity.
FinTech Studios’ cloud-based intelligent information network seamlessly integrates FinTech apps, news, research, financial data and big-data analytics from dozens of cloud partners. FinTech Studios targets millions of investors, portfolio managers, research analysts, bankers, brokers, financial advisors, RIAs, traders and corporate executives at banks, brokerage firms, asset management firms, hedge funds, financial advisory firms, private equity firms and venture capital firms, as well as public and private companies. FinTech Studios was founded in 2014 by Jim Tousignant, the Company’s CEO, who previously was co-founder and President of Multex, a leading online research and financial information platform that went public in 1999 and achieved a market cap of $1.5 billion.
FinTech Studios cloud platform includes advanced machine learning, artificial intelligence and natural language processing technology to automate the intelligent indexing of business and financial content from millions of web sites, blogs and online sources integrated with actionable market data, research and big-data analytics to simplify and enrich information discovery, research, analysis, workflow and collaboration.
“FinTech Studios is excited to be partnering with Private Data Solutions and integrating PDAuth’s revolutionary multi-factor secure authentication technology into our FinTech Studios cloud platform. While cloud technology represents a major increase in capability for a much cheaper price, there is a global data crisis emerging as personal and financial information is being hacked and stolen daily from all industries, particularly the highly-targeted financial services industry. As a result, data security, authentication and data privacy has become the number one priority for financial institutions around the world. Integrating Private Data Solutions into our intelligent information network will allow FinTech Studios to provide our client and partners with a unique technology that securely connect authenticated data to authenticated users.
“By leveraging our patent-pending technology that returns privacy and eliminates liability for our clients Private Data Solutions is uniquely positioned to offer technologies that reduce risk and protect data,” said Mike Marenick, Co-Founder of Private Data Solutions. “Often in digital based financial applications and transactions, the user is sharing PII and PCI information with multiple companies and persons, passing through and laying at rest on multiple systems. All it takes is one such system to be compromised and the information is exposed to the world. At Private Data Solutions, we want to reduce the number of systems and people that have access to the data. Partnering with Fintech Studios provides us a strong partner to leverage our unique technology in the financial services industry.”