The privacy compute engine provider has no access to the inputs, queries or the outputs of computation. Data is encrypted in use.
The solution can be deployed on prem with the banks, or can be offered in a SaaS model.
Scripts can be defined for various checks like sanctions, screening, capital flow management, & transaction monitoring among others.
The checks are not limited to just two parties, any number of parties can collaborate to perform compliance checks.
The solution not only enables privacy friendly collaborations, but also improves check accuracy by unlocking additional datapoints such as PIls.