Cross-border collaboration
Ensuring anonymity of transacting parties and private data sets.
BENEFITS
Cross-border financial operations,
without any challenges.
Encrypted data in use
Data remains within your environment at all times, eliminating exposure risks & single points of failure.
Pre-Built Use Cases
Optimised for common financial collaboration scenarios, enabling faster execution and easier adoption.
Built-In Regulatory Compliance
Adheres to privacy mandates like data localisation, ensuring smooth cross-border collaboration.
Verifiable Consent Enforcement
Cryptographically ties data usage to consent terms, ensuring computations align strictly with granted permissions.
Unlock Value from Inaccessible Data
Enables better screening and risk modelling by accessing data that was previously off-limits, reducing false positives.
Privacy-Enabled Network Effects
Encourages broader participation, unlocking richer data pools and improving fraud detection accuracy.
SILENCE | BIS | PROJECT MANDALA
Project Mandala by BIS explores the feasibility of encoding jurisdiction-specific policy and regulatory requirements into a common protocol for cross-border use cases such as foreign direct investment, borrowing and payments.
Silence's Contribution
Does the transaction involve entities present on a private sanctions list?
Does executing the transaction induce a customer’s total capital flows to exceed a specified limit?
Resources
Frequently Asked Questions
Who can access the data during computation?
Where can the solution be deployed?
Can the solution handle checks other than sanctions screening?
How many parties can participate in the compliance checks?
How does the solution improve collaboration and check accuracy?