Why is Synthetic Data Safer?
As data privacy laws and regulations such as GDPR, CCPA, and GLBA crowd the industry landscape, Facteus’ Synthetic Data methodology helps keep client data safe and compliant.
How Can Synthetic Data Help Financial Services Organizations?
Unlock All Your Data
Raw Data Universe
10% of transaction data available for AI/ML
- Only able to access minimal percentage of transactions for ML / AI Innovation
- Other percentage of data includes PII and too risky
Facteus' Mimic™ Synthetic Data Solution
Synthetic Data Universe
100% of transaction data available for AI/ML
- Access to all transaction data for ML / AI Innovation
- Data is safe and compliant with data privacy regulations
- Maintains statistical relevance for ML algorithms
Why Are Synthetic Data-based Products So Valuable?
Transaction truth and unprecedented granularity. Even though synthetic data has been transformed to protect consumer privacy and adhere to regulations, it still contains the “truth” of actual transaction data history, location, type and volume—not just trends. Facteus Data Suite products include synthetic data encompassing billions of transactions that are statistically significant and safe to work with.
Let’s discuss your data exhaust and how Synthetic Data can monetize it.
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