federated-learning
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The $40 Million Bet on Asking Questions Nobody Can See
Enveil turned a painfully slow branch of cryptography into enterprise software for banks, healthcare teams, and the military. Its clever trick is simple to describe and hard to build: use the data, reveal neither the question nor the answer.
Consilient
Consilient is a New York- and Washington, D.C.-based financial technology company that applies federated machine learning to anti-money laundering and financial crime detection. Its models learn from behavioral patterns across multiple banks and share the algorithms - not the underlying customer data - so institutions can collaborate on catching illicit activity while preserving privacy. Founded in 2020 as a joint venture between K2 Integrity and Giant Oak, the company's Dozer platform has demonstrated in bank trials that it can sharply cut false positives while improving true-positive detection.