Hazy, a leading provider of tabular synthetic data, today announced that the Hazy Synthetic Data Platform is available on Temenos Exchange, the partner ecosystem of integrated fintech solutions.
The Hazy Platform enables organisations to create safe, synthetic, drop-in replacement for their real data using generative AI. Hazy’s synthetic data enables customers to quickly access production-quality data without compromising customer privacy.
Combined with Temenos’s market-leading core banking platform, synthetic data will drastically speed up customers’ adoption of AI, testing at scale, innovation and analytics to supercharge the next era of banking.
Temenos Exchange brings innovation to market faster, and at scale. The ecosystem offers pre-integrated and approved fintech solutions that can be easily deployed on top of Temenos’ open platform for composable banking, enabling banks to accelerate the creation of new financial services, while reducing the costs of development.
Martin Bailey, Director of Innovation and Ecosystems, Temenos, said:Temenos Exchange acts as an accelerator for fintechs and software developers, helping them develop, validate and monetise new banking solutions. The integration with Temenos and joining Temenos Exchange means Hazy can write once and be readily available to the thousands of banks globally that run on our platform.
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Harry Keen, Co-founder and CEO, Hazy commentedWe are excited to launch Hazy on the Temenos Exchange in what is a significant step in greater access to enterprise-grade synthetic data. In an era marked by increasing concerns about data breaches, privacy violations, and stringent regulatory frameworks, synthetic data is fast becoming the go-to data privacy tool and the standard for sharing and using data safely.
For the last seven years, we’ve focused on building a robust platform that serves banking firms with complex environments and a lot of data. This collaboration with Temenos and other leading providers in its marketplace will enable greater scale of the technology and is a prime example of generative AI being used to drive the next era of banking.