ALTR, an Austin, Texas-headquartered blockchain-based data security platform, as per recent reports, has announced entering into a partnership agreement with Q2, an Austin, Texas-based provider of secure, cloud-based digital banking solutions, to unveil a new solution to improve data security.
In view of Q2’s approach, the Q2 TrustView tech, powered by ALTR, enables data management and protection by mitigating security-related breaches in real time. The solution fragments personally identifiable information (PII) across a private, low-latency blockchain, thus offering protection to critical data, by making data-at-rest unusable to unauthorized parties.
Furthermore, Q2 TrustView powered by ALTR, enables authorized users to gain comprehensive insights such as who has access to sensitive information, along with information on when and how frequently that data is accessed.
“Great financial experiences are built on a foundational confidence and trust that an account holder’s data will be protected,” stated Adam Blue, CTO, Q2. “With Q2 TrustView, we are strengthening our data management approach to ensure that protections are in place for our customers and their users at every step of the data journey.”
Also, speaking on this, ALTR’s CEO, Dave Sikora praises Q2’s leadership in a “highly-regulated industry,” and remarks ALTR’s technology as the “powerful validation of the confidence (that) banking and lending institutions” have in ALTR.
Adding further, he says, “Data is critical to these institutions, and the integration of ALTR’s smart driver and blockchain technologies into Q2 TrustView reinforces Q2’s approach to data security, privacy, and governance by implementing a critical human error countermeasure.”