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Your data deserves the greenlight
WHO WE ARE
In the financial realm, validation and verification are essential not only for regulatory compliance but also as a best practice to prevent unnecessary fraud and maintain profitability. Greenlight Data, powered by ChainIT, captures and transforms attribute data into secure Validated Data Tokens (VDTs) through smart contracts, biometrics, authentication layers, and a user-friendly Touch Audit feature, ensuring transparent and fraud-resistant data with easy validation. This approach allows finance professionals to verify transaction attributes in a tamper-proof record, enhancing accuracy and integrity.
THE PROBLEM
As digitalization and advanced fraud escalate, the finance and loan sector's vulnerability to fraud grows annually, with an estimated $9 billion lost in US fraud in 2022, impacting industry costs, services, infrastructure, and customers; Greenlight Data emerges as a vital solution to counter digital fraud's detrimental effects on lenders, buyers, sellers, attorneys, and insurers by addressing easily preventable fraudulent activities.
THE SOLUTION
Greenlight Data uses our patented technology to create a permanent data record for each financial event. By validating and then connecting the biometric digital identity of the parties involved, the who attribute, with the validated attributes of where, when, and what, Greenlight Data enables full verification and transparency for each financial transaction.
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