Federated-Learning-Based Method and System Secures the Data Privacy on Personal Mobile Devices
BEIJING, May 16, 2022 /PRNewswire/ — Bairong Inc. (“Bairong” or “the Company”, 6608.HK), a number one unbiased AI-powered expertise platform in China, has been making efforts to develop new applied sciences to raised defend private privacy. Its new patent primarily based on federated studying can successfully defend privacy by limiting sure private data from being transmitted from customers’ cell units.
The patent – “A credit anti-fraud prediction method and system for mobile devices based on federated learning” – may be utilized as an necessary data processing and evaluation answer to guard non-public private data. With particular person non-public data not leaving customers’ cell units, the answer can notice joint modeling between particular person customers and industrial establishments, in order to keep away from leakage of non-public data from the supply and secondary leakage below technical evaluation.
“Data security relies on advanced privacy computing technologies,” mentioned Shaofeng Zhang, Founder and CEO of Bairong. “It is crucial to lay a solid foundation for privacy protection with patented technologies before commercial applications are widely deployed. We have long recognized the importance of data security for the digital economy, and have been developing innovative technologies in the field of data security and privacy computing.”
In a typical state of affairs of monetary data assortment and evaluation, if customers need to borrow cash on-line by way of their cell units, they first have to ship their private data, together with app checklist, contact data, geographical location, and tools identity quantity, to the server of monetary establishments throughout the software course of. The privacy and safety of non-public data could also be in danger on this course of.
With Bairong’s modern patent, customers not have to ship their private data from their cell units. The new answer can immediately develop a federal studying mannequin between customers’ cell units and monetary establishments, which might keep away from leakage of person data from the supply. While fixing the issue of data safety, extra data on cell units may be leveraged to enhance the accuracy of the prediction mannequin.
Bairong’s patented expertise has already been adopted by some monetary establishments. For a key FSP shopper, Bairong’s federated studying expertise was utilized to improve its credit score analysis mannequin. By making certain safety of data privacy and compliance, Bairong broke by way of “isolated island” limitations and built-in data from a number of events, which elevated the shopper’s mannequin analysis index Okay-S, immediately improved the asset enterprise effectivity with AI enabling transformation, and promoted cross operations with wealth administration enterprise.
China’s long-term blueprint for financial improvement has prioritized data safety to incorporate safety of commerce secrets and techniques and private privacy, laws of data safety and private data safety, and safety of data assets all through their life cycle.
Bairong’s patent on privacy safety is a pioneering expertise within the trade, which can present an modern answer to data safety and enterprise improvement sooner or later. In latest years, Bairong has elevated funding in R&D, and developed superior applied sciences in synthetic intelligence, cloud computing, blockchain, and privacy computing.
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About Bairong Inc.
Founded in March 2014, Bairong is a number one unbiased AI-powered expertise platform in China serving greater than 5,500 monetary providers supplier purchasers. Bairong was the biggest unbiased monetary massive data analytics options supplier in China. Adhering to the mission of empowering each monetary providers supplier in China with sensible and complete data analytics, Bairong has constructed a cloud-native expertise platform that helps the complete enterprise cycle of FSP purchasers, together with data analytics, decision-making help and sensible shopper operation options, enabling them to enhance threat administration potential, promote person exercise and operational effectivity. Bairong additionally gives massive data advertising and distribution providers that allow FSP purchasers to succeed in and serve their goal prospects extra successfully.
SOURCE Bairong Inc.