Financial Transaction Security
Goldman Sachs Group, Inc. (GS)
Use Case: Financial Transaction Security with Eni6ma Technology
Challenge
Goldman Sachs, a leading global investment bank, handles vast amounts of financial transactions daily, each requiring the highest level of security to prevent fraud and ensure compliance with financial regulations. Traditional methods like MFA/2FA, while secure, can introduce delays and increase the complexity of transaction verification processes.
Solution
By integrating Eni6ma’s Cryptographic Hash Functions and Public Key Infrastructure (PKI) into its transaction verification processes, Goldman Sachs can eliminate the need for MFA/2FA while enhancing the security of its financial operations. The Rosario-Wang Proof ensures that each transaction is securely hashed and verified, preventing unauthorized access and tampering without the need for additional authentication steps.
Estimated Impact
- Security: Strengthened protection of financial transactions with quantum-resistant cryptographic methods, reducing the risk of fraud and unauthorized access.
- Compliance: Improved ability to meet financial regulations related to transaction security and data integrity.
- Operational Efficiency: Faster transaction processing times by removing the need for multi-step authentication processes, leading to improved client satisfaction and operational performance.
SUP PEOPLE
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