Supporting BCP’s contribution to €6.5 million Finnish-led PRIVASA project
20 April 2021 – Zurich, Switzerland and Espoo, Finland – BC Platforms (BCP), a global leader in healthcare data management, analytics and access, announced a new strategic partnership with US-based company TripleBlind to help drive the development of privacy and intellectual property rights (IPR) preserving “federated AI” for its BCRQUEST.com Global Data Partner Network. The partnership will enhance BCP’s contribution to the Finnish-led PRIVASA (Privacy Preserving AI for Synthetic and Anonymous Health Data) consortium, which recently received EUR €6.5 million in funding by Business Finland to develop methods for the safe utilization of sensitive data.
The two-year PRIVASA project aims to promote access to, and sharing of, anonymised health data to accelerate product development by Finnish health technology companies operating in international markets. BCP will be contributing federated AI learning approaches to train machine learning algorithms without the need to exchange actual data. This method will enable BCP to address data governance and privacy requirements, as individual-level data never needs to leave its institution of origin. BCP’s partnership with TripleBlind will further improve this federated AI concept by ensuring IPR protection, encrypting analyses and results using its proprietary cryptographic technology.
Timo Kanninen, CSO and Founder of BC Platforms, said, “In partnership with TripleBlind, our new federated AI learning platform, which is based upon data from BCRQUEST’s global genomic and clinical database network, could significantly speed up research and development without compromising on patient privacy or IPR. AI has the potential to transform healthcare from a “one-size-fits-all” medicine approach to a personalized one, where individual treatment plans can be tailored for each patient, leading to an improved quality of care and significant cost savings.”
Riddhiman Das, CEO and Co-Founder of TripleBlind, said, “We are excited to be partnering with BCP, coupling our next-generation private data sharing technology with BCRQUEST’s data network for use in research environments with strict regulatory standards including GDPR, CCPA, and HIPAA. We look forward to enabling the network to share and collaborate with the vast amount of data that today is unaccessible and uncommercialized due to regulatory concerns. By improving privacy, we will enable the use of richer, more diverse third-party clinical and genomic datasets, facilitating the development of more accurate and less biased novel AI-based models.”
BC Platforms is one of the key corporate partners in the PRIVASA consortium, alongside the University of Turku, the Finnish Institute for Health and Welfare (THL) as well as a number of notable industry partners including Bayer, Fujitsu Finland, MVision, PerkinElmer and Polar Electro.
About BC Platforms
BC Platforms is a global leader in providing a powerful data and technology platform for personalized medicine, accelerating the translation of insights into clinical practice. Our technology drives the infinite loop between personalized care and research discoveries, leveraging latest science, deep technical expertise, strategic partnerships, and harmonized, diverse data collections. Our high performing genomic data discovery and analytics platform enables flexible data integration, secure analysis and interpretation of molecular and clinical information. Additionally, BC Platforms has developed a Global Data Partner Network BCRQUEST.com, which provides genomic and clinical cohort data for pharmaceutical and medical research and development. BC Platforms’ vision is to build the world’s leading analytics platform for healthcare and industry, providing access to diverse genomic and clinical data and samples from more than 5 million subjects, consolidated from a global network of Data Partners.
Founded in 1997 from an MIT Whitehead project spinoff, the Company has a strong scientific heritage underpinned by over 20 years of working in close collaboration with a network of leading researchers, developers, and industry partners. BC Platforms has global operations with its headquarters in Zurich, Switzerland, research and development in Espoo, Finland, and presence in London, Boston and in Singapore. For more information, please visit www.bcplatforms.com or follow us on LinkedIn @BC Platforms.
Vast amounts of data stored by enterprises today are inaccessible and not commercialized due to privacy concerns, operational complexity and regulation. TripleBlind’s patented breakthroughs in advanced mathematics arm organizations with the ability to share, leverage and commercialize regulated data, such as PII and PHI, and mission-critical enterprise data, such as tax returns and banking transactions. It unlocks the estimated 105 petabytes of data stored by enterprises today, creating new revenue opportunities while controlling data usage and automatically enforcing compliance with GDPR, HIPAA and other privacy regulations. For more information, visit tripleblind.ai.
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Bold Penguin, the world’s largest commercial insurance exchange, announced today a new partnership with NOW Insurance (NOW), an AI-enabled insurance platform designed to match small business owners and professionals with affordable insurance coverage. NOW Insurance will offer its medical malpractice and general liability coverage through Bold Penguin’s Agent Terminal in late 2021, opening its products to a network of thousands of agents across the United States. With the addition of NOW to the Terminal, Bold Penguin’s agency partners will gain online access to traditionally difficult classes of coverage, enabling them to quote and bind policies for professional customers in minutes.
“Two things we always look for in new carrier partners are a commitment to digital enablement and the ability to fill gaps in our existing offerings,” said Jen Tadin, Bold Penguin’s Chief Growth Officer. “NOW Insurance is a perfect fit for us on both fronts. They believe in the power of technology to make small commercial insurance easier just as much as we do, and their professional liability coverage will add more options in the exchange, ensuring a lot of added value for both NOW and our customers.”
“Professional liability can be a challenging sector in small commercial insurance, especially in the healthcare sector where the entire system is under an enormous amount of stress in the wake of COVID-19,” added Tadin. “Our partnership with NOW is going to make it easier than ever for people like registered nurses, physicians assistants, doctors, accountants — basically any professional that might not have access to online professional liability solutions — to get the coverage they need to take on consultative roles and leverage their experience to help others while protecting themselves.”
NOW Insurance currently operates on a direct-to-consumer model, offering a fast, easy quote-to-bind process. The company’s partnership with Bold Penguin marks their first venture into an agent-facing channel, extending its reach into a new market while maintaining the effortless buying experience at the core of its business.
“Whether you are a healthcare professional, a technology consultant, or anything in between, getting professionals the insurance they need shouldn’t require you to jump through hoops or pay exorbitant premiums,” said Philip Cabaud, CEO and co-founder of NOW Insurance. “Everything we do at NOW is rooted in the philosophy to eliminate the friction professionals currently encounter when evaluating and selecting their coverage options. By partnering with Bold Penguin, we are increasing accessibility to first-class coverage that meets the customers’ exact needs and requirements at affordable prices.”
The partnership between Bold Penguin and NOW Insurance also represents a significant opportunity for the thousands of insurance agents across the country using Bold Penguin’s Terminal to quote and bind small commercial policies. Not only will the addition of NOW ’s products enable them to offer their clients more choice, it also opens up new possibilities for niche specialization.
“Access to small commercial insurance is a pain point for all businesses, but it’s especially difficult for professionals working for themselves rather than bigger organizations like hospitals or firms,” said Karnina Szymanski, Bold Penguin’s President of Insurance. “The kind of access to professional liability coverage this partnership is going to give agencies is almost unheard of, and it’s going to open doors for certain forward-thinking agents to drive growth by laser-targeting underserved markets like medical malpractice.”
About NOW Insurance
NOW Insurance, a data-driven, AI-powered insurtech, is designed to disrupt a centuries-old business model to deliver a range of customizable, affordable and flexible coverage options that meet the needs and requirements of the modern business and professional. By leveraging advanced, next generation technologies such as predictive analytics and machine learning, NOW Insurance has transformed previously intricate and complex insurance processes into seamless, frictionless customer experiences. Located in San Francisco and Houston, NOW Insurance was founded in 2019 by industry veteran Philip Cabaud to provide best-in-class service for professionals and businesses in ways they have yet to experience with traditional, legacy insurers. For more information, please visit www.nowinsurance.com.
About Bold Penguin
Bold Penguin simplifies commercial insurance for everyone. Bold Penguin started out by building the world’s largest commercial insurance exchange, which has connected millions of small businesses to agents and underwriters. By leveraging the Bold Penguin technology, agents quoted over 1 million small businesses in 2020. Agents use the Bold Penguin Terminal, complete one application, and receive multiple quotes back from a diverse carrier panel. Bold Penguin was founded in 2016 by a group of entrepreneurs who spent their early days as agents working with carriers like Allstate, Nationwide and Progressive. For more details, please visit www.boldpenguin.com.
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Healthcare Industry Players Can Accelerate Innovation and Improve Patient Care While Enforcing Privacy and Regulatory Standards; Healthcare Companies and Institutions Can Save Up to $1.5 Million Per Dataset Per Collaborator
KANSAS CITY, MO., Feb. 3, 2021 –TripleBlind, creator of a rapid, efficient and cost effective data privacy and clean room solution based on breakthroughs in advanced mathematics, announced today it has entered the $3.8 trillion healthcare market now that it has a full suite of HIPAA compliant solutions. This comes on the heels of its announcement that TripleBlind is collaborating with Mayo Clinic researchers who will use TripleBlind tools to train new algorithms on encrypted data and validate interoperability of encrypted algorithms on encrypted data and the.
By eliminating manual anonymization and simplifying the compliance and legal processes around sharing data, healthcare organizations that use TripleBlind solutions can save significant amounts of time, resources and expense. Additionally, TripleBlind’s patented automatic de-identification technology allows utilization of all the available data about a patient, including data elements that had to be stripped off during anonymization, without the possibility of identifying individuals through reverse engineering.
“Some of the largest healthcare data breaches of the past five years have single-handedly impacted as many as 80 million people – almost all of those breaches were outright caused by, or made easier, due to decrypted data,” said Riddhiman Das, co-founder and CEO of TripleBlind. “The healthcare industry still has much work to do concerning properly protecting patient data. TripleBlind’s clean room solution removes most of the risk. It is the only solution that enforces HIPAA compliance with every API call and doesn’t just rely on good-faith adherence to BAA.”
How TripleBlind For Healthcare Works
TripleBlind encrypts, and never decrypts, data or algorithms, allowing only approved operations to be executed. Its virtual clean room ensures compliance for all collaborating parties as they never share raw patient data. On the other side, data scientists can perform all the operations they ordinarily would without the risk of working with raw data.
By eliminating decryption or the manual steps involved with de-identification, TripleBlind enables:
Usage of all data without the risk of re-identification;
No exposure of any raw health data, but usage of real data for training, inference and analysis;
Generalization of algorithms on varied datasets to reduce bias;
Normalization and feature engineering of data without breaking privacy;
Full interoperability without any hardware dependencies or moving data outside the firewall.
Healthcare Use Cases
TripleBlind’s rapid, efficient and cost effective data privacy and data clean room solution unlocks new opportunities for the healthcare industry, such as:
Healthcare companies and institutions can develop more accurate and less biased novel AI models by utilizing richer, more diverse third-party clinical datasets that are currently difficult or impossible to access, while respecting patient privacy;
Healthcare institutions and companies can collaborate around data that’s difficult or impossible to de-identify via other means, like genetic and biometric data;
Digital health data platforms can allow partners to run their algorithms on its encrypted data with no chance of counter-party data abuse;
Research institutes can create new revenue streams by licensing AI diagnostic algorithms without fear of reverse engineering;
Hospitals worldwide can get access to sophisticated AI algorithms as compliance with local and regional privacy standards becomes enforceable via an API;
Healthcare organizations can deliver digital medicine globally and more easily enforce compliance with global privacy standards.
TripleBlind’s patented breakthroughs in advanced mathematics arm organizations with the ability to share, leverage and monetize regulated data, such as PII and PHI, and mission-critical enterprise data, such as tax returns and banking transactions. It unlocks the estimated 105 petabytes of data stored by enterprises today that are inaccessible and unmonetized due to privacy concerns and regulations. With TripleBlind, decision-makers generate new revenue for their organizations by gaining deeper insights faster, creating improved modeling and analysis, and collaborating more effectively with customers and partners and even competitors, while enabling enterprises to enforce today’s regulatory standards, such as HIPAA, GDPR and PDPA.
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