Saxo Bank Taps Baffle for Data Protection

Baffle, Inc. (Baffle), a startup that aims to prevent data breaches by keeping data encrypted from production through processing, announced that Saxo Bank is deploying Baffle Data Protection Services to protect sensitive customer data, ensure compliance with stringent regulations, and support the bank's migration to a highly scalable cloud and microservices architecture. Saxo Bank will also be integrating Baffle into its customer-facing products.

Fazzaco Hall of Fame 2022 Officially Opens (Click to Nominate)!

With the threat of breaches and the potential for significant non-compliance fines, Saxo Bank must ensure the high volume of data under management is available on demand to its internal and external stakeholders, and secure. 

"With Baffle, we could successfully collaborate and influence the short-term and long-term roadmap," said Paul Makkar, Saxo's director of data. "Baffle enabled us to securely transform to a modern event-driven cloud data mesh. For the first time, we could use multiple encryption keys seamlessly and provide our internal applications a simplified, centralized way to de-identify sensitive data."

"Saxo Bank sets the bar for adopting a more proactive approach to data-centric security. As the bank continues to modernize its architecture, it is not only protecting data at rest but also as it moves in the cloud and is shared across the entire analytics pipeline," said Ameesh Divatia, co-founder and CEO of Baffle. "Privacy by design emerged as a key tenet of this new architecture, ensuring security and privacy is baked in from the start. Paul and his team illustrate how organizations should be considering their internal security posture and ways in which they can help their own end users differentiate with their customer base."