The FinTech Report Podcast: Episode 15
Interview with: DAVE MAUNSELL, CEO, Haventec
Cyber Attacks are growing; what do you need to know to keep data secure and maintain a customer’s fast access to a service
Haventec provide decentralised platforms that transform security, accessibility and experience https://www.haventec.com/
Delighted to welcome DAVE MAUNSELL, CEO of Haventec to the podcast
o Prior to joining Haventec Dave spent ~20 years at Accenture where he occupied a number of leadership roles including Managing Director for Accenture Digital (AU and NZ).
o Haventec was founded in 2014 by Ric Richardson (inventor of Uniloc, "try and buy" software) and Tony Castagna (co-founder of Nuix) with the vision of enabling the open enterprise to engage digitally, without the risk of maintaining and operating large repositories of sensitive information.
o Haventec’s platform provides start-ups, scale-ups and enterprises with the means of protecting sensitive information (including usernames, passwords and data) in a way that when their network is breached there is nothing of value to steal - a very novel and innovative way of approaching the challenges of maintaining a secure environment and protecting privacy.
Note's from Dave:
1. ORIGINS OF HAVENTEC
o Current technologies are providing inadequate protection to data and other sensitive information.
o being prepared for when your enterprise gets breached is the best protection against the loss of critical digital assets – specifically digital identities and sensitive data.
o Haventec was founded in 2014 by Ric Richardson (inventor of Uniloc, "try and buy" software) and Tony Castagna (co-founder of Nuix, www.nuix.com) with the vision of enabling the open enterprise to engage digitally, without the risk of maintaining and operating large repositories of sensitive information.
o Haventec have developed a patented platform that provides enterprises with the means of safeguarding the privacy of the people they both serve and employ – if sensitive information (data and digital credentials) is protected by the platform, when the enterprise or its cloud is breached, there is nothing of value to steal.
o From late 2018, Haventec’s focus shifted from building the platform, to validating the platform. This included:
- Engaging David Hook to complete an independent cryptographic assessment of the platform;
- Performance benchmarking the platform;
- Securing PCI DSS compliance;
- Finalising the insurance offer; and
- Deploying the platform to select clients.
o Haventec finalised its go-to-market strategy in late 2019, and focus has shifted to growth – both direct as well as channels. The enterprises we are engaging with are all seeking the means of enhancing the controls they have in place to protect sensitive information, on both sides of the firewall.
o In parallel to executing the go-to-market strategy, AustCyber are providing funding to fast-track an eConsent solution for personal health information, including genomics data.
o In simple terms, Haventec has built a platform that introduces a paradigm shift in how enterprises reduce their exposure to risk. They have solved the paradox of keeping sensitive data safe, while supporting increasing business demands, and consumer expectations, for openness, connectivity, performance and privacy.
o Consumers, enterprises and regulators are all seeking a solution to the inherent weaknesses of the current digital trust model. Haventec is