Financial details were not disclosed so I guess privacy extends to that as well. Privitar says the money will support its international expansion plans, particularly in the US where it plans to expand its existing teams on the East Coast.
Stuart Riley, global head, operations and technology, markets and securities services, Citi, uses the funding to praise the bank and no one else: “Our investment in Privitar demonstrates our commitment to help clients make fast, data- informed, decisions through smarter use of machine learning and cloud compute whilst ensuring the security and privacy of the data.”
