TokenEx Announces Policyholder Tokenization at InsureTech Connect 2019

FOR IMMEDIATE RELEASE

Tokenization protects records and desensitizes them for risk reduction and industry compliance.

OKLAHOMA CITY – Sept. 18, 2019 – TokenEx is making its InsureTech Connect debut next week, attending the insurance conference for the first time and sponsoring the Cyber and Privacy category.

InsureTech Connect (ITC) is the largest and most comprehensive gathering of insurance leaders and innovators, bringing together more than 7,000 attendees from over 60 countries. ITC 2019 showcased the insights of more than 275 leaders and entrepreneurs spanning the insurance ecosystem throughout the three-day conference. Speaker selections and sessions explored current trends, innovation and opportunities in insurtech, while participating attendees were able to engage with key influencers from across the industry

Although TokenEx primarily operates within the payments space, it is excited about its technology’s application for the insurance industry. Because tokenization deidentifies data – virtually eliminating the risk of data theft – it can protect sensitive information to meet the requirements of many security and privacy regulations. It also features length- and format-preserving token schemes to help retain much of the original, sensitive data’s business utility, while minimizing disruption to an organization’s existing business processes.

In 2018, TokenEx performed 4.6 billion operations within its global customer base. It also produced a 58 percent increase in employees and reached a three-year average revenue growth of 60 percent.

Founded in 2010, TokenEx began as a security solution for protecting payment card information via tokenization. As a flexible, scalable solution for all payment types, TokenEx’s cloud-based tokenization is especially effective at helping organizations reduce their scope of Payment Card Industry Data Security Standard compliance. It works by exchanging portions of sensitive cardholder data, such as a primary account number, for placeholder tokens and storing the original, sensitive data outside of an organization’s cardholder data environment.

To celebrate its first appearance at the event, TokenEx will be showcasing a new booth and an exciting new video game, TokenExploder. Visitors can register at booth #924 for an opportunity to win a handheld version of the game 

Continued innovation in support of its customers’ business needs is one of the strengths of the TokenEx Cloud Security Platform. For more information, visit TokenEx.com or contact info@tokenex.com directly with any questions about the company, its platform or how tokenization can help organizations and their customers.

About TokenEx:

TokenEx offers virtually unlimited flexibility in how organizations secure, store and access their sensitive data – all while remaining vendor- and processor-agnostic. The highly secure, cloud-computing data-protection platform has grown rapidly, becoming the choice tokenization and pseudonymization provider for data protection. TokenEx can secure and desensitize nearly any data element, enabling its customers to reduce risk and comply with industry and international regulations. Additional information is available at TokenEx.com.

 

About InsureTech Connect:

InsureTech Connect  is the world’s largest insurtech event, offering unparalleled access to the largest and most comprehensive gathering of tech entrepreneurs, investors and insurance industry incumbents from across the globe. Founded by Jay Weintraub and Caribou Honig in 2016, ITC has grown to more than 7,000 attendees, hosting 275 speakers, and representing 60+ countries worldwide. InsureTech Connect 2019, presented by Oliver Wyman, will be held September 23-25 at MGM Grand Las Vegas Hotel and Casino.

 

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Media Contact:

Avery Oden

TokenEx

877.316.4544 x.122

3825 NW 166th St suite c1, Edmond, OK 73012

Topic(s): insurance , PII , privacy

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