Castler closes Pre-Series A funding of $6 Million led by Flipkart, Capital 2B, IIFL Fintech Fund, Venture Catalysts & Zerodha

How does a cross-border escrow service ensure the confidentiality of sensitive information exchanged during a transaction?

A cross-border escrow service like Castler Digital Identifier system ensures the confidentiality of sensitive information exchanged during a transaction by implementing various security measures. Firstly, the platform uses encryption technology to protect all data transmitted between the parties involved in the transaction. This means that any information shared between the buyer and seller is scrambled and can only be deciphered by the intended recipient.

Secondly, Castler Digital Identifier system has strict access controls in place to ensure that only authorized personnel can access the information. This includes using multi-factor authentication and limiting access to sensitive data on a need-to-know basis.

Thirdly, the platform has a robust privacy policy that outlines how it collects, uses, and protects personal information. This policy is designed to comply with relevant data protection laws and regulations, such as the General Data Protection Regulation (GDPR) in the European Union.

Overall, a cross-border escrow service like Castler Digital Identifier system takes the confidentiality of sensitive information seriously and implements various measures to ensure that it is protected throughout the transaction process.