Spring Labs: The Un-Bureau

A Transformative and Decentralized Infrastructure for Credit and Identity Data

Our protocol enables competitively-sensitive parties to exchange information directly, and in a fundamentally new way.

We’re reinventing the model for data ownership and changing how information is exchanged in financial services and beyond.

For Financial Services

A Safer Financial Services Ecosystem Through Decentralization

The Spring Protocol’s use of advanced cryptography and blockchain technology limits the need for data replication in the exchange of information among financial institutions. The protocol uses an attestation-based approach reducing the risk and severity of data breaches for financial institutions and consumers.

Innovative Fraud, Credit, and Identity Products Built on the Spring Protocol

The first products being developed on the Spring Protocol enable financial institutions to more efficiently onboard customers by exchanging identity verification and fraud information without transferring sensitive underlying information. This enables more secure and cost-effective ID verification, fraud, and credit/risk processes as part of customer onboarding.

A More Inclusive, Efficient, and Secure Global Financial Ecosystem

The Spring Protocol has the potential to unlock global access to credit for the tens of millions of Americans and billions of people globally without representation in today’s credit ecosystem.

The Spring Protocol is focused on increasing access to financial services for “thin file” or “credit invisible” consumers by creating incentives for new institutions to provide data that previously didn’t contribute to credit reporting ecosystems such as telecom providers, utility companies, insurance companies, subscription services, and others.


What gets improved

Improved Data Ownership for Financial Institutions

Data is the most valuable asset that a financial institution owns. However, to participate in the credit data ecosystem, financial institutions must give up control of their underlying consumer data. This happens because financial institutions only have access to their own data and need a third party to aggregate, create and distribute credit scores across the industry. The Spring Protocol's secure and anonymous data exchange removes the need for a centralized aggregator from the ecosystem.

New Economics for Financial Institutions to Exchange Data

In today's financial services ecosystem, financial institutions are not able to recoup any costs associated with the operating complexities of accurate reporting.  The Spring Protocol changes this paradigm by compensating the financial institutions for contributing information, effectively lowering the cost of on-boarding new customers. Economic incentives are designed to bring new types of data (e.g. asset managers, insurance, telecoms, streaming services, utility data, etc.) into the ecosystem, painting a more holistic picture of consumers.

Access to Granular Data

Data aggregators are incentivized to share the least amount of data for the highest price, providing only composite metrics and scores rather than source data. The secure, anonymizing Spring Protocol enables financial institutions to better leverage the information behind the scores through deeper access to more granular data with a chain of provenance.


Built with the Enterprise in mind

Decentralized, P2P Network

The Spring Protocol is a blockchain-based, decentralized P2P protocol designed to enforce privacy and prevent deanonymization between peers. Traditional aggregators store data in centralized databases presenting high-value targets for attackers. No sensitive data is stored or transmitted in cleartext: the Spring Network uses cryptographic hashes, proxy routing, and single-use credentials to facilitate a more secure, anonymous exchange of information about data between participants. This approach is aimed at drastically reducing both the likelihood and impact of a network hack.

Proven, Modular Cryptographic Design

The Spring Protocol relies on established implementations of well-understood cryptographic primitives. No cryptography beyond hash commitments, digital signatures, symmetric encryption, and threshold encryption is required to implement the Spring Protocol. It is designed with modularity to ensure any component can be replaced in response to improvements in cryptographic research. All credentials can be pro-or-retroactively rotated, and compromise prevention, detection, and recovery strategies are built into every network node to minimize risk.

Enterprise-Grade Scale

Built with the enterprise in mind, the Spring Protocol is designed to efficiently process large, exponentially-expanding datasets with the strong security and privacy standards that are foundational to the network. By avoiding raw data transmission, distributing metadata and commitments across a decentralized set of storage-optimized relayer nodes, avoiding server-side computation, and making heavy use of concurrent processing, the Spring Network will process a large number of data points from network participants.

Our Co-Founders

A rapidly growing team of proven entrepreneurs within the financial services space.

Adam Jiwan

CEO, Chairman, Founder

Adam is an established fintech entrepreneur, with more than 15 years of experience founding, investing and growing companies in the space. Before Spring Labs, Adam was a seed investor and founding board member of Avant. He was also the Co-Founder and Chairman of Future Finance, a student loan platform that’s raised more than $325M. Adam also acted as the CEO of UK/Asia for TPG-Axon, and held roles at Goldman Sachs, Soros Fund Management, and the Blackstone Group. Adam is a graduate of Harvard University.

Anna Fridman

General Counsel, Founder

Anna is a seasoned attorney with deep experience in regulatory financial issues. Prior to Spring Labs, Anna served as the General Counsel at Avant, managing a team of 40+ attorneys and compliance professionals. Anna also served as in-house counsel at Enova and holds a JD from UCLA Law.

John Sun

President, Founder, CPO

John is a technologist and entrepreneur with deep experience in credit and fintech. Prior to Spring Labs, John co-founded Avant, a fintech unicorn, where he served as the Chief Credit Officer and UK GM. John was also an Inc. 30 Under 30, and went through Y-Combinator Spring 2011 with DebtEye (acquired by Avant). John also formerly ran the Data and Analytics Team at Enova.

Backed by a world-class advisory board and top-tier investors

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