Capital One Financial (COF) said Tuesday its unit Capital One Software is introducing Databolt Connect, an application enabling secure, multi-party data collaboration within Databricks without exposing sensitive underlying data.

Available on the Databricks Marketplace, the tool allows organizations to link and analyze datasets using encrypted tokens, meaning raw data never leaves user's own environment, the company said.

Price: 200.57, Change: +5.95, Percent Change: +3.06