Omnisient, the privacy-preserving information collaboration platform firm defending the privateness of over 150 million customers, was chosen as one of many three finalists for the IAPP’s 2023 Privateness Innovation Awards – EMEA / APAC area.
Primarily based in Cape City, South Africa, Omnisient was chosen as the one finalist representing African innovation in privateness out of almost 75 worldwide entries.
The corporate permits over 80 massive organisations in Africa and the Center East to analyse, extract insights and construct predictive fashions from one another’s client information whereas defending client privateness and complying with world privateness laws. Shopper information isn’t exchanged neither is customers’ private info ever shared.
The power to share client information whereas defending client privateness permits companies to attract insights on client behaviour that ship constructive outcomes for enterprise, people, and better society.
Working example is the collaboration between banks and retailers to foretell reimbursement of a mortgage based mostly on credit score candidates’ buying behaviour, which has enabled South African banks to qualify 3.2 million customers for credit score who would have beforehand been declined attributable to lack of a credit score historical past.
“It’s unbelievable recognition to have been chosen as one of many three Privateness Innovation award finalists by members of the world’s largest world group of privateness professionals,” stated Jon Jacobson, CEO and co-founder of Omnisient. “It additional validates our platform’s capability to guard client privateness and create buyer belief by means of use of our platform for information collaborations.”
