Digi.me has partnered with Sydney start-up ID Exchange to help Australian consumers enjoy more control over their personal data.
ID Exchange and digi.me will collaborate as vanguards for personal data sharing, working jointly to simplify user processes around consent. Together, they will execute cutting-edge solutions that provide security as well as consented sharing through a seamless customer experience.
ID Exchange, which is based at leading FinTech incubator Stone & Chalk, is a unified Opt Out/Opt In operator whose centralised approach for aggregated consent naturally couples with digi.me’s philosophy on seamless personal data sharing.
Digi.me allows individuals to easily aggregate a broad and deep range of financial and social media data from platforms including the likes of Facebook, Twitter and Instagram and then share it, if they wish, under a bespoke Consent Access program. It supports data from all major Australian banks, and health, wearable and music data will soon be available.
Crucially, digi.me’s solution ensures that individuals hold all their own personal data about themselves in their own 100 per cent private library – digi.me does not see, touch or hold user data ever.
Jo Cooper, Founder of ID Exchange, said: “Collaborating with digi.me plugs Australia into global opportunities to accelerate personal data sharing and provides consumers, corporates and developers a comprehensive platform to safely consolidate and intersect cross market data whilst maintaining jurisdictional regulation compliance for privacy, permissioned access and security.”
Julian Ranger, Founder and Executive Chairman of digi.me, said: “Australia is one of the world leaders when it comes to data privacy so it was an easy decision for us to make when deciding to explore this market more closely to widen our global footprint.
“We’re delighted having found ID Exchange that we have a partner who shares the same philosophy as us in putting the individual in control of their data. Moreover through Jo’s tremendous drive and experience we’re confident of making significant progress very soon.”
Both Julian and Jo were on the panel of the Australian British Chamber of Commerce seminar event titled The consent economy: the $5 billion trade in you and I, which took place on Tuesday, October 10 at 3.30pm at the Commonwealth Bank Innovation Centre in Sydney.
In the consent economy, operators such as ID Exchange and digi.me, which now has a global presence thanks to a recent merger with leading US personal data specialists Personal, which put consumer needs first will take the lead.
The partnership between digi.me and ID Exchange opens collaborative opportunities across Australian and the UK economies where issues around personal data are coming to the fore as the new and far-reaching EU General Data Protection Regulation comes into force in May 2018.