Welcome to another exciting edition of EUStartup.news’ Startup Showcase! Today, we’re taking a deep dive into Priviti, a groundbreaking startup based in Galway, Ireland. Priviti is disrupting the data sharing landscape by giving both organizations and customers unparalleled control over consent and data protection. Let’s dive in!
Data Sharing: A Necessary Headache
In a digital world where data has become the new currency, the sharing of customer information is essential for business. Yet, the necessary precautions around consent and data protection often result in a cumbersome process for both companies and clients. Priviti is here to streamline that. Their cloud-based software solution is designed to manage customer consent for data sharing in an easy, compliant, and secure manner.
This technology has vast applications, extending beyond finance into healthcare, government, and media. By capturing, recording, and managing customer consent, Priviti not only aids in regulatory compliance but also helps to build a solid foundation of trust between businesses and their customers.
Complying With Regulatory Frameworks
Non-compliance with data protection regulations can result in crippling fines and reputational damage for companies. Priviti’s platform is designed to comply with global standards like the GDPR, PSD2, and SCA. It also integrates seamlessly with existing enterprise software architectures and corporate policies.
When a customer gives or revokes consent for data sharing, the platform records this consent, manages it effectively, and then securely shares the data with third parties. Businesses using Priviti are thus provided with proof that explicit consent has been obtained for a specific purpose, thereby meeting regulatory requirements and avoiding legal hassles.
Empowering Customers and Businesses Alike
While Priviti aims to aid organizations in navigating the complex world of data sharing and consent management, its ultimate vision is to empower consumers. The platform allows individuals to easily give or revoke their data sharing consent, giving them a sense of control and building trust in the organization they are interacting with.
Moreover, by simplifying the consent process and ensuring compliance, Priviti enables organizations to increase revenue and reduce costs. It’s a win-win situation that paves the way for a new paradigm of data sharing, one based on collaboration and mutual trust.
The Future of Data Sharing is Here
Priviti is not just another startup; it’s a visionary company that aims to set a global standard for data sharing and consent management. With its seamless integration and commitment to both compliance and customer empowerment, Priviti is already ahead of the curve. As the demand for secure and compliant data sharing continues to grow, Priviti stands ready to lead the way, turning the necessary headache of data sharing into a straightforward, trust-building exercise.
For more information on Priviti, be sure to visit their website and follow them on social media:
- Website: https://priviti.com/
- Twitter: https://twitter.com/getPriviti
- LinkedIn: https://www.linkedin.com/company/priviti-group
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