Latest Data Exchange News and Blogs

Why the Sudden Spike in Business-to-Business Partnerships Comes with Opportunities and Pitfalls

17th May 2021

By Anton Grützmacher Business to business partnerships involve partnering with other brands and companies to achieve various objectives. It ranges from growth through co-selling and promoting to creating entire new revenue streams like data monetization or product innovation.  In South Africa, Discovery Health has to be lauded as one of the local pioneers to first…

[ITNews Africa] Intelligent Compliance: POPIA in the Age of AI

30th Sep 2020

The artificial intelligence (AI) market is predicted to reach revenues of $156 billion by the end of 2020, according to IDC, with the largest segments being application and enterprise relationship management (ERM) at 20% and 17% respectively. The scale of AI growth alongside developments in automation, machine learning, deep learning, and the Internet of Things is…

[Business Day] Cape Town’s Omnisient offers a secure data exchange alternative

30th Sep 2020

The tech firm says its Intersect.ai is the first secure data exchange in Africa. In the wake of the recent Experian cyberattack, the team at Cape Town-based technology firm Omnisient says their secure data exchange platform can reduce the risk of interception by hackers. As more South Africans work from home, shop online and the economy shifts to…

How to eliminate data breaches: an expensive and growing threat to business growth

2nd Jun 2020

By leveraging tokenization-as-a-service, the threat of internal and malicious actors is essentially removed.  With organisations now moving more aggressively into the digital sphere, data is becoming one of the most highly prized assets in the business equation. In its 2019 Pulse Survey, PricewaterhouseCoopers (PwC) found that consumer data is the most valuable for companies to…

Don’t let your data-driven solutions be locked down with you…

27th May 2020

How Privacy by Design technology enables data collaboration to flourish in the ‘new normal’. Before lockdown was even a thing and businesses were forced into working remotely, many leaders (across sectors) were starting to invest in Privacy by Design technology: primarily with the aim of driving innovation whilst remaining compliant with data privacy laws. This…

Why unlocking alternative data should be integral to credit models in the post-Covid19 economy

29th Apr 2020

It’s no secret that South African banks and financial services providers draw on massive volumes of data to make decisions and provide targeted services to middle and upper income earners. When assessing individual credit applications, for example, banks will draw on highly detailed customer profiles and many years of data collection. However, in the midst…

How tech-driven Partnership Marketing can fill the (imminent) Direct Marketing void in SA

28th Apr 2020

Privacy-By-Design data sharing models are set to transform Partnership Marketing. In South Africa, direct marketing has traditionally played a dominant role in the business ecosystem – creating significant value for businesses across sectors. Indeed, direct marketing through electronic channels has proven to be both affordable and highly effective for businesses needing to reach new and…

[ITWeb] SA’s top financial players invest in data privacy start-up

12th Mar 2020

Omnisient, a Cape Town-based start-up that specialises in secure data-sharing for businesses, has landed pre-Series A funding from Nedbank Corporate Investment Banking (CIB), Investec and Compass Venture Capital. With the vision of democratising data, Omnisient’s intersect.ai platform enables businesses to unlock the benefits of data collaboration – while protecting customers’ data privacy and intellectual property. Since launch, the intersect.ai…

[Disrupt Africa] SA data-sharing startup Omnisient raises pre-Series A funding round

11th Mar 2020

South African secure data-sharing startup Omnisient has raised an undisclosed amount of pre-Series A funding to help it serve a rapidly growing market. A Cape Town-based Privacy-by-Design startup, Omnisient specialises in secure data-sharing for businesses. The startup’s intersect.ai platform enables businesses to unlock the benefits of data collaboration while protecting customers’ data privacy and intellectual property.  Since launch, the…

Omnisient gets the backing of Nedbank, Investec & Compass Venture Capital

10th Mar 2020

Wednesday, 4 March 2020 –  Omnisient, a Cape Town-based Privacy-by-Design startup that specialises in secure data sharing for businesses, has landed pre-Series A funding from Nedbank CIB, Investec and Compass Venture Capital. With the vision of democratising data, Omnisient’s intersect.ai platform enables businesses to unlock the transformative benefits of data collaboration – while protecting customers’ data…