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DSCI joins Privy to launch PriView to help MSMEs secure data

By Gloria Mathias

December 16, 2024

  • Compliance
  • Data Privacy
  • enterprises
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IDfy, Funding, Fintech News, Fintech Funding, Funding India, Integrated Platform, KYC, Regtech, Compliance, SMEs, Enterprises, Privy, Compliance, Privacy, RiskTech, RegTech, Fintech Solutions, India News, India Companies, Privy, PriView, Legal Support, SMEs, Data Privacy, The Data Security Council of India (DSCI) has partnered with Privy by IDfy to launch PriView, a free tool for generating privacy notices for companies. It simplifies the process of developing and customising clear, privacy-compliant notices.

Drafting privacy notices is challenging for small—to medium-sized companies. These companies lack the legal resources to study regulations, clarify the format, and provide purpose-specific descriptions of the data being collected. Global tools for privacy and data protection compliance often do not account for India’s specific requirements.

With PriView, DSCI and Privy have taken a proactive step to help the industry navigate the evolving data protection compliances. The tool is intuitive, simple, and, more importantly, free to use. It takes a simple input on the name, industry, and the purpose for which a notice is required. In return, it produces a privacy notice that is customised to the specific requirement. This resolves a significant gap in practice, given the granular consent requirements under the DPDP Act.

The DPDP Act was passed in 2023 to empower Indian citizens with rights over the use of personal data. Safeguarding the rights and private data of digital end-users is thus a priority.

PriView is brought to you by Privy, India’s first suite of data privacy solutions. Privy is an initiative by the IDfy group, Asia’s Integrated Identity Platform. Privy is committed to helping organisations achieve full compliance with the Digital Personal Data Protection Act (DPDP Act).

Vinayak Godse, CEO of DSCI, said, “After the enactment of the Digital Personal Data Protection Act, India’s SMEs, startups, and non-digital native companies will now be navigating the nuances of data protection compliance. This privacy notice generator will help achieve a dual objective: first, it will facilitate businesses’ privacy maturity and awareness, and second, it can ensure that end consumers provide meaningful consent for digital products and services. I welcome this collaboration with Privy on developing this essential tool for the industry.”

Ashok Hariharan, CEO & Co-founder of IDfy, said, “The launch of PriView with DSCI marks a milestone in India’s Trust and privacy journey. As the DPDP Act reshapes the landscape, PriView shall empower businesses and individuals to go beyond compliance and build lasting trust. At Privy, we’re proud to play a role in India’s leap into a new era of digital privacy and data protection.”

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