Bron.Tech is developing a data and identity platform. Similar to a typical data broker (e.g. Equifax), Bron.Tech is selling data products and identity services. But, unlike a traditional data brokerage model, the company sources the information from individuals with their explicit consent. This solves the issues around consent, accuracy and cross-domain data utilization.
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Quarterly update We are happy to share some of the highlights from the last quarter:
More than 70% increase in the Bron data pool user base in comparison to the last quarter. We currently have more than 20,000 users.
Several thousand submissions are processed through Bron Rewards every day. In the last quarter, on average, we processed one submission every 30 seconds. That's a lot of data!
We have significantly increased the number of merchants contributing to the Bron Rewards ecosystem. These merchants provide increased value to our users by listing an exclusive offer in exchange for the alternative currency. This action reduces the costs accrued from issuing Bron points. The merchants are providing these offers in exchange for access to our growing ecosystem.
Bron.Tech signed a commercial agreement and partnership with Pureprofile (ASXPL)! The collaboration will begin in Q1FY19. With this agreement, Bron.Tech will supply Pureprofile with additional data and data products to improve the accuracy of their surveys and derived insights. Pureprofile's survey feed will also be embedded in Bron.Tech's consumer app. To read the full announcement follow this link.
Bron.Tech signed a commercial agreement with an international insights exchange platform. Bron.Tech will provide access to its user base and data for development of insights.
We undertook another third-party penetration test and no critical findings were discovered.
We continued our collaboration with Macquarie Bank to be one of the first companies accessing the Open Banking API. Last month, we participated in the Open Banking Forum to discuss the importance of open data.
For the purposes of accessing bank data and working with financial institutions, next quarter Bron.Tech will undergo the NIST CSF audit conducted by KPMG. This will be an important step for the company to provide confidence when seeking business opportunities with financial institutions and regulated entities.
The initial version of our digital identity solution for individuals - bronIDwas launched on the App Store. The launch of the bronID on the Play Store will follow later this week.
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OOK Price at posting:
1.9¢ Sentiment: Buy Disclosure: Held
PL)! The collaboration will begin in Q1FY19. With this agreement, Bron.Tech will supply Pureprofile with additional data and data products to improve the accuracy of their surveys and derived insights. Pureprofile's survey feed will also be embedded in Bron.Tech's consumer app. To read the full announcement follow this link.
