Featuring the top financial institutions in
the USA, Canada, Australia, New
Zealand, and Singapore, the
new passive revenue module will allow consumers to be paid for
sharing shopping data.
NEW YORK, June 4, 2020 /CNW/ - Killi Ltd. (the "Company")
(TSXV: MYID), a global leader in consumer privacy, today announced
the integration of access to over 20,000 financial institutions
into its product. The inclusion of core financial firms allows
consumers to opt in and put their transaction data under their
control for sale to research firms, hedge funds, advertisers, and
others in five countries and be compensated in cash.
"The current market for transactional data is powered by firms
that collect data from credit cards and bank cards, and sell it
without explicitly informing or compensating the consumer," said
Killi founder and CEO Neil
Sweeney. Typically masked in the fine print, firms bait
consumers by offering 'points' or 'offers' in exchange for
financial information representing a fraction of the real value of
the data. Killi continues to change this paradigm by providing
consumers control and transparency on who is purchasing their data
and providing them with direct compensation each time the data is
acquired. Additionally, by putting explicit consent at the
individual user level, Killi also removes privacy, fraud, and
fidelity concerns for those that buy the data. Killi gives
full transparency to both buyers and sellers. When purchasing
data from Killi, you know exactly where this data is coming from
and vice versa.
Killi is one of the only companies in the world that provides
consumers with a share of the revenue derived from the sale of
their data. "The multi-billion-dollar data market has
continuously excluded the consumer, yet it continues to generate
billions of dollars for corporations every year," said Sweeney, "A
solution to provide consumers with transparency regarding the use
of their data and compensation represents the future of data."
Killi's "Fair Trade DataTM" program1,
which allows for consumer inclusion in the sale of personal data,
launched in April 2020, and provides
full transparency for buyers of data to see the exact source of the
data they are buying while delivering a similar vantage point for
consumers. This new equitable, fair-trade model is playing a
significant role in the movement toward universal basic
income2 for individuals by establishing a new model that
redistributes wealth back to the consumer.
To learn more about Killi's financial dividend and more
extensive fair-trade data program, please visit
https://killi.io/earn.
1
|
Forbes, "Killi's
Fair-Trade Data Program Enables You to Profit Off of Your
Data"
|
2
|
New York Times,
"Andrew Yang's $1,000 A Month Idea May Have Seemed Absurd Before.
Not Now"
|
About Killi
Killi is a consumer privacy ecosystem that aims to put people
back in control of their data. Killi allows consumers to take
back control of their consumer data from those who have been
collecting it and selling it unbeknownst to them. Available on
iOS, Android as well as the web, Killi is available
internationally. With Killi, consumers can opt-in and link
specific pieces of personal information from various financial and
social accounts that they would like to put under their control and
share with companies and be compensated directly in the form of
cash for its use.
Download Killi here.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as is defined in the policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this news release.
Forward-Looking and Other Cautionary Statements
This news release may contain "forward-looking statements"
within the meaning of applicable securities laws, including, but
not limited to, the Company's financing plans. Forward-looking
statements may generally be identified by the use of the words
"anticipates," "expects," "intends," "plans," "should," "could,"
"would," "may," "will," "believes," "estimates," "potential,"
"target," or "continue" and variations or similar expressions.
These statements are based upon the current expectations and
beliefs of management. They are subject to certain risks and
uncertainties that could cause actual results to differ materially
from those described in the forward-looking statements. These risks
and uncertainties include, but are not limited to: the uncertainty
surrounding the spread of COVID-19 and the impact it will have on
the Company's operations and economic activity in general; and the
risks and uncertainties discussed in our most recent annual and
quarterly reports filed with the Canadian securities regulators and
available on the Company's profile on SEDAR at www.sedar.com, which
risks and uncertainties are incorporated herein by reference.
Readers are cautioned not to place undue reliance on
forward-looking statements. Except as required by law, the Company
does not intend and undertakes no obligation to update any
forward-looking statements to reflect, in particular, new
information or future events.
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SOURCE Killi Ltd