On October 18, 2024, INDICO — a digital subsidiary of Telkomsel, Indonesia’s leading mobile telecom operator, and Pryvx, a technology startup based in Stockholm, have signed a strategic partnership agreement to address the opportunities and challenges of data collaboration across industries in Indonesia.
By leveraging privacy-enhancing technologies (PETs), the two companies aim to enable secure and efficient data collaboration, unlocking new opportunities for innovation and value creation.
The agreement between INDICO and Pryvx will focus on developing innovative solutions to address common industry opportunities and challenges. By utilizing PETs, such as Homomorphic Encryption, Federated Learning, Differential Privacy and Secure Multi-party Computation, the companies will enable organizations to share sensitive data without compromising data protection laws, privacy and security.
“This partnership marks an exciting milestone in our mission to drive innovation and create value through technology,” said Dios Kurniawan, CTO at INDICO. “By combining our expertise with Pryvx’s cutting-edge PET solutions, we are confident in our ability to address the challenges of data collaboration and unlock new opportunities for growth in Indonesia.”
“We are excited to partner with INDICO, a leading player in the Indonesian digital ecosystem,” said Gaspar Wosa, CEO at Pryvx. “Together, we will leverage our combined strengths to develop innovative solutions that empower organizations to collaborate securely and efficiently.”
About INDICO (indicocompany.com)
INDICO is Telkomsel’s subsidiary focusing on creating values in developing Indonesia’s digital ecosystem. By harnessing telecom’s technology and commercial assets, INDICO aspires to create a new economy, empowering Indonesians and enabling businesses across sectors to advance Indonesia's digital economy.
About Pryvx
Pryvx is a technology startup based in Stockholm that specializes in privacy-enhancing technologies. The company's mission is to enable secure and efficient data sharing while protecting privacy and security. Pryvx's solutions can be leveraged by organizations across various industries to address a wide range of challenges, including cybersecurity, fraud, and compliance.
