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On February 26, 2020, the Information Technology Federation of Japan (ITrenmei) announced its decision to certify the fourth “information bank”, DataSign’s paspit.

How information bank paspit works

This would be fist “regular accreditation” since the start of receiving applications in December 2018.

Paspit is a service for safely storing and utilizing personal data. For stored personal data, data storing company sends offers about various available services to individuals, and if the user approves, individual services are provided by analyzing personal data.

The “information bank” certification mark is only issued by ITrenmei to data services which comply with guidelines such as international-level privacy protection measures and information security measures. Therefore, consumers can entrust their personal data to certified businesses.

ITrenmei is planning to take into account the “Certified Personal Information Protection Organizations” which handle complaints related to the handling of personal information, targeting businesses that have received “Information Bank” accreditation, while also taking into account the status of future information bank accreditation.

The company plans to continue working to further develop its information bank ecosystem by raising awareness among consumers regarding information banks in collaboration with consumer organizations, promoting regional development in collaboration with the Smart City Public-Private Partnership Platform, and further approving information banks.

Original Text: https://ampmedia.jp/2020/03/12/datebank/