DataCo Technologies, an offshoot of 1835i, ANZ Bank's external innovation and venture capital partner, has launched 'Collin', an AI-assisted tool designed to facilitate secure data collaboration in line with Australia's evolving privacy regulations.

'Collin' is aimed at helping businesses expand their data collaboration efforts within strategic partnership ecosystems. It leverages the advanced data analysis capabilities of Large Language Models (LLMs) while ensuring security and compliance. The tool is developed in accordance with Australia’s updated privacy laws, incorporating advanced data protection controls, synthetic data, and isolated execution environments to safeguard sensitive information.

Rami Mukhtar, CEO of DataCo, describes Collin as a 'strategic response to the dual challenge businesses face today: the need to scale up data collaboration for strategic partnerships and the necessity to comply with Australia's changing privacy laws.' Mukhtar believes that Collin is designed to bridge this gap effectively.

The tool is designed to be user-friendly for professionals at all levels of technical expertise, adhering to international security standards like ISO27001 and SOC2. This makes it a viable option for businesses looking to confidently ride the wave of AI-driven growth while ensuring their data practices fully comply with current and foreseeable privacy legislations.

Mukhtar said: 'The release of 'Collin' marks a significant milestone for DataCo Technologies. We are enabling businesses to confidently ride the wave of AI-driven growth while ensuring their data practices fully comply with current and foreseeable privacy legislations.'

DataCo Technologies positions itself as a leader in secure, responsible data collaboration and analytics. The introduction of Collin underscores this positioning, offering a solution that addresses the increasing need for secure data collaboration in an era of stringent privacy regulations.