Privacy Policy of the International Federation for Economic Development (IFED)
Consent for Data Sharing and Usage:
At the International Federation for Economic Development (IFED), we are committed to protecting the privacy of all users and ensuring compliance with applicable data protection laws, including the latest revisions under the Swiss Federal Data Protection Act (DSG) and the EU General Data Protection Regulation (GDPR). By accessing and using IFED’s services, platforms, and digital tools, users consent to the collection, processing, and use of their personal data as described in this policy.
Data Collection and Consent
User Profiling and Consent:
By engaging with IFED, users provide explicit consent for the collection, storage, and analysis of personal data. IFED conducts user profiling as part of its Artificial Intelligence (AI) business modeling, which includes the collection of information provided by users during registration, engagement with our services, and through real-time interaction on our platforms. This profiling allows us to assess users' behavior, interests, and business needs to enhance their experience and connect them with relevant investment opportunities.
Consent for Data Sharing and Usage:
Users consent to the sharing of their personal and business data with IFED’s network of investors, third parties, and partner organizations, as necessary, for the purpose of matching users with potential investors, providing services, and enhancing the user experience. IFED is entitled to share, sell, and transfer this data to trusted third parties as part of its services. Users are informed that their data will be used for development purposes, including the creation of new products, services, and tools.
KPI Real-Time Measurement and Data Sharing:
IFED utilizes advanced AI algorithms to continuously measure Key Performance Indicators (KPIs) in real time, allowing us to track the progress of users' businesses. This data is shared with investors and relevant third parties to ensure alignment with investment thresholds and market opportunities. By consenting to these terms, users acknowledge that IFED will share their KPI data with external parties to facilitate investment matchmaking and business growth.
Purpose of Data Collection
IFED collects and processes user data for the following purposes:
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User Profiling and Business Modeling: Conducting detailed profiling to identify business needs, opportunities, and preferences to match users with appropriate investors and stakeholders.
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AI-Driven Investment Matching: Using AI to align users with investors based on pre-defined investment criteria, behavioral patterns, and business performance metrics.
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Development of New Products: Leveraging user data to develop and refine new services, tools, and products that cater to the evolving needs of entrepreneurs and investors.
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KPI Tracking and Reporting: Real-time collection and analysis of business performance data to ensure transparency and efficiency in matching users with investment opportunities.
Data Security and Storage
Data Storage and Security Protocols:
All personal and business data provided by users is stored securely within IFED’s systems, which are protected by state-of-the-art encryption technologies and security measures in compliance with DSG, GDPR, and other applicable data protection laws. User data is stored on servers that meet international security standards, ensuring that all information is protected against unauthorized access, alteration, or disclosure.
Data Retention:
IFED retains user data for as long as necessary to fulfill the purposes outlined in this policy or as required by law. Once data is no longer required for the stated purposes, it will be securely deleted or anonymized in accordance with applicable legal standards.
Data Sharing and Third-Party Disclosure
Sharing with Investors and Third Parties:
As part of our service offering, user data is shared with investors, third-party service providers, and partner organizations to facilitate investment opportunities and support business development. By accepting these terms, users consent to the disclosure of their personal and business data for these purposes. IFED ensures that all third-party recipients of this data are bound by contractual obligations to protect user data and comply with applicable privacy regulations.
Sale of Data:
Users acknowledge and consent to the possibility that IFED may sell or transfer user data to third parties as part of its business operations. This includes, but is not limited to, situations where data is shared for business development, investment matchmaking, or product enhancement purposes.
AI and Automated Decision-Making
AI-Driven User Profiling and Investment Matching:
IFED utilizes AI and automated decision-making processes to optimize investment matchmaking and business modeling. By analyzing user-provided data, AI algorithms identify potential investors whose preferences align with the user’s business profile and performance. This process is critical to IFED’s mission of accelerating entrepreneurial growth and ensuring the best possible alignment between users and investors.
Automated Decision-Making and Consent:
As part of IFED’s AI-driven business modeling, automated decisions may be made regarding the suitability of investment opportunities and the allocation of resources. Users consent to this automated processing as a core aspect of IFED’s services, acknowledging that these decisions are based on objective performance data and investment criteria.
User Rights and Data Access
Access and Correction of Data:
Users have the right to request access to the personal data held by IFED, as well as the right to correct or update any inaccuracies. Requests for data access or correction can be made through official communication channels provided by IFED.
Right to Erasure (Right to be Forgotten):
Users may request the deletion of their personal data from IFED’s systems under certain conditions, in line with DSG and GDPR provisions. This right is subject to IFED’s legal obligations to retain certain data for compliance or operational purposes.
Objection to Data Processing:
Users have the right to object to certain data processing activities, including profiling and automated decision-making, where such activities are not essential for the fulfillment of contractual obligations. Objections must be submitted in writing, and IFED will assess the request in accordance with applicable legal frameworks.
However, users are advised that certain data processing activities, including profiling and AI-driven decision-making, are fundamental to the services provided by IFED. If users object to these essential processing activities, they acknowledge that they may not be able to continue using IFED's services, as these processes are necessary for the proper functioning of our digital platforms and investment matching systems.
Legal Compliance and Consent under DSG and GDPR
IFED ensures full compliance with the Swiss Federal Data Protection Act (DSG) and the General Data Protection Regulation (GDPR). Users provide explicit consent for the collection, processing, and use of their personal data by agreeing to these Terms and Conditions. This includes consent to the transfer of data across borders where necessary for the provision of services. Users may withdraw their consent at any time, although this may affect their ability to access IFED’s services.
Updates to the Data Protection Policy
IFED reserves the right to update or modify this Data Protection and Privacy Policy in accordance with changes to laws or operational requirements. Users will be informed of any significant updates, and continued use of IFED’s services after such updates will constitute acceptance of the revised policy.
Contact Information
For any inquiries regarding data protection or to exercise data-related rights, users may contact IFED’s Data Protection Officer at:
International Federation for Economic Development (IFED)
International Federation For Economic Development
Lättichstrasse 8a, 6340 Baar
presidential-office@ifed.global
https://www.ifed.global/