Today, SelectMedia announced their approved status as the latest (Vendor ID-775) to join IAB Europe’s Transparency and Consent framework (the Framework).
The framework, which was launched in April 2018, is designed to help all parties in the digital advertising chain ensure that they comply with the EU’s General Data Protection Regulation (GDPR) and ePrivacy Directive when processing personal data or accessing and/or storing information on a user’s device, such as cookies, advertising identifiers, device identifiers and other tracking technologies.
The Framework was developed by IAB Europe in collaboration with organisations and professionals in the digital advertising industry. It provides transparency to consumers about how, and by whom, their personal data is processed. It also enables users to express choices. Moreover, the TCF enables vendors engaged in programmatic advertising to know ahead of time whether their own and/or their partners’ transparency and consent status allows them to lawfully process personal data for online advertising and related purposes.
Through the Framework, publishers can continue funding themselves through relevant online advertising, and brands can continue to reach their audiences. All the while and most importantly, consumer privacy is protected.
Sagi Gordon, CEO of Selectmedia says why they joint as an early adaptor: “Selectmedia is joint to the TCF because it is the best way for everyone — publishers, advertisers, and even consumers — to be on the same page concerning GDPR and consumer consent. Not only does the IAB Europe TCF provides real transparency, but it also offers easy administration for website operators, and its open-source structure decreases the reliance the digital ecosystem has on anyone provider for a CMP solution”.
The added registration of SelectMedia to the Framework, further bolsters IAB Europe’s mission to raise the standard and trust in digital advertising across Europe.