Open banking: progressing to the summit
Banks and disruptors alike are still trekking through the foothills of open banking.
GDPR
A question of compatibility: blockchain and the GDPR
Is the relationship – or lack of one – between GDPR and blockchain something of concern?
Live chat in banking: recording conversations for compliance
Live chat offers a flexible, transparent and secure tool for recording customer conversations.
UK – New Zealand: a fintech bridge too far?
How Kiwis and Brits are exploring various ways to participate in each other’s markets.
GDPR: three things most businesses haven’t thought about – but should
It’s crucial for organisations to look at this fundamental regulation in a holistic manner.
CFTE and Finance Innovation go upskill in France
Education with élan.
Infographic: GDPR Article 30 – where to start and how automation can help
Compliance and risk management solutions provider Opus offers help.
2018: the year of data, data, data
Three “mega-trends” pointing the way to the future needs of clients and the changes banks must undertake to remain relevant.
IBM brings desensitise touch to Rabobank’s client data
Dutch bank preps to comply with incoming GDPR.
Mastercard and IBM join forces for new “data trust”, Truata
Truata is an independent trust to enable companies conduct analytics while complying with GDPR.
UK regulator pushing hard on GDPR compliance
Financial Conduct Authority looking to get firms ready for the EU General Data Protection Regulation.
Veridium to power biometrics for Nordea
Bank will use VeridiumID to replace tokens with biometric authentication for access to data.
Trunomi closes $3.5m round from CloudScale Capital
Consumer consent and data rights company collects some cash.
Top five regtech stories in 2017
Regtech was all the rage, so let’s have a brief look with Banking Technology’s top five.
GDPR vs PSD2: a challenging contradiction or two sides of the same coin?
Are GDPR and PSD2 really that dissimilar and incompatible? Or do they combine to create a robust security mind set?
Infographic: GDPR & B2B marketers – less aware but more prepared
According to the latest research by DMA, a UK trade association for the one-to-one marketing industry, those in the B2B space are trailing slightly when it comes to having a detailed awareness of what the new General Data Protection Regulation (GDPR) laws entail.
Teradata Partners Conference 2017: the critical art of AI thinking
Data quality and critical thinking are imperative for the advance of artificial intelligence (AI), according to expert views from an event hosted by US-based Teradata. At day three (24 October) of the Teradata Partners Conference 2017 (22-26 October), in Anaheim, California, Banking Technology was there to gauge the zeitgeist in our data-drenched world. As a […]
It looks like no-one cares about data protection regulations
It doesn’t matter if they were given more than two years to get ready, with six months to go until the EU GDPR deadline, it’s going to be a sprint finish for a worryingly large number of companies, reports Telecoms.com (Banking Technology’s sister publication). That’s the view of law firm Blake Morgan. After conducting a […]
Cybersecurity progress will require speaking the right language
Elizabeth Denham, the UK’s information commissioner, made an astute point when she recently called for senior bank executives to get the same cybersecurity training as front-line staff, following the global WannaCry ransomware attack. But implementing the kind of comprehensive cyber defence strategy which includes such training will require a monumental culture shift at the top.
Lessons from the GDPR compliance journey of a large financial services organisation
In preparation for GDPR compliance, a global financial services organisation embarked on a journey to assess its core information processing environments with the objective of identifying opportunities to strengthen its privacy data protection programs. This article focuses on the technology challenges, approach, and lessons learned for the centralised testing environment.
White paper: GDPR – banks, breaches and billion euro fines
The European Union’s new General Data Protection Regulation (GDPR) introduces 72-hour breach notification requirements along with severe regulatory fines and consumers and affected third parties now have the right to sue organisations responsible for data breaches.
Banks facing fines totalling €4.7bn under GDPR
Consult Hyperion is forecasting that European financial institutions could face fines totalling €4.7 billion in the first three years under the new General Data Protection Regulation (GDPR). The report, “GDPR: Banks, Breaches and Billion Euro Fines”, which was commissioned by security firm AllClear ID, is a “conservative” forecast and excludes compensation claims, costs associated with […]
Is the UK going to be ready for EU GDPR?
With just under 12 months to go until the European Union (EU) imposes new data protection regulations, there seems to be a growing sense of unpreparedness throughout the industry, reports Telecoms.com (Banking Technology‘s sister publication). Perhaps it’s because of the timeframes which were involved for the General Data Protection Regulation (GDPR), or a misunderstanding of […]
Blockchain is here to stay, but what regulatory and legal hurdles does it now face?
DLA Piper’s John D. McGonagle speculates on what the rise of blockchain technology might mean for the future of banking, the feedback which the UK regulator FCA may receive from interested stakeholders, and some of the regulatory and legal hurdles which blockchain technology may need to negotiate in the near future.
Top fintech stories this week – 26 May 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
Gemalto bus-ts a move with GDPR double decker delight
Should you hear a vehicle trundling down your litter-strewn UK street don’t all rush out assuming it’s an ice cream van. Calm yourself and your desires for a gigantic calorie-drenched concoction, and instead prepare for Gemalto’s GDPR Clinic. Before you ask WTF? (i.e. what the fintech) – this is payments firm Gemalto and its double […]
Payments: looking down the regulatory pipeline
In the immediate aftermath of the 2007/8 financial crisis, measures to promote better conduct and improve customer protection and the resilience of the financial system dominated the regulatory agenda. More recently, regulators in many countries have added competition and innovation objectives to their agenda.
GDPR and Brexit: be prepared!
The General Data Protection Regulation (GDPR) comes into full effect in the UK in May 2018. Even if the UK triggers Article 50 of the Treaty of Rome in March 2017, it has to give two years’ notice to leave the European Union (EU), and therefore cannot escape the new data privacy provisions.
Two years to comply: how must FIs adapt to incoming data privacy regulation?
This week marks exactly two years until the General Data Protection Regulation (GDPR) comes into force. It will fundamentally change the way that companies capture, manage and store information. To comply with the GDPR, financial institutions face the prospect of having to completely overhaul legacy systems and practices in just 24 months. Customer is truly […]
Welcome back: five emails you need to send this quarter
Here’s what you don’t know about how the European Parliament is going to stretch your time and budget in 2014 …
Data protection compliance: the biggest hurdle facing the back office?
In an effort to improve the protection offered to consumers, and to harmonise data practices, the EU is currently in the process of passing two pieces of legislation: the Cybercrime Directive and the General Data Protection Regulation (GDPR). Few people have given much thought to how these will align with international financial regulation.
