There’s a real conflict today with data privacy. On the one hand, increasingly tight privacy and security regulations are being introduced around the globe, such as GDPR and CCPA, and we are being given greater choices regarding sharing personal data. On the other hand, we are seeing an ever-increasing number of events that rip control away from the individual.
GDPR is a very thorough regulation, requiring control of personal data processing, distribution and storage. It has been used as inspiration for other regulations including Brazil’s Lei Geral de Proteção de Dados LGPD, its general data protection regulation.
It's been two years since the General Data Protection Act (GDPR) was introduced, but organisations still see accountability as a strain on the business. In this Martech Advisor article, Solidatus co-founder Philip Dutton discusses ways to turn compliance into an operational advantage.
In light of the Covid-19 pandemic, regulators have, unsurprisingly, followed the lead of their central bank cousins. One consequence is that transformational regulation, like MAS 610 and 1003, has been delayed. This wise course of action affords banks the chance to ensure they have every opportunity to comply and avoid the consequences of not doing so.
After working for the leasing division of Barclays for 11 years, it was very strange to move from an established process of working, to join the ‘dark side’; a start-up software company selling trading software back to Banks. It was an exciting time, as financial services organisations were going through dramatic change and adopting new technology and practises.