Latest Privacy News: Finextra Research

Robots save Nordea from GDPR processing nightmare

With the new General Data Protection Regulation (GDPR) threatening to swamp workers, Nordea turned to Robotics Process Automation (RPA), slashing the time needed to process customer requests.

18 June 2018

News/Privacy

Ripple exec says DLT not ready for banks...yet

A lack of scalability and privacy issues are preventing banks from using distributed ledger technology (DLT) to process cross-border payments, says a senior executive at one of the most prominent startups in the DLT space.

14 June 2018

News/Privacy

Singapore to develop ethical code for AI and personal data use

Singapore's government has outlined plans to develop a governance programme around the use of artificial intelligence and personal data in its bid to become an international centre for new technology.

13 June 2018

News/Privacy

ABN Amro takes stake in data collection startup Ockto

ABN Amro’s Digital Impact Fund (DIF) is acquiring a minority stake in local fintech startup Ockto, which specialises in helping consumers and businesses to safely collect and share personal data.

24 May 2018

News/Privacy

CBA lost tape drives on 19.8 million accounts, but decided not to notify customers

Commonwealth Bank of Australia has finally come clean on a potential data breach involving 19.8 million customer accounts in 2016, after initially failing to notify customers of the incident.

02 May 2018

News/Privacy

Microsoft defends support for controversial Cloud Act

A long-running court battle between Microsoft and the US government about whether the latter had the right to access emails held in Microsoft's Irish data centre has come to an anticlimactic end after a judge dismissed the case, ruling it to be "moot" due to the recent passing of the Cloud (Clarifying Lawful Overseas Use of Data) Act.

05 April 2018

News/Privacy

Swift Institute challenges University teams to tackle data privacy under Open API

The academic research arm of interbank payments network Swift is calling on Australian-based students to devise new ways and means of protecting personal information in an open banking environment.

08 January 2018

News/Privacy

BBVA-backed Covault launches digital ID protection app

A digital ID startup backed by BBVA has launched a mobile app that uses biometrics and private key technology to help users securely store, share and verify their identities and documents.

06 December 2017

News/Privacy

Can regtech and CLM save the customer experience? - new Finextra report

Increased regulatory burden is hampering smooth and timely onboarding of customers, as banks struggle with technology implementation and budget parameters, according to financial industry professionals surveyed in a new paper by Finextra Research.

12 October 2017