Breaking News
Meta Data Fine: Reaction From Data Industry
Tim Bowes, Associate Director at the consultancy Dufrain, comments on the news that Meta is hit with record €1.2bn fine over EU-US data transfers:
“In a fitting lead up to the anniversary of GDPR, today’s record-breaking fine for Meta should signal to all companies that no-one is immune from regulatory scrutiny! It’s simply not enough for companies to consider themselves compliant where they are headquartered – the transfer of data to regions with different privacy laws needs due consideration and pleading ignorance or blaming how data is stored or used won’t fly.
“Aside from legal measures such as implementing standard contractual clauses, practical measures companies can take to avoid non-compliance include completing a stringent data audit to identify what personal data is collected, where it is stored and how it is used. It is equally vital that appropriate security measures such as encryption and regular audits take place to ensure ongoing compliance. Not only this, but companies need to make sure they have clear and transparent processes in place for obtaining valid consent from individuals for the collection and use of their personal data.”
Companies In This Post
- Fire’s Strategy for the Future of Embedded Payments Read more
- Gold IRA “Account Executive” Salesman Tactics Leaked Read more
- NatWest Accelerator Announces New Commitments to Build an Inclusive Entrepreneurial Economy Read more
- Revolut Locks in Paris Headquarters for Western Europe Read more
- Mastercard and Krungthai Card Complete First Live Agentic Transaction in Thailand Read more
NatWest Accelerator Announces New Commitments to Build an Inclusive Entrepreneurial Economy
The NatWest Accelerator Female Founders Community and new strategic partners will help unlock growth for diverse founders across the UK
Revolut Locks in Paris Headquarters for Western Europe
Revolut today announced it has signed a ten-year lease for its Western Europe headquarters at the crossroads of the Bourse district, the historic heart of French finance
Finastra and Marketnode Transform Credit Agreement Onboarding Through AI
Finastra announced a strategic partnership with Marketnode to digitize and automate the credit agreement onboarding process for corporate lenders
Finova Broker Payments Partners with Mortgage Broker Tools to Deliver Enhanced Research Capabilities for Brokers
Finova Broker Payments, Finova’s mortgage club designed to support brokers with competitive procuration fees and value-added services, has today announced a new partnership with Mortgage Broker Tools (MBT), the leading affordability and criteria research platform for residential and buy-to-let mortgages.
Feynman Point Asset Management Selects Arcesium to Deliver Reconciliation Across Digital and Traditional Assets
Arcesium, a global financial technology company delivering front-to-back office solutions to institutional investment firms, today announces its partnership with Feynman Point Asset Management (FPAM) to enable unified multi-asset infrastructure across digital and traditional assets. With Arcesium's reconciliation solutions, FPAM is positioned to support enhanced settlement cycles allowing it to efficiently scale operations as the business grows.
ClarityPay Adds Fintech Veteran Lynne Laube to Board of Directors as It Scales Growth
ClarityPay, a provider of tailored point-of-sale credit solutions, today announced that Lynne Laube, founder and former CEO of Cardlytics and current Venture Partner at TTV Capital, has joined its Board of Directors.
Cathay FHC Advances AI Adoption Across the Group With OpenAI
Cathay FHC announced a long-term strategic collaboration with OpenAI to strengthen the Group's core capabilities in AI research, deployment, and governance
Fire’s Strategy for the Future of Embedded Payments
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Gold IRA “Account Executive” Salesman Tactics Leaked
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NatWest Accelerator Announces New Commitments to Build an Inclusive Entrepreneurial Economy
The NatWest Accelerator Female Founders Community and new strategic partners will help unlock growth for diverse founders across the UK
Revolut Locks in Paris Headquarters for Western Europe
Revolut today announced it has signed a ten-year lease for its Western Europe headquarters at the crossroads of the Bourse district, the historic heart of French finance
Mastercard and Krungthai Card Complete First Live Agentic Transaction in Thailand
Mastercard announced the completion of a pilot that delivered its first authenticated agentic transaction in Thailand with KTC
Finastra and Marketnode Transform Credit Agreement Onboarding Through AI
Finastra announced a strategic partnership with Marketnode to digitize and automate the credit agreement onboarding process for corporate lenders
Profile Software Strengthens Its UK Investment Management Offering With the Acquisition of Contemi Solutions
Profile announces the integration of Contemi’s clients, products, technology and teams into Profile’s investment management business