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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
- Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants Read more
- Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN) Read more
- OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M Read more
- intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency Read more
- Axiology Secures €5 Million Seed Funding to Accelerate the Modernisation of Europe’s Capital Markets Read more
intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency
intelliflo and Söderberg & Partners today announced a new strategic partnership designed to deliver greater efficiency, smarter workflows and an enhanced technology experience for financial advice firms.
APEXX Global Announces $10 Million Investment from Finch Capital to Accelerate Global Growth
APEXX Global, the leading merchant-centric Payment Orchestration Platform, today announced a strategic investment of up to $10 million USD led by Finch Capital, a European growth investor with deep expertise in payments and scaling financial technology players internationally.
Clearwater Analytics and TreasurySpring Announce Platform Integration for Fixed-Term Cash Management
Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management and TreasurySpring, the global cash investment platform, today announced an integration that connects CWAN’s investment management platform directly with over 1,000 cash investment products from TreasurySpring, helping institutional clients manage surplus cash with defined maturity requirements.
Eltropy Enters 2026 With Record Growth and Expanding Momentum
Eltropy, the leading agentic AI-powered conversations platform for community financial institutions (CFIs), closed 2025 with record growth across key business metrics, positioning the company for continued expansion in 2026. The company's unified platform approach helped CFIs consolidate vendor relationships while improving member engagement and operational efficiency.
ING: AI Will Redefine Banking Careers
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ANZ Launches Agentic AI-Powered CRM to Transform Business Banking
ANZ is investing in its business banking experience by deploying Salesforce's Agentforce 360 platform within its new CRM tool
Bain & Company Acquires JJC Fintech to Enhance CLM, KYC, and AML Offerings for Financial Services Clients
Bain & Company announced the acquisition of JJC FinTech, a London-based boutique financial services consulting and technology firm with deep industry experience in CLM and Anti-Financial Crime.
Lüt Announces Strategic Partnership with Safe Harbor to Expand Access to Compliant Closed-Loop Payments for Cannabis and Specialty Merchants
Lüt, a new financial ecosystem built for accessibility, reliability and growth with a first-of-its-kind closed-loop digital payments platform for cannabis and other high-risk industries, has announced its new partnership with leading financial services provider Safe Harbor to address one of the cannabis industry’s most persistent challenges: compliant and reliable payments. Through the collaboration, Lüt becomes a Safe Harbor Advantage Partner in closed-loop payment, expanding access to compliant, guaranteed-funds digital payments for cannabis and specialty merchants.
Figure Partners with moomoo and Keplr to Expand Global Access to the On-chain Public Equity Network (OPEN)
Figure is expanding investor access to the On-Chain Public Equity Network (OPEN) through new integrations with moomoo and Keplr, extending the distribution of blockchain-native public equities across both regulated brokerage platforms and self-custody wallets. OPEN allows companies to issue their equity native on blockchain and enables investors worldwide to invest in U.S. public equities while accessing decentralized finance (DeFi) for borrowing against and lending out stock.
OneDome Raises $25M Pre-Series C, Bringing Total Funding to $40M
OneDome, the UK-based housing and fintech platform, has raised $25 million in a Pre-Series C funding round, taking total funding raised to date to $40 million.
intelliflo and Söderberg & Partners Form Strategic Partnership to Drive Adviser Efficiency
intelliflo and Söderberg & Partners today announced a new strategic partnership designed to deliver greater efficiency, smarter workflows and an enhanced technology experience for financial advice firms.
Axiology Secures €5 Million Seed Funding to Accelerate the Modernisation of Europe’s Capital Markets
Uniting Europe’s capital markets by consolidating issuance, custody, trading, and settlement of securities into a regulated system built on DLT.
ComplyAdvantage Fintea Chats: Lucy Heavens on Compliance, Technology and the Future
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Chargebase Launches to Help Merchants Cut Chargebacks and Give Easy Access to Verifi and Ethoca Alerts
Chargebase, a new chargeback-prevention platform built for high-growth e-commerce and SaaS businesses, today announces its official launch. Designed to solve an expensive and existential problem for merchants – chargebacks – Chargebase gives companies instant access to Verifi and Ethoca alerts in a single, easy-to-use platform with automated workflows and transparent pricing.