Finovate
OCTOBER 22, 2024
The new rule, issued in the form of a 594-page document, aims to enhance consumers’ rights, privacy, and security over their own personal financial data. Today is a day the U.S. financial services community has been waiting for for at least a year– the Consumer Financial Protection Bureau (CFPB) issued its final 1033 rule making.
Stax
MARCH 15, 2024
Examples include the General Data Protection Regulation (GDPR) in the European Union and the Gramm-Leach-Bliley Act (GLBA) in the United States. Regulatory Compliance: Payment systems may also need to comply with specific regulations and laws related to financial transactions and data protection, depending on the region and industry.
PYMNTS
JUNE 11, 2019
The next and more important step is to create raw, anonymous and synthetic data, “because there is a big security, compliance and privacy impact.”. In short, concerns with GLBA, GDPR , PCI, reputational and headline risks tied to raw data can literally “all go away with the use of synthetic data.”.
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