Rojin Nair, Advisor
June 1st, 2021
PYMNTS | Mar 31, 2022
The European Union has passed several laws aimed at providing digital identity protection, among them the General Data Protection Regulation (GDPR), which went into effect in 2018.
Among the biggest violators of these protocols? American websites. According to one study, 67% of the top 1,000 websites in the United States were in violation of the GDPR.
The violations at work here vary, with 43% of websites not offering users the ability to opt out of selling data, 55% failing to notify users of cookies when they visit the site for the first time, and 32% of sites containing ad trackers.
The study pointed out that while GDPR exclusively concerns Europe, websites originating in the U.S. still sell goods and services to EU customers. Fines for violations of the GDPR range from $80,000 to $120,000.
To help smaller app developers make sure they’re complying with the GDPR — and thus avoiding penalties they may not be able to afford — Google has launched a new platform called Checks that leverages artificial intelligence (AI) to scan code bases and evaluate them for privacy and other areas in which they may fall short of GDPR’s standards. In addition, the platform performs scans for compliance in the U.S. and Brazil, ensuring a significant portion of the world’s app developers are avoiding regulatory penalties.
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Economist | May 9, 2022
Covid-19 has been a trigger for digital acceleration in almost every industry. Technology has forced financial institutions—under mounting pressure from new competitors such as fintechs and large tech companies—to make or propose regulatory, operational and customer-centric changes. Bankers echoed that sentiment in a recent EIU survey, where they were most likely to name payment platforms such as PayPal, Alipay and Apple Pay as the non-traditional industry entrants that represented their biggest competition.
While tech firms have clearly eroded some of banking’s traditional functions, what’s less clear is how bankers plan to respond. Are they altering offers, entering new lines of business, buying technology, lobbying regulators, partnering with potential competitors, or innovating their own technology? How fierce is the competition for talent between banks and tech giants?
Questions we will address include:
What challenges and obstacles do they face in innovating their systems and strategies?
The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org
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Support NCFA by Following us on Twitter!Follow @NCFACanada ![]() Not to be missed! Registration NOW OPEN! |