Landmark Ruling: EDPB Sets Precedent with Binding Decision on TikTok’s Data Practices
In a pivotal move for data protection, the European Data Protection Board (EDPB) unveiled its Binding Decision 2/2023 on September 15, 2023. This decision, adopted on August 2, 2023, under the authority of Article 65(1)(a) of the General Data Protection Regulation (GDPR), addresses a contentious dispute surrounding TikTok Technology Limited. The dispute arose from […]
Privacy by Design Became the ISO Standard!
In January 2023, the International Standards Organization (ISO) published ISO 31700-1:2023 and ISO/TR 31700-2:2023 standards on consumer protection and Privacy by Design for consumer goods and services. Privacy by design is an approach to data privacy that emphasizes the need to consider privacy from the outset of any project or initiative that involves the collection, […]
Legal Compliance with Artificial Intelligence (AI) Technology
From self-driving cars to smart chatbots, AI is revolutionizing the way we live and work! Legal Compliance with Artificial Intelligence (AI) Technology As the world is on the verge of a major shift in the way we live and work, artificial intelligence (AI) has begun to transform our lives and societies. With the rapid development […]
EU Corporate Sustainability Reporting Directive
EU corporate sustainability reporting directive adopted. Council gives final green light to corporate sustainability reporting directive. The Council gave its final approval to the corporate sustainability reporting directive (CSRD). This means that companies will soon be required to publish detailed information on sustainability matters. This will increase a company’s accountability, prevent divergent sustainability standards, and […]
Open Banking Means New Revenue Streams for Financial Institutions
The banking world is changing rapidly. In September 2019, the Payment Service Directive 2 (PSD2) went live in the European Union, marking a fundamental milestone towards the advent of open banking, which aims to deliver new ways of connecting banks and financial institutions to their customers. Open Banking Means New Revenue Streams for Financial Institutions […]
These are the Real Benefits of Open Banking
Banks and financial institutions are now experiencing a seismic shift. There’s a significant transformation happening in the sector, which quickened three years ago when the Payment Service Directive 2 (PSD2) went into full effect in Europe. But also a challenging pandemic situation that we are all struggling with, which has profound implications for all the […]
4 Open Banking Use Cases Driving Digital Transformation
Open banking is changing completely the way we think about financial services. If you read this blog, you probably know that already, as it’s one of our favorite topics to research and inform you about, given the critical relevance for all the companies operating in the finance industry. 4 Open Banking Use Cases Driving Digital […]
Banks Can Be On The Winning Side Of The Open Banking APIs
How Can Banks Be On The Winning Side Of The PSD2 Revolution? Open Banking Application Programming Interfaces (APIs) can help banks do more than comply with the Payment Service Directive (PSD2). APIs can help banks evolve into the digital age. Banks can have immediate benefits from open banking APIs • Expanded Revenue Sources A 2016 […]
