In a move significant for the financial sector, the European Data Protection Board (EDPB) issued an opinion on October 7, 2024, aimed at guiding data controllers on their reliance on processors and subprocessors under the General Data Protection Regulation (GDPR). The guidance underscores two
In the complex landscape of banking, one of the most significant challenges remains the inefficiency and regulatory complexities involved in client onboarding. Extended onboarding times and inflated costs are frequent issues, as highlighted during a recent webinar organized by Chartis and
The Consumer Financial Protection Bureau (CFPB) has recently finalized a groundbreaking rule that aims to revolutionize consumer rights, privacy, and security in the financial services sector. This rule mandates that financial institutions, credit card issuers, and other service providers must
Open Banking is at the forefront of a financial revolution, fundamentally changing how banks, customers, and third-party providers interact. By securely sharing banking data through APIs (Application Programming Interfaces), Open Banking fosters innovation, improves customer experiences, and offers
Open banking is gradually making its way to the forefront of the financial sector in the United States, promising to revolutionize the way consumers interact with financial services, especially in the realm of real-time payments. This innovative approach aims to provide more streamlined and
In the transformative digital era, the banking sector has experienced unprecedented changes due to the emergence of numerous fintech organizations and innovative digital banking solutions. These advancements have significantly simplified financial transactions and increased accessibility, making
