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The rise of generative AI in payment security: A double-edged sword for data privacy

The Payments Association

The dual impact of generative AI on payment security, highlighting its potential to enhance fraud detection while posing significant data privacy risks. It underscores the need for payment firms to balance AI innovation with robust privacy and regulatory compliance to protect sensitive consumer data. Why is it important?

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Banks, fintechs must reframe data privacy debate

Payments Source

Financial firms could lose access to data that’s critical to their businesses if Congress passes a privacy bill. To change lawmakers’ minds, they need to show how data in the right hands has the power to improve customers’ lives.

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CFPB requests public comment on consumer privacy protections

Bank Automation

The Consumer Financial Protection Bureau published a request for information today asking the public to comment on data privacy protections on digital payments. When people pay […] The post CFPB requests public comment on consumer privacy protections appeared first on Bank Automation News.

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Swift and Google Cloud Join Forces to Combat Fraud with AI Innovations

Fintech News

The partnership will leverage advanced AI and federated learning techniques combined with privacy-enhancing technologies (PETs) and Trusted Execution Environments (TEEs). This will enable collaborative intelligence without compromising the privacy or security of sensitive financial data.

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Worldcoin banned in Portugal over privacy concerns

Finextra

Worldcoin, the crypto biometric project fronted by OpenAI boss Sam Altman, has been temporarily banned in Portugal over data privacy concerns.

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Guarding the Gates: Data Compliance and Privacy

Segpay

The rise of data privacy concerns has led to a surge in global regulations, such as the EU General Data Protection Regulation (GDPR) and the California Consumer Privacy Act (CCPA), which are drafted to protect peoples individual data protection rights. Africa and Asia show different levels of adoption with resp.

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Data Privacy in Online Marketing: What Is Changing & How to Adapt?

VISTA InfoSec

Therefore, it’s no surprise that data privacy regulations are constantly improving. In this post, we will address some of those questions while exploring what the new data privacy regulations mean for online marketing. Nonetheless, even high search engine credibility won’t suffice if your data privacy policy is inadequate.

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