article thumbnail

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?

Privacy 88
article thumbnail

Sumsub’s New Solution Helps APAC Firms Navigate Data Privacy Regulations

Fintech News

As data privacy regulations tighten across APAC, driven by growing digital transformation and increased awareness of privacy concerns, Sumsub’s LDP solution aims to help businesses navigate these evolving requirements. LDP simplifies compliance with these local regulations by ensuring data is stored and processed locally.

APACS 120
article thumbnail

European Open Banking Grows Through Smart Regulation

Tom Groenfeldt

Data privacy regs in Europe provide standards for banks and FinTech to share data, with a customer's consent, so they can offer tailored solutions.

Regs 190
article thumbnail

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.

Privacy 105
article thumbnail

GDPR and Biometric Data: Ethical Considerations and Privacy Implications

VISTA InfoSec

As technology advances and the use of biometric data becomes more prevalent, it is crucial to address the privacy concerns and regulatory compliance associated with this sensitive data. By addressing these issues, organizations can strike a balance between reaping the benefits of biometric technology and protecting individuals’ privacy.

Privacy 130
article thumbnail

Fiserv CEO embraces stablecoins

Payments Dive

By signing up to receive our newsletter, you agree to our Terms of Use and Privacy Policy. The company should also be prepared if a federal bill regulating stablecoins is signed into law, he added. You can unsubscribe at anytime. We’re going to help them develop the capabilities.”

article thumbnail

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. Therefore, ensure you prioritize data privacy compliance. How is that? But that’s not all.

Privacy 130