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Source: Ping Identity

Ping Identity (NYSE: PING), the intelligent identity solution for the enterprise, today announced the launch of a Consumer Data Right (CDR) Integration Kit enabling Australian banks and fintech company data holders to rapidly align with CDR regulatory requirements while also simplifying data recipient functionality.

The Office of the Comptroller of the Currency (OCC) has hit Morgan Stanley with a $60 million penalty for failing to properly decommission two wealth management data centres in 2016.

Key Ring, an app that lets people upload and store card details, has left the information of millions of users exposed, according to researchers at vpnMentor.

Enterprise data management RegTech SteelEye has secured $10 million in growth capital in a round led by the FinTech Strategic Investments team at Eight Roads, the proprietary investment firm backed by Fidelity, alongside existing investor Illuminate Financial.

Technological innovations in financial services (fintech) are increasingly transforming the way financial services are provided. While fintech opens opportunities, it also comes with potential risks.

UK consumer electronics retail group Dixons Carphone has been fined £500,000 after hackers compromised its point-of-sale system and gained access to the details of 5.6 million payment cards.

Nine out of ten people say data privacy is important to them, according to a recent Mastercard-commissioned survey, yet only one-quarter say companies are doing a very good job handling individuals’ data.

AutoRek have released an industry report which takes a deep dive into the world of data management in financial services, alongside the various factors which have grown it into a board-level concern at many firms. The paper, Investing in the Automation Revolution, was released last week in conjunction with WBR Insights.

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