FCA calls for input on the use of synthetic data to support financial services innovation
The Financial Conduct Authority has launched a study into the use of algorithmically generated synthetic data and its potential for safely opening data sharing between firms, regulators and other public bodies.
European Commission adopts new tools for safe exchanges of personal data
Source: European Commission
Today, the European Commission adopted two sets of standard contractual clauses, one for use between controllers and processors and one for the transfer of personal data to third countries.
MobiKwik calls in external auditors to investigate alleged data breach
Having initially dismissed reports of the leak of 100 million customer files on the dark web, Indian payments processor MobiKwick has brought in external investigators to conduct a forensic data security audit.
EBA calls on regulators to get tough with banks over data sharing
The European Banking Authority is calling on national supervisory authorities to take action against banks limiting access to payment accounts for third parties.
Ping Identity launches Consumer Data Right integration kit
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.
Morgan Stanley fined $60m over data centre decommissioning failures
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 data leak exposes millions of user details, say researchers
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.
RegTech startup SteelEye raises $10 million
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.
