The UK’s Information Commissioner’s Office (ICO) plans to impose a fine of £183m on British Airways for last year’s leak of sensitive customer data, the first such flexing of the regulator’s...
On July 3, 2019, the Information Commissioner’s Office (ICO) issued guidance on the use of cookies and similar technologies and how to comply with the provisions of the Privacy and Electronic...
The head of the UK parliament’s influential Treasury Select Committee has called for a mandatory code of conduct for open banking participants, in a harbinger of further political scrutiny of data...
Regulators in Europe have staked out claims to supervise Facebook’s nascent global payments system, as the world’s club of central banks caution over the shadow technology giants are casting over...
On May 28, 2019, Fintech Finland launched a consultation on the Financial Supervisory Authority's draft Regulations and Guidelines for Virtual Currency Providers (4/2019)....
On May 21, 2019, the State Data Protection Inspectorate (SDPI) released its review report on personal data protection activities in 2018. Such activities in Lithuania are carried out by two bodies ...
A firm in Lithuania has become the first to be fined by the fintech hub for reaping too much customer data while carrying out payment initiation, highlighting the risk of collision between data...
On May 16, 2019, the State Data Protection Inspectorate announced its decision to impose an administrative fine under the General Data Protection Regulation (GDPR) on the company UAB MisterTango,...
On May 15, 2019, the Hellenic Data Protection Authority announced its list of activities and operations that, if performed by controllers, trigger the obligation to carry out a data protection...
Europe’s financial sector is aiming high for greater alignment between US and EU regulatory regimes in the sector, but experts warn that ongoing divergence in attitudes toward data protection could...
On April, 24, 2019, the Financial Analytical Unit (FAU) published its annual report for 2018, summarising information about its activities in 2018 and information on the current trends with regard...
On April 4, 2019, the draft law ratifying Ordinance No. 2018-1125 of December 12, 2018, which was introduced in the National Assembly on April 2, 2019, was made public. The draft law is part of the...
The Swedish Data Protection Authority has launched a review into payments giant Klarna’s processing of its customers’ data, citing concerns raised by users.
On March 11, 2019, the National Commission for Data Protection (CNPD) published a list of activities for which a data protection impact assessment (DPIA) is mandatory....
Consumer and privacy watchdogs have heavily criticised the draft Australian law to facilitate the launch of open banking in the country, while fintechs eager to move onto legacy banks’ turf urge...
After a string of setbacks Netherlands has finalised its long-awaited transposition of the revised Payment Services Directive (PSD2), with the landmark reforms taking effect from today.

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