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.
The European Commission has given a public nudge to five countries it says have failed to make the necessary legislative reforms to bring the General Data Protection Regulation (GDPR) into national...
A landmark year for the continent’s payments industry, 2018 oversaw the introduction of major new EU legislation. The shift towards open banking propelled by regulation was accompanied by new rules...
On December 13, 2018, the UK government published a guidance notice clarifying what will be expected from UK organisations in the context of amendments to be brought about in the data protection...
On December 6, 2018, Organic Law 3/2018, of December 5, on the Protection of Personal Data and guarantee of digital rights, was published in the official gazette. The law, which was approved by the...
Financial institutions in Poland are caught between European data protection laws and national on-boarding requirements, forcing some into onerous work-arounds to avoid the risk.
Uncertainty is mounting over Prime Minister Theresa May’s ability to secure parliamentary support for her Brexit plan, but the UK’s top financial regulator has warned that a rumoured “Plan B”...

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