Industry insiders have told payments businesses that blockchain technology will not be the remedy to their compliance woes, advising firms to concentrate on more immediate solutions.
Regtech has the potential to reduce compliance workloads, open up business opportunities and even lower officers' risk of jail time, according to advocates of the technology.
UK-based payroll, accounting and payments software provider Sage revealed yesterday it has become the latest high profile company to suffer a breach of its data security systems.
Industry uncertainty over the financial authorities’ stance on regulatory technology, or “regtech”, is stifling its use in meeting compliance duties, according to an official consultation.
Following the UK’s decision to leave the European Union on June 23, PaymentsCompliance takes a look at the country's various exit scenarios and their data protection implications.
Following years of discussions, the reform of the EU data protection framework was finally adopted by the European institutions in April 2016. ...
British rules on cross-border data transfers are likely to remain stringent despite legal uncertainty created by the UK’s vote to leave the EU, according to government officials and legal experts.
European regulators must improve the design of existing and future rules to make the most of technological change, according to a senior EU advisor on innovation. 
Payments companies in the UK face a raft of legal complications following the country’s decision to leave the EU.
The so-called “right to be forgotten” set to be brought in by European data protection reforms looks likely to be undermined by payments compliance obligations, according to industry experts.
European officials are unsure how consent requirements for the processing of personal data are likely to play out under two major legal reforms around payments and data protection,...
David Zetoony, a partner at Bryan Cave law firm, provides practical guidance about data transfers between countries, with regard to the Safe Harbor framework, EU model contracts and Binding...
European plans to apply extra rules around protecting payments data are being met with scepticism by legal experts, who point to a raft of existing data security requirements.
Sarah Delon-Bouquet, counsel at Bryan Cave law firm, discusses how companies can prepare for the GDPR, looking particularly at the provisions involving the reinforcement of individuals’ rights, the...
Jane Jenkins and Iona Crawford from Freshfields Bruckhaus Deringer outline the aims and requirements of the Network Information Security Directive, which was officially adopted on May 17 and is due...
European companies will have to deal with greater scrutiny over their processes for protecting customer data under new regulations, according to a British law firm.