GDPR, PSD2 & ePrivacy: the data rights management regulations driving innovation in financial services
Few people associate regulation with innovation. For some, regulation is seen as a necessary evil to protect consumer rights and fight fraud. For others, it’s a straitjacket that can reduce operational agility. Much has been said about how GDPR is enhancing the customer experience by strengthening individual data rights. However, the GDPR is not the only data rights management regulation driving innovation in Europe: the PSD2 & the ePrivacy Regulation are also prompting financial institutions to consider how to turn regulation into an innovation opportunity.
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