The Consumer Financial Protection Bureau (CFPB) recently issued a report listing regulatory concerns around how gaming and virtual reality companies facilitate transactions and collect sensitive data. As “Banking in Video Games and Virtual Worlds” makes clear, the CFPB sees both industries processing transactions and collecting the...
Main Street businesses represent the backbone of both the American economy and their local communities. And with the news on Tuesday (April 16) that Rapid Finance has teamed up with Galileo Financial Technologies on a small business financing solution, small business lending is top of mind for financial...
In a dynamic connected economy landscape, where every click, swipe and tap leaves a digital footprint, the notion of privacy has become an elusive concept, sought after yet increasingly challenging to attain. Recent events, such as the settlement between tech behemoth Google and several users...
Spain has ordered Sam Altman’s cryptocurrency project Worldcoin to cease collecting its citizens’ data. The order Wednesday (March 6) from the Spanish Data Protection Agency (AEPD) also blocks the data the project has already collected using its eyeball-scanning orb. “The AEPD has received several complaints against this company about insufficient...
April 02, 2024
In a dynamic connected economy landscape, where every click, swipe and tap leaves a digital footprint, the notion of privacy has become an elusive concept, sought after yet increasingly challenging to attain. Recent events, such as the settlement between tech behemoth Google and several users over the improper collection of data during “incognito” browsing sessions, […]
August 15, 2023
Charles Zhu, vice president of product at Enigma, said “know your business” (KYB) mandates can be onerous on financial institutions (FIs) building an in-house compliance process. But for forward-thinking FIs,...
August 09, 2021
As finance chiefs take the reins on digitization, they’re beginning to shift their mindset and adjust the goal posts, as simply getting rid of paper or automating a workflow is...
June 21, 2021
It may be the digital age but Dr. Don Vaughn, PhD., head of product at Invisibly says that the only ones not profiting from the collection and use of personal...
March 06, 2024
Spain has ordered Sam Altman’s cryptocurrency project Worldcoin to cease collecting its citizens’ data. The order Wednesday (March 6) from the Spanish Data Protection Agency (AEPD) also blocks the data the project has already collected using its eyeball-scanning orb. “The AEPD has received several complaints against this company about insufficient information, the collection of data from minors and the fact […]
December 20, 2023
The Federal Trade Commission (FTC) has proposed changes meant to enhance children’s privacy and restrict companies’ ability to exploit children’s data for monetization purposes. The proposed changes to the Children’s Online Privacy...
August 31, 2023
France’s data regulator, the CNIL, this week carried out “checks” at the Paris office of Worldcoin, a digital identity and cryptocurrency platform co-founded by OpenAI CEO Sam Altman, as part...
January 18, 2023
The amount of money transfer data available to law enforcement is larger than previously reported. The database includes 150 million such transfers from the United States to other countries, is...
