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FCA sets out plans to make Big Tech a priority and provides update on its approach to AI

Data Protection Report

The speech also covered the FCA’s response to the Government’s White Paper on Artificial Intelligence ( AI ), which was also published in parallel with the speech. Work with Big Tech firms to examine whether their data from their data from their core digital activities would be valuable in certain retail financial markets.

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Open APIs: A coming of age

CGI

One of the hottest topics at this year’s Sibos conference in Geneva, Switzerland was open APIs (application programming interfaces), and how their introduction is causing concern among some financial institutions, while offering promising opportunities for early adopters. For example, who will own the data model and update it?

Insiders

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The time for government blockchain proofs of concept is now

CGI

For the past two years, CGI has seen an exponential uptick in commercial sector interest in blockchain beyond just the financial services industry. For example, the U.S. In bitcoin, for example, the consensus standard is “proof of work.” Many government agencies also have been wading deeper into the blockchain waters.

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Regulatory Update: NAIC Summer 2019 National Meeting

Data Matters

Securities and Exchange Commission on June 5, 2019, broker-dealers and associated persons are required to act in the best interest of a retail customer when recommending a securities transaction or investment strategy involving securities to a retail customer. NAIC Adopts White Paper on Understanding the Market for Cannabis Insurance.

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The Business of Data Newsletter – Issue 7 (7 December 2018)

Information Matters

. “Seven out of 10 UK consumers and two-thirds, on average, around the world would stop doing business with a brand that suffers a breach of users’ financial or personal data. “In either of these examples, the IoT technology only delivers its full value when the data is properly captured and processed. ” [link]. .

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