The General Data Protection Regulation (GDPR) and European 2nd Payments Service Directive (PSD2) will result in significant internal and external changes to the way banks operate. Internally banks need to think about where personal data is stored and how it is managed. Externally banks are being forced to open up APIs that will give third parties permissioned access to customer and transaction data. To turn this into an opportunity banks should become identity providers. This talk will explain why this is the case and explore how a bank-led digital identity eco-system could evolve.
This panel will introduce and debate what would an ideal suite of tools comprise of, to adequately mitigate risks arising from non compliance with GDPR. The intention to comprise the panel of representatives from solutions organisations, the insurance industry and consortia associated with data privacy and personal data.