Data ad tech governance for the connected retail sector 2: Retailers as tech operators

In the previous post we discussed how sound personal data governance will help retailers to seize the opportunities provided by digital transformation.

Retailers are aiming to grow globally, in part to offset the limited growth available in mature markets. Within such a wider perspective, governance should also address reputational risks with a holistic approach. Data governance should be linked to policies and procedures affecting specific business lines (including fraud, anti-money laundering sanctions, financial integrity and ethical sourcing), with adequate cross-business training programs.

Olivi Fusion Read the rest of this entry »

A.I. and Finance: the new (Automated) White Collars?

FerrariPollini fusionAutomated technologies have been implemented in multiple industries, from education to healthcare, and the banking system is riding the wave of technology opportunities too. Robotics helps identify and manage financial risks and evaluate credit limits, while Big Data Finance techniques extract the relevant elements of a dataset, reducing the amount of data to deal with. The FinTech world in general is providing structural and organizational changes in the way in which the financial system works.

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Italian authorities send a message with EU’s highest data protection fine as GDPR looms

laura_borelliOlivi FusionThe Italian Data Protection Authority (Garante per la protezione dei dati personali, “Garante”) has this month imposed fines of more than €11 million on five companies operating in the money transfers sector for unlawful processing of personal data. This is the largest fine ever imposed by a European Data Protection Authority.

Sigue Global Service Limited, a UK web-based money transfer firm, and four companies operating as its agents in Italy, were found to have transferred large amounts of money to Chinese entrepreneurs in breach of Italian money laundering regulations and the provisions of the Legislative Decree 30 June 2003 no. 196 (Codice per la protezione dei dati personali, Italian Privacy Code). Read the rest of this entry »

€ 3+ million sanction issued for unlawful prize promotions in Italy

A € 3+ million sanction was issued against a multinational company by the Italian Competition Authority for prize promotions unlawfully performed.Giulio Coraggio Read the rest of this entry »

FinTech: More stringent standards for e-payments security?

FerrariPollini fusionElectronic payment is facing a tremendous growth in today’s world. We are already accustomed not to pay with notes and coins for a significant number of daily purchases, such as lines tickets, movies, and grocery shopping. Mobile payments, in particular, are evolving more and more across the globe thanks to the continuous expansion of apps payment systems agreements between tech companies and financial institutions. Read the rest of this entry »

Data and tech governance for the connected retail sector 1: Keep compliant to thrive in an era of digital transformation

 

The retail sector is embracing digital transformation, with the connected retail market expected to reach more than USD 50 billion by 2022, according to Grand View Research).

An increasing amount of personal data is used for customer intelligence, as well as production and supply chain optimization. IoT (Internet of Things) is driving such growth, as smaller and more efficient retail spaces become “fulfillment centers”, with a wide usage of sensors that create unique customer experiences.Olivi Fusion Read the rest of this entry »

Fintech: The State of Art of Social Lending in Italy

Ferrarilaura_borelliIn the past few years, social lending, i.e. the practice through which private and institutional investors can lend their money to individuals or businesses through online platforms without the direct involvement of a traditional financial institution, has experienced a tremendous growth, thus becoming one of the hottest industries in fintech.

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Made For Outlet Products in Italy: Problems and Perspectives

In Italy the discipline of outlets is not governed by a State law, but by multiple regional laws. There have been few attempts to regulate outlets in a unitary manner, particularly by Federazione Moda Italia (http://www.federazionemodaitalia.com), but so far such attempts did not lead to conclusive results.elena varese Read the rest of this entry »

Top 3 takeaways from DLA Piper gambling and tax event

Upcoming licensing regimes, strict sanctions and privacy compliance are among the regulatory changes discussed during the DLA Piper gambling and tax event.Giulio Coraggio Read the rest of this entry »

Data protection laws and AI: What can we learn from the GDPR?

Connected devices that exchange substantial volumes of data come with some obvious data protection concerns. Such concerns increase when dealing with artificial intelligence or other devices/robots that autonomously collect large amounts of information and learn though experience.

Although there are not (yet) specific regulations on data protection and artificial intelligence (AI), certain legal trends can be identified, also taking into account the new European General Data Protection Regulation (GDPR).Olivi Fusion Read the rest of this entry »

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