FinTech: Blockchain regulation needed

Blockchain, the technology on which Bitcoin is based, has spread in recent years as the main promise of the digital economy.FerrariPollini fusion Read the rest of this entry »

e-Privacy Regulation: towards stricter rules for online marketing and IoT communications?

Olivi FusionThe Article 29 Working Party has issued an Opinion on the draft e-privacy regulation proposed by the European Commission on January 10, 2017 (we have previously commented on the draft regulation).

Among other things, the WP 29 appreciated the choice of a regulation rather than a directive, to make it fully complementary with the GDPR. It also appreciated the decision to align Over-the-Top (OTT) providers with telecoms operators with regard to confidentiality of communications, as well as the attempt to update the rules for online tracking. And it welcomed the extension of the regulation to machine-to-machine interaction, although the M2M provisions should be further expanded. Read the rest of this entry »

FinTech – between Open APIs and Strong Authentication at the time of the PSD2

Giulio CoraggioThe FinTech revolution is led by the PDS2 with banks as a platform facing legal risks due to open APIs and new strong authentication obligations. Read the rest of this entry »

Call centers: regulatory framework and operational issues

Join us on 12 April 2017 at 9 am for the Paradigma seminar on call center regulations and outsourcing contracts. This event will be a great opportunity to learn more about the innovations recently introduced by 2016 Budget Law addressing companies running internally or outsourcing call centers services serving the Italian territory. Our Giangiacomo Olivi will be discussing the practical implications for outsourcing call center services, addressing contracts, liabilities and data protection issues. Read the rest of this entry »

Is the 4th AML directive a risk for the Italian gaming market?

Giulio CoraggioThe implementation of the 4th AML Directive might have a considerable impact on the Italian gaming market, subject to the way the new provisions will be interpreted by the competent authorities.  Read the rest of this entry »

Roaming Mon Amour

Pollini fusionFerrariThe Body of European Regulators for Electronic Communications (BEREC) has published its new version of BEREC Guidelines on Regulation (EU) No. 531/2012  as amended by Regulation (EU) 2015/2120 on retail roaming, in order to clarify how it will apply from 15 June 2017. In fact, according to the Regulation’s “roam like home” formula, roaming providers will no longer be able to apply surcharges for roaming to customers, who will be allowed to pay the same retail price at home for roaming in any Member State of the EU.  Read the rest of this entry »

InsurTech: Risky business?

Pollini fusionFerrariThe world of banking is undergoing a major digital transformation through FinTech solutions, but is not the only field opening the door to technology innovations to catch up with the digital era. The insurance system is investing in tech solutions more and more to meet the demand of the new digital customers. InsurTech funding, in fact, increased by 27% only in the last year, with an estimated grow in profits up to 235 billions in 2021 (report by Juniper).  Read the rest of this entry »

Cybersecurity District – Workshop on the European Data Protection Regulation

Join us for the workshop on the European Data Protection Regulation which will be held on 29 March 2017 at the Cyber Security District in Cosenza, Via August Von Platen 9.

Our Giangiacomo Olivi and Saverio Cavalcanti will be discussing the new provisions of the EU General Data Protection Regulation (GDPR) and practical implications for data controllers and data processors. Read the rest of this entry »

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

Olivi FusionIn 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.

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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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