2018 has been a year in which big data is everywhere. As the amount of information cascading into the business world surges, there is almost no part of operations which are unaffected. One of the most under explored, but fascinating, areas could be its role in creating a more sustainable and responsible approach to business.
Data breaches have gone mainstream – that’s the conclusion of regulators as they look back on the first six months of GDPR. They show that the number of companies reporting breaches and the number of customers making complaints have risen dramatically since the new law came into force.
As banks prepare to move clients and operations into the EU, the FCA has warned them that they may be exposing their clients to added costs and risks.
“As technology changes over time and new developments emerge, it is natural to experience disruptions that challenge the prevailing regulatory framework.”
Business as usual – at least for a little while. That’s the message from Theresa May’s draft withdrawal plan, but the banking sector don’t seem to be popping the champagne just yet. And if you want to see why even a permanent deal on access to banking services could be problematic, you only have to …