Studies show that many organisations are not aware of the fines they could face after GDPR comes into effect, or lack the technology to allow for compliance. The penalties for non-compliance are high: any breaches incur a maximum penalty of 4% of the organisation’s global annual turnover, or €20m, whichever is more.
Content by this author
The Financial Conduct Authority (FCA) has selected 24 fintech companies to start testing their new financial products in its “regulatory sandbox”.
A global poll of corporate treasurers and other financial professionals identifies the current pain points, eight years on from the global financial crisis.