Landmark Ruling: EDPB Sets Precedent with Binding Decision on TikTok’s Data Practices

data protection

In a pivotal move for data protection, the European Data Protection Board (EDPB) unveiled its Binding Decision 2/2023 on September 15, 2023. This decision, adopted on August 2, 2023, under the authority of Article 65(1)(a) of the General Data Protection Regulation (GDPR), addresses a contentious dispute surrounding TikTok Technology Limited.   The dispute arose from […]

Privacy by Design Became the ISO Standard!

privacy by design

In January 2023, the International Standards Organization (ISO) published ISO 31700-1:2023 and ISO/TR 31700-2:2023 standards on consumer protection and Privacy by Design for consumer goods and services. Privacy by design is an approach to data privacy that emphasizes the need to consider privacy from the outset of any project or initiative that involves the collection, […]

Legal Compliance with Artificial Intelligence (AI) Technology

Legal Compliance with Artificial Intelligence (AI)

From self-driving cars to smart chatbots, AI is revolutionizing the way we live and work! Legal Compliance with Artificial Intelligence (AI) Technology As the world is on the verge of a major shift in the way we live and work, artificial intelligence (AI) has begun to transform our lives and societies. With the rapid development […]

EU Corporate Sustainability Reporting Directive

Corporate Sustainability Reporting Directive

EU corporate sustainability reporting directive adopted. Council gives final green light to corporate sustainability reporting directive. The Council gave its final approval to the corporate sustainability reporting directive (CSRD). This means that companies will soon be required to publish detailed information on sustainability matters. This will increase a company’s accountability, prevent divergent sustainability standards, and […]

Open Banking Means New Revenue Streams for Financial Institutions

Financial Institutions

The banking world is changing rapidly. In September 2019, the Payment Service Directive 2 (PSD2) went live in the European Union, marking a fundamental milestone towards the advent of open banking, which aims to deliver new ways of connecting banks and financial institutions to their customers. Open Banking Means New Revenue Streams for Financial Institutions […]

These are the Real Benefits of Open Banking

Real Benefits of Open Banking

Banks and financial institutions are now experiencing a seismic shift. There’s a significant transformation happening in the sector, which quickened three years ago when the Payment Service Directive 2 (PSD2) went into full effect in Europe. But also a challenging pandemic situation that we are all struggling with, which has profound implications for all the […]