How General Data Protection Regulation Will Impact Risk Mitigation in 2019

Data use regulation and consumer consent is far and away the biggest concern of many developers in risk and fraud systems. It is something that could have significant effects across all areas of FinTech. There are too many unknowns and hundreds of different opinions across all fields on what is acceptable today and what may be acceptable tomorrow. This applies to all use cases including fraud.

The General Data Protection Regulation (“GDPR”) is a legal framework that currently requires businesses to protect the personal data and privacy of European Union (EU) citizens for transactions that occur within EU member states. Watch for similar legislation to come to the state and federal level in the U.S.