Search
Content type: Long Read
Introduction
Technology has driven a number of changes in the way that financial services are packaged and accessed by consumers. These changes have led to the rise of fintech, a data intensive industry that has been touted for its convenience and as an alternative to traditional financial services.
The current article looks at the use of digital loan Apps in Philippines and Kenya and contextualises the global discussions on fintech which we have been monitoring for some years. Research…
Content type: Advocacy
Privacy International welcomes this opportunity to submit comments to the FATF consultation. The draft recommendation is an improvement on existing guidance that we have reviewed.
We also welcome the calls of the FATF for accommodations that will relieve burdens upon individuals who are being excluded from the financial sector, as a result of the FATF’s prior recommendations.
PI believes that identity systems must empower people. The initial question surrounding the development of any…
Content type: Long Read
[Photo credit: Images Money]
The global counter-terrorism agenda is driven by a group of powerful governments and industry with a vested political and economic interest in pushing for security solutions that increasingly rely on surveillance technologies at the expenses of human rights.
To facilitate the adoption of these measures, a plethora of bodies, groups and networks of governments and other interested private stakeholders develop norms, standards and ‘good practices’ which often end up…
Content type: Examples
After an 18-month investigation involving interviews with 160 life insurance companies, in January 2019 New York Financial Services, the state's top financial regulator, announced it would allow life insurers to use data from social media and other non-traditional sources to set premium rates for its customers. Insurers will be required to demonstrate that their use of the information doesn't unfairly discriminate against specific customers. New York is the first state to issue specific…
Content type: Advocacy
Privacy International provided comments to the UK Financial Conduct Authority on the Terms of Reference to its Credit Information Market Study.
We highlighted that:
Credit data (whether ‘traditional’ credit data; data from Open Banking sources, or other sources of data like social media) are hugely revealing of people’s lives far beyond the state of their financial affairs.
The affects upon consumer behaviour of this use of data in the credit sector extends beyond the choices they…
Content type: Long Read
By Valentina Pavel, PI Mozilla-Ford Fellow, 2018-2019
Our digital environment is changing, fast. Nobody knows exactly what it’ll look like in five to ten years’ time, but we know that how we produce and share our data will change where we end up. We have to decide how to protect, enhance, and preserve our rights in a world where technology is everywhere and data is generated by every action. Key battles will be fought over who can access our data and how they may use it. It’s time to take…