Finding the right balance in dealing with data

Finding the right balance in dealing with data
Ruth McCarthy, chief executive of Fexco Corporate Payments: as open banking comes to the forefront, the new challenge for financial institutions is striking a balance between data privacy and embracing new open services

As the main sponsor of Cantillon 2019, Fexco's experience in this world has informed a strong view on how data is handled and used, especially in an area as sensitive as financial data

Data regulation in the EU has seen an upheaval in the past year thanks to GDPR (general data protection regulation) coming into effect and PSD2 (Second Payment Services Directive) preparing us for a world where open banking will become the norm.

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