Privacy news and trends

MoneyLion Acquired by Gen Digital to Create Financial Security Ecosystem
Acquisitions // December 10, 2024

Gen Digital plans to add financial wellness tools to its offerings by acquiring MoneyLion. The company entered into a definitive agreement to make the acquisition, which will add MoneyLion’s financial empowerment resources to Gen Digital’s credit and identity protection solutions, the companies said in a...

For Retailers, Data Simplicity Is All About the SKU
Data // November 20, 2024

In a landscape where data fuels decisions and insights drive growth, simplicity has taken center stage. “Data is the key to driving simplicity,” Banyan Chief Product Officer Vish Shastry told PYMNTS during a discussion for the “What’s Next in Payments” series, “Business Simplicity: The New...

Straight Outta Stealth: Connyct Builds Social Media for the Next Generation
Connected Economy // November 18, 2024

It’s hard to believe it was more than 20 years ago. Feb. 4, 2004. George W. Bush was president. The Lord of the Rings ruled the movie box office. “Hey Ya!” ruled the top 40. And in Cambridge a sophomore named Mark Zuckerberg registered the URL...

CFPB: States Should Fill Gaps in Laws to Protect Consumers’ Financial Data
CFPB // November 12, 2024

At a time when more financial institutions are monetizing consumers’ financial data, state policymakers should assess gaps in their data privacy laws, the Consumer Financial Protection Bureau (CFPB) said Tuesday (Nov. 12). The regulator found in a report released Tuesday that many states have adopted...

Interviews & Exclusives
For Retailers, Data Simplicity Is All About the SKU

November 20, 2024
In a landscape where data fuels decisions and insights drive growth, simplicity has taken center stage. “Data is the key to driving simplicity,” Banyan Chief Product Officer Vish Shastry told PYMNTS during a discussion for the “What’s Next in Payments” series, “Business Simplicity: The New KPI.” This shift is particularly crucial in the payments industry, […]

Straight Outta Stealth: Connyct Builds Social Media for the Next Generation

November 18, 2024
It’s hard to believe it was more than 20 years ago. Feb. 4, 2004. George W. Bush was president. The Lord of the Rings ruled the movie box office. “Hey Ya!”...

Rule 1033 Explained: How the CFPB’s Data Sharing Standards Could Reshape Banking

November 05, 2024
The Consumer Financial Protection Bureau’s finalized rule on data sharing has its share of supporters and detractors. Those in favor of the new mandates — and as described by the...

The Data-Ready Deficit Looms Large for the Platform Economy

October 31, 2024
As platform businesses strive to maintain a competitive edge, the readiness to harness data effectively is a factor driving success. Given the world’s digital landscape, the ability to analyze and...

Quick Reads
Google Cloud and Swift Partner on AI Model Training

December 10, 2024
Google Cloud and Swift are working together to develop a secure, privacy-preserving solution for financial institutions that use federated learning techniques. Federated learning enables collaborative artificial intelligence (AI) model training without compromising privacy and confidentiality, Google Cloud said in a Tuesday (Dec. 10) blog post. Swift plans to roll out a sandbox with synthetic data in the […]

MoneyLion Acquired by Gen Digital to Create Financial Security Ecosystem

December 10, 2024
Gen Digital plans to add financial wellness tools to its offerings by acquiring MoneyLion. The company entered into a definitive agreement to make the acquisition, which will add MoneyLion’s financial...

CFPB: States Should Fill Gaps in Laws to Protect Consumers’ Financial Data

November 12, 2024
At a time when more financial institutions are monetizing consumers’ financial data, state policymakers should assess gaps in their data privacy laws, the Consumer Financial Protection Bureau (CFPB) said Tuesday...

Meta Protests FTC Plan to Update Privacy Settlement

November 12, 2024
Meta is reportedly rejecting the FTC’s plan to modify a 2020 privacy settlement. An attorney for the tech giant told the Federal Trade Commission’s (FTC) commissioners at a Tuesday (Nov....