The call center use of voicebots in B2B direct marketing
In the discussion about so-called cold calls in direct marketing, the point is often overlooked that the B2B…
Financial Data Access Regulation (FiDA)
As part of the Retail Payment Strategy, the EU Commission has published the Financial Data Access and Payments…
All about DORA – impact and recommendations for financial companies
What is DORA? With DORA, Regulation (EU) 2022/2554 on digital operational resilience in the financial sector (Digital Operational…
One-way street FiDA – why well-intentioned is not well done
With its proposal for a regulation on a framework for access to financial data (Financial Data Access –…
EU AI Act – What financial institutions need to know
The impact of artificial intelligence (AI) on the development of financial services ranges from the personalisation of the…
DORA takes shape – first package of final RTS/ITS to DORA published
EU regulators have published the final versions of an initial set of four technical standards for operational resilience…
Data Transfer to the USA – EU Commission confirms transatlantic EU-U.S. Data Privacy Framework
On 10th of July 2023, the European Commission approved the transatlantic EU-U.S. Data Privacy Framework (DPF) via an…
Not every e-mail from a company in B2C is the same as unauthorized advertising
In its judgment of 4 May 2023 (C-300/21), the ECJ ruled that a significant interference with the protected…
ECJ Judgment – Non-Material Damages under GDPR
Since the General Data Protection Regulation (GDPR) came into force in May 2018, the question has arisen for…
ECJ Judgment: Access to the beneficial ownership register for the general public inadmissible without demonstration of a legitimate interest
In its judgment of 22 November 2022 in Joined Cases C-37/20 and C-601/20, the European Court of Justice…
Commission proposal to amend the EU Directive on consumer rights in respect of distance contracts for financial services
On 11.05.2022, the EU Commission published a proposal for a directive concerning distance contracts for financial services. The…
Are there hard times ahead for the use of Google Analytics & Co.?
It may be tempting to include the free “Google Analytics” on one’s own website, or to make use…
Open CESOP: The Commission’s new data collection frenzy
First, the bad news: The Commission has again looked more closely into cross-border (or more simply “XB”) payments…
On the way to the financial cloud. Are cloud services full of “little fluffy clouds”?
On 8 November 2018, the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht, BaFin) published a guidance notice…