Financial and payment services: use of personal data should remain proportionate and fair | European Data Protection Supervisor

Financial and payment services: use of personal data should remain proportionate and fair | European Data Protection Supervisor 

The EDPS published two Opinions: one on the proposal for a Regulation on a Financial Data Access Framework and one on the proposal for a Regulation and Directive on payment services in the EU’s internal market. Both proposals aim to foster the sharing of data to broaden the offer of financial services and products, whilst providing individuals or organisations control over the processing of their financial data. (...)