The European Union’s General Data Protection Regulation (GDPR) comes into effect on 25th May 2018, with significant fines for non-compliance. It impacts any organization in the EU and organizations outside the EU who sell, market to or monitor EU individuals.

With time running out, here are some minimum items you should have in place by the deadline:

1.   GOVERNANCE

Finda System (Asia) Pte Ltd (Finda), a fintech company offering Know-Your-Customer (KYC) solutions to the banking sector, today announced receiving grant from Monetary Authority of Singapore (MAS) through the central bank’s FSTI (Financial Sector Technology and Innovation) Proof of Concept (POC) Scheme. 

MoneyOnMobile, Inc. (OTCQB: MOMT), one of India's largest mobile phone-based payment networks, announced the launch of a new biometric-based ATM cash-out solution. 

VSoft Corporation, a global provider of information and technology solutions for financial institutions, announced several new enhancements to its product suite, including natural language processing for its digital banking platform, Arya, and updates to CoreSoft, the company’s core processing system, and new feature functionality to the OnView payments products. 

Iliad has launched an upgraded version of its certification platform to simplify and speed the certification and on-boarding requirements of card schemes, clearing houses, PSP’s and banks. 

Software intelligence company, Dynatrace, today announced the findings of an independent global survey of 249 CIOs in the financial services sector, which reveals that 77% of financial services organizations say the need for speed in digital innovation is putting customer experience at risk. The study found that on average, financial services organizations release new software updates twice per working hour, as they push to keep up with competitive pressures and soaring consumer expectation. 

 Adyen, the payments platform of choice for many of the world’s leading companies, today announced that it has been named to the prestigious CNBC Disruptor 50 List of the leading private companies changing the world through innovation.  

Financial authorities and regulators around the globe are looking for new fast payment solutions. International card payment networks like Visa are already offering and expanding these solutions. Fast Transfers in payments networks are transactions initiated by a consumer or a business to send funds or pay using their existing Visa payment credentials; we call this transaction a Push Payment or user-initiated transfers.

Financial IT speaks to João Del Valle, Co-founder and Chief Operations Officer of EBANX.

Financial IT: Could you please tell us more about EBANX and the career path that brought you to launching EBANX?