A lot is being read, written or heard about GDPR – it’s relevance, implications to institutions that collect personal data, and ramifications of non-compliance. Therefore, this will not deal with any of these in detail. Keeping it simple we will try exploring 4 specific impact points within financial institutions because of this regulation, and therefore what changes this may ask to be brought about in systems, while meeting its terms under the 99 articles that GDPR comprises of.
In this third post, the final instalment of the series, we’ll see why Banking as a Platform (BaaP) strategy makes sense for banks of the future
Back to Basics: So, what exactly is a Platform?
“Why it's simply impassible!
Alice: Why, don't you mean impossible?
Door: No, I do mean impassible. (chuckles) Nothing's impossible!”
― Lewis Carroll, Alice's Adventures in Wonderland & Through the Looking-Glass