The IIF Digital Currency Roundtable kicked off in Paris with the New Data Ecosystem. This interactive roundtable discussion explored key regulatory and policy considerations on the access to and use of customer data in financial services, amongst officials, policymakers and representatives from financial institutions and technology firms. Key topics included the appropriate use of consumer data, data portability, Open Banking, and supporting infrastructures.
In this episode of FRT, Henning Schult (Allianz) and Frederic Burtz (Groupe BPCE) share their top takeaways from the Roundtable discussions, in particular emphasizing the criticality of doing the right thing by the customer. Henning describes some of the opportunities for innovations in the insurance sector, and where the General Data Protection Regulation (GDPR) may present specific challenges, while Frederic also elaborates on key issues in partnering with other firms to deliver innovative solutions for customers.