Strategies for managing crossborder reporting obligations.
Data transfer
Alex Viall, chief strategy officer, Global Relay, and a frequent contributor to our information service, spoke to Kimberley Long, Asia editor, The Banker, at The FT Global Banking Summit 2025.
New developments in privacy and the increasing complexity of data transfer were discussed at a fascinating session.
The Act applies widely across industries, including both EU and non-EU organizations that manufacture or offer connected products across the EU.
The European court finally said yes to transfers of personal data from the EU to the US.
The authority issued its largest fine to date, and experienced an increase in reports of personal data breaches.
The new Act sets up frameworks for sharing of business and customer data, and digital identity verification.
The project aims to bring all AI functions and infrastructure, from data centres to cloud support and LLMs, under a single umbrella.