Fintech and Cookie Consent: An Overview of Data Privacy and Protection.
Fintech or “financial technology" refers t o technology t hat aims to improve and automate financial services. It encompasses innovative solutions that leverage digital platforms, algorithms, data analytics, and mobile applications to enhance financial transactions, investment management, risk assessment, and other financial activities. Fintech companies handle sensitive financial information, which makes them particularly vulnerable to cyberattacks and data breaches. Cookie consent is a critical aspect of the fintech industry, as it ensures that companies comply with privacy regulations and protect their customers' data. This blog post will discuss the importance of consent management from the Fintech point of view. What is the need for data privacy and protection in fintech ? Fintech companies deal with sensitive personal and financial information, which can be used to commit financial fraud, identity theft, or other malicious activities if it falls int