Interaction Of Fintech With Privacy And Security -A Tale Of Changing Priorities By Amicus Services

Fintech's industry's interaction with data has evolved over the past years from being business oriented to compliance oriented. India is at the threshold of creating an environment for data empowerment for consumers through technological innovation (such as account aggregator) and by providing legislative support for consumer data rights (the proposed data privacy law). This paper done by Amicus, in association with DLAI, emphasises that these create the imperatives and incentives for the Fintech Industry to now adopt a customer centric approach to consumer data and enable an environment of trust, where the consumer feels empowered and enabled in sharing her data while transacting for financial services.