PRESS RELEASE & INVITATION
Trust in Digital Life to Host ‘Whose Data is it Anyway?’ Event to Discuss Realities of PSD2 and GDPR
Date: Thursday 14th December 2017
Venue: Informatics Forum, University of Edinburgh
Trust in Digital Life (TDL), the community of leading industry partners and knowledge institutes that promotes trust and trustworthy services in the digital economy, today announced that it is hosting a must-attend one-day personal data event, addressing the impact of GDPR and PSD2, the EU-wide regulations coming into force in 2018, with a particular focus on the financial community.
Whose Data is it Anyway? Is a free-to-attend seminar, hosted in collaboration with Edinburgh-based The ID Co. and takes place at the Informatics Forum, University of Edinburgh, between 08.30 and 15.15 on Thursday 14th December 2017.
Chairman of TDL, Amardeo Sarma states: “Our objective for the day is to provide a clear understanding to all stakeholders, including individuals and businesses, large and small, regarding the practical realities of what these new EU regulations will mean, as well as assessing how the world is likely to look like three to five years after PSD2 and GDPR have been in force.”
The deadline for all EU Member States to implement PSD2, the second Payment Services Directive, as law is 13th January 2018. It will require payment service providers to make significant changes to their operations, such as banks having to make their payments infrastructure and customer data assets open to third parties. PSD2 is seen as a major step towards creating a European Digital Single Market.
The EU GDPR (General Data Protection Regulation) represents a significant overhaul of data protection legislation. On 25th May 2018, all EU Member States will enshrine in law the inalienable rights of individuals to have any data relating to them adequately protected and managed, with stiff penalties and fines for companies that do not comply.
Chief Executive Officer at The ID Co., James Varga, adds: “We envisage a world where you can trust that people are who they say they are online. With open banking coming into effect, it is essential that people have complete control over their personal data and identity. Events such as this with TDL provide an important step towards making that a reality.”
To register your attendance at this free event visit: whosedataisitanyway.com
The Trust in Digital Life (TDL) community comprises leading industry partners and knowledge institutes that hold trust and trustworthy services to be an essential ingredient of the digital economy. TDL members are committed to enabling a trustworthy ecosystem that protects the rights of citizens while creating new business opportunities. To this end, TDL researches, pilots and incubates trustworthy ICT services and technologies in an innovative environment. TDL forms the bridge between citizens entitled to the best possible services and an industry that develops devices, applications and services that protect them from Internet threats and provides them at an affordable price. A major focus is on the research and business agenda of the European Union.
From banking to healthcare, driverless cars to online shopping, every aspect of our 21st century digital world is dependent on varying degrees of trust between consumers and suppliers, governments and their citizens. The continual threat of cyber attacks has the potential to undermine our confidence in taking full advantage of the opportunities available to grow the digital economy, not only in Europe but across the world. Our objective as a community of industrialists, entrepreneurs and academics is to provide the tools and awareness that the wider community can benefit from in their daily digital lives. Our mission is to create a trusted ecosystem based on innovative and trustworthy ICT products and solutions that protects the data and assets of European citizens and enterprises.
DirectID by The ID Co. provides a world of convenience for businesses and their customers. Trusted customer verifications and real-time financial profiles combine to help businesses increase conversions, reduce fraud and make more accurate affordability decisions for financial products. The global platform combines a frictionless user experience, full customisation, reporting and data insights available through API integration or a hosted service. Learn more at https://directid.co.
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