UK pushes financial firms to adopt privacy-enhancing technologies

Lawmakers and vendors are set to usher in an era of mutualized data insights. Are banks ready?

Need to know UK regulators are trying to encourage adoption of privacy-enhancing technologies in financial markets by issuing implementation guidance, running tech sprints, and hosting workshops. Most recently, the information commissioner recommended that all companies sharing large amounts of data consider using the technologies in the next 5 years. Vendors and users say the technologies are already mature enough to fulfil multiple use cases, from anti-money laundering functions to

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