EU Assesses Financial Industry Regulation in Era of Big Data

From: NASDAQ

BRUSSELS—European authorities are considering regulating the personal data of consumers using insurance and other financial products, as social media and technology ranging from the Apple Watch to fitness-tracking devices increase the amount of personal information available online.

In a bid to avoid unfair customer treatment or exploitation by insurers and lenders, the EU’s top financial watchdogs launched a three-month period to consult stakeholders and the public.

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