Digital Finance and Data Security

Categories : Regulation and Payment System Governance, Regulation of Digital Financial Services


Author: Centre for Financial Inclusion

The digitalisation of financial services creates many opportunities, including increasing financial inclusion and reaching the under-served population. Concerns are now raising with regards to data and the security of our information in this increasingly digital world. The goal of this research, conducted by CFI Fellow Patrick Traynor, is to examine how well digital lenders are responding to these questions.

  • To whom am I giving my data? And who else do they allow to access it? For what purposes?
  • How do the companies protect data so that people who do not have legitimate access cannot use or steal it?
  • What rights and options do I have if something does go wrong?