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Big Tech Compliance Tracker: Facebook Backs Data Portability Law, Amazon Considers Registering Services As Separate Entities In India

PYMNTS

The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction. The social media firm purportedly contravened an Illinois state law via a “Tag Suggestions” functionality that enabled users to identify their friends from photos put on the platform in the past.

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Big Tech Compliance Tracker: Facebook Hints At EU Pullout Over Data Transfers Laws; Appeal Filed Over Apple’s $15B Tax Bill On Ireland Operations; In-App Billing Battle Rages On

PYMNTS

With the fate of TikTok grabbing all the press, you may have missed the news that Facebook is talking about denying itself and its sister social platform Instagram to the European Union (EU) over new proposals that would stop the social media giant from transferring data on EU users back to Facebook headquarters in Silicon Valley.

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Japan Ties Up With US, Europe To Legislate Big Tech

PYMNTS

In the September PYMNTS big tech compliance tracker tracker, Facebook considered pulling out of the EU over regulations. Canada’s governing Liberal party renewed calls to legislate big tech platforms to pay media producers a cut of ad dollars.

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The community bank’s complete guide to building trust

Independent Banker

If you want to develop trust on social media, you need to be there when your customers need you.”. Use social media to build trust. Here are her tips for building trust on social media: 1. Hill rarely uses social posts to highlight bank products or services. Ed Avis is a writer in Illinois.

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Dear MBAs, AI is Coming For You: The Coming Wave of Expert Automation & Augmentation Software (EAAS)

CB Insights

Compliance Officers. Startups are using AI to automate various steps of the recruitment and on-boarding process, from resume parsing, sentiment analysis in interviews, and using chatbots for monitoring compliance. COMPLIANCE OFFICERS. The cost of regulatory compliance, currently estimated to be around $80 billion globally.

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Finovate Alums Populate RegTech Top 100 Power List

Fintech Labs Insights

Nearly 20 of the companies highlighted in Planet Compliance’s new RegTech Top 100 Power list – and five of the top ten – are Finovate and/or FinDEVr alums. Interestingly, Planet Compliance says it has added a “secret ingredient” to the ranking system. Headquartered in Chicago, Illinois. Raised $64.7