article thumbnail

Japan Ties Up With US, Europe To Legislate Big Tech

PYMNTS

and Europe to develop tough new regulations to take on big tech, according to a Reuters report on Monday (Oct. EU antitrust regulators in August started probing a $2.1 In the September PYMNTS big tech compliance tracker tracker, Facebook considered pulling out of the EU over regulations. Japan is teaming up with the U.S.

US 264
article thumbnail

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

PYMNTS

Here’s the latest news from Facebook, Amazon and others, which are coming under increasing scrutiny from regulators, trade groups and politicians the world over. Regulations. The social media company has indicated that the Access Act, a proposed data portability law, is a first move in the right direction.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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

Regulations. SocialMediaToday reported that in early September, an EU “privacy regulator … sent Facebook a preliminary order to suspend data transfers to the U.S. NBC added that “thousands of Illinois Facebook users could be eligible for payments as a result of the class-action suit. about its EU users.”

Taxes 162
article thumbnail

Facebook Hit With Three State Probes Over Privacy Violations

PYMNTS

According to Bloomberg , Attorneys General in Pennsylvania, Illinois and Connecticut are investigating existing allegations against the company, while New York, New Jersey and Massachusetts are looking to find any potential unknown violations. Earlier this week Racine said he believes more states will sue the social media giant.

article thumbnail

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.

Community 139
article thumbnail

Could Blockchain Technology Help Avoid Another Cambridge Analytica?

CB Insights

Some government bodies and regulators are starting to respond. The EU’s GDPR (General Data Protection Regulation) aims to protect citizens against misuse of personal data with heavy fines for bad actors. From data privacy to supply chains, decentralized user-controlled identity could fundamentally change how the internet works.

article thumbnail

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

CB Insights

AI is automating different branding and marketing efforts, and creating personalized campaigns, targeted messaging, personalized website experience, and social media sentiment analysis. It was scooped up in Q4’17 by Illinois-based trading software developer Trading Technologies. COMPLIANCE OFFICERS.