Open banking privacy
Attention Business and Technology Editors

PRESS RELEASE: OCTOBER 28, 2024

Rising Open Banking Adoption Sparks Privacy Concerns: 68% of Financial Institutions Seek Guidance

Managed Privacy Canada introduces openbankingprivacy.com expert-led services to help businesses manage privacy risks in open banking.

Toronto, Canada, October 28, 2024 – As open banking gains traction, 68% of financial institutions are seeking expert guidance to manage growing privacy risks. The rapid adoption of open banking offers consumers more control over their financial data, but it also exposes organizations to complex privacy challenges, regulatory scrutiny, and potential data breaches.

To support businesses in this evolving landscape, Managed Privacy Canada proudly introduces OpenBankingPrivacy.com, a platform dedicated to helping organizations navigate privacy risks in open banking. Visitors to the site can download a free brochure detailing our comprehensive services, including Privacy Impact Assessments, Privacy Policy Reviews, Privacy Compliance Audits, and more. These tools are designed to empower businesses to safeguard sensitive data and meet regulatory requirements.

“With open banking reshaping the financial ecosystem, privacy risks have become a critical concern for institutions,” said Claudiu Popa, CEO of Managed Privacy Canada. “OpenBankingPrivacy.com provides the expert-led services organizations need to manage these risks effectively and protect their customers.”

Key Offerings of OpenBankingPrivacy.com:

  • Privacy Impact Assessments: Comprehensive evaluations to ensure privacy by design.
  • Policy & Compliance Reviews: In-depth reviews to ensure adherence to privacy laws and standards.
  • Risk Mitigation Strategies: Tailored solutions to manage data-sharing risks in open banking.

Managed Privacy Canada invites financial institutions to explore partnership opportunities, helping them stay compliant and secure while embracing open banking innovation. Visit OpenBankingPrivacy.com to learn more about how we can work together to protect your data and privacy.

About the Company:

OpenBankingPrivacy.com is a project by the Informatica Group of Companies.

Datarisk Canada and Managed Privacy Canada specialize in managed security and privacy solutions for the small and mid-size market, with products and solutions designed to meet the growing needs of approved professional associations.

MEDIA QUESTIONS:

Media and interviews: Claudiu Popa, Risk Advisor
[email protected]
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