ICO | AMLP Forum

FCA and ICO highlight how Open Finance and Smart Data can enhance secure data sharing in financial services through strong consent, privacy, and AI safeguards to combat fraud and drive innovation

by Jyotsna Bucktowar | Jul 17, 2025

Key technologies under review include APIs, AI analytics, distributed ledger technology, and digital IDs—all aimed at boosting innovation while safeguarding against financial crime risks. With initiatives like the Smart Data Accelerator and ICO’s Innovation Hub, both...

New ICO Guidance on sharing personal data in fraud investigation provides important directions for organisations on how to lawfully share personal data under UK GDPR

by Jyotsna Bucktowar | Nov 22, 2024

The ICO Guidance aligns with UK Govt Guidance measures that encourages voluntary information sharing for preventing economic crime, as outlined in the ECCT Act 2023. Key takeaways: Data Protection Impact Assessments (DPIA) Required – to assess and mitigate risks...

FCA and ICO highlight how Open Finance and Smart Data can enhance secure data sharing in financial services through strong consent, privacy, and AI safeguards to combat fraud and drive innovation

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