Key Takeaways
Regulate AI applications rather than the tech: Speakers largely agreed that rather than regulating artificial intelligence in general, the use cases of the technology should be regulated.
Data needs to be regulated too: In cases where data collected for AI applications could have problematic implications for the data subjects or their communities, then such data collection needs to be governed under specific regulations.
Self regulation may not be enough: Self-regulation within the AI industry may not be enough since it may not solve for the massive differential between the people developing the technology and the people affected by it. However, for low-risk applications, self-regulation could be explored.
Data Privacy is an animal that needs to be tamed over time and over & over again: Experts adgully.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from adgully.com Daily Mail and Mail on Sunday newspapers.
February 1, 2021
For the third consecutive year, following the publication of Gibson Dunn’s ninth annual U.S. Cybersecurity and Data Privacy Outlook and Review on Data Privacy Day, we offer this separate International Outlook and Review.
Like many recent years, 2020 saw significant developments in the evolution of the data protection and cybersecurity landscape in the European Union (“
EU”):
CJEU” or “
Court”) struck down as legally invalid the EU-U.S. Privacy Shield, on which some companies relied to transfer personal data from the EU to the U.S. While companies are turning to other frameworks to transfer personal data, such as Standard Contract Clauses (“
Updated Jan 31, 2021 | 15:23 IST
There is an expectation that this budget will emphasize the role of technology in delivering financial products and services and will include a continued commitment by the Government to invest in internet infra Representational image
COVID 19 has led to increased use of both digital payments and digital lending products. People have found transacting digitally is a contact-free and safer way to make payments and access financial products. This shift from physical to digital is likely to be a permanent one as FinTech platforms continue to innovate giving consumers access to more convenient and customized financial solutions.
Updated:
January 30, 2021 13:43 IST
Google said this month it had reviewed hundreds of lendingapps in India, and removed those that violated its terms on loantenure.
Share Article
AAA
Mobile lending apps have mushroomed in India and elsewhere as smartphone use surged
| Photo Credit: Reuters
Google said this month it had reviewed hundreds of lendingapps in India, and removed those that violated its terms on loantenure.
(Subscribe to our Today s Cache newsletter for a quick snapshot of top 5 tech stories. Click here to subscribe for free.)
Digital lending platforms in India have come under greater scrutiny recently for their methods, including the collection and alleged misuse of borrowers data, underlining the risks to driving financial inclusion with newer technologies.