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Zsombor Orbán, our TMT expert in Budapest, speaks at the Banking Technology 2017 conference, in Budapest

November 2017 - Zsombor Orbán, our TMT expert in Budapest, was one of the presenters at the Banking Technology 2017 conference, organised in Budapest, on November 16th, by Portfolio, a leading Hungarian online business journal.

Zsombor tackled the data privacy challenges that banks and fintech companies will face when implementing both the second Payment Services Directive (PSD2) and the General Data Protection Regulation (GDPR). The new directive on payment services will require banks to open up certain databases to external service providers, while on the other side, GDPR is threatening with significant fines in case of violation of data privacy rules. As databases affected by PSD2 will likely contain large volume of personal data, this will pose significant challenges to data controllers and processors participating in PSD2 cooperation.

For more information about our TMT practice in Budapest, please contact Zsombor Orbán, Senior Associate, at

e-mail

.