Are the Financial Institutions Complying with the Regulatory Norms? Where’s the Hiccup?
As the government of Bangladesh is working on its data protection and privacy bill, the biggest question that surfaces is to understand if the financial institutions, including the banks, payments, NBFCs, and others can comply with the regulatory norms desired by the regulator. With the nation embarking on its digital journey, encouraging organizations to place a cloud-first strategy to secure data on the cloud and in the digital transformation phase, can they establish privacy and protection in this data-driven economy?
The session will discuss:
- Challenges in complying with data protection and privacy regulations
- Effectiveness of data localization in securing the critical data
- Essential steps to secure data on the cloud