The landscape of data privacy and protection is evolving rapidly, especially in the context of UK-EU relations. It’s crucial that we engage fully with these pressing issues to ensure we remain at the forefront of innovation while protecting individual rights.

The Digital Information and Smart Data (DISD) Bill aims to establish a modern legal framework for the use of digital identities and data in the UK.

 

This bill proposes the creation of Digital Verification Services (DVS) to support secure and trusted digital identity products, which can be used for tasks like moving house, pre-employment checks, and purchasing age-restricted goods12. By enhancing data usage and security, the DISD Bill seeks to boost economic opportunities and streamline various processes for businesses and consumers alike. 


We will be keeping a close eye on the upcoming release of the Digital Information and Smart Data Bill (DISDBill) today. It should be published here. https://lnkd.in/eGYEmfh5 . This legislation is absolutely critical for the future of Open Banking and Open Finance in the UK, and we encourage everyone in our industry to stay informed and involved.


The DISDBill represents a significant step towards modernizing our data economy, enabling businesses to harness data more effectively while ensuring compliance and safeguarding consumer interests.  


Let’s work together to navigate these changes and shape a future where innovation and trust go hand in hand. You can find more details here: https://lnkd.in/efv8RgAx

 

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