The Data Protection Framework: Are we Data Ready?

The discussion, led by Shilpa Mankar Ahluwalia, Shardul Amarchand Mangaldas & Co., seeks to break down the Personal Data Protection Bill, 2019 and translate it into potential best practices that can be incorporated by FinTech industry players into their data infrastructure. With consent being the underlying principal of the data protection discourse in the Bill, the session will serve as a starting point for FinTech platforms looking to devise and develop a meaningful consent architecture attached to their products/ services. More particularly, the discussion will feature:

- A broad overview of the data protection framework and corresponding cultural shift in organisational readiness to handle data;

- Consent: a continuing conversation with customers;

- Use, purpose & storage limitations: practical implications

- Cross-border data transfers and data localisation;

- Interface between regulators and industry players: developing compliant best practices;

- Leveraging data/ opportunity to innovate: data audits and data trust scores.