The data processing approach for preserving personal data in fintech-driven paradigm

Abstract

FinTech-driven paradigm shift in financial service poses challenges for financial sector in balancing the potential benefits of development with the potential risks. It is difficult to detect as advanced threats, so the extent of the damage cannot be foreseen in the financial sector. In this paper, we suggest the approach based on trust about processing data including personally identifiable information for preserving and protecting in the environment using FinTech.