With proliferating data and broader use by investment managers come greater media, regulatory and legal risks.
Eagle Alpha hosted events in NYC (April 26th) and London (July 26th) to discuss the legal considerations of alternative data which were attended by more than 170 people in total.
In a recent court ruling, LinkedIn was ordered to allow hiQ Labs access public profiles posted on the social media site. The legal battle started in May with LinkedIn issuing a cease and desist letter asking hiQ Labs to stop data scraping.
We have seen a significant drive for competition and innovation in the financial system. PSD2 is leading to an evolution of strong customer authentication and digital identity management and control where classic banks no longer own the end-to-end value chain.
hiQ Labs is a tech startup that collects public LinkedIn profiles and sells analytics to companies wishing to improve management of their workforces (e.g. reduce turnover, increase organizational agility).
The General Data Protection Regulation (GDPR), to be implemented on May 25th 2018, is designed to ensure and strengthen data protection procedures for individuals within the EU.
Asset managers have been integrating alternative datasets in their processes but they should be highly attentive and avoid sources that contain personally identifiable information (PII).
Bird & Bird, an international law firm, prepared the attached white papers for the European Union TOREADOR project (“TrustwOrthy model-awaRE Analytics Data plafORm”). The aim of the project is to help European companies fully benefit from Big Data Analytics.
PSD2 – Revised Payment Services Directive – is soon to cause a disruption to Europe’s financial system.
Asset managers have been integrating alternative datasets in their processes but they should be highly attentive and avoid sources that contain personally identifiable information.
By a 3-to 2 vote, the Federal Communications Commission (FCC) ruled that broadband providers like Comcast and AT&T will have to obtain permission in order to collect and distribute private data.
inkedIn decided to sue 100 individuals for using bots collecting user profiles.
