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  • 2 PM

    Background

    This session will include :

    a. Justice Srikrishna report – key findings
    b. The Personal Data Protection Bill 2018
    c. When is it likely to become law?
    d. Data readiness

    2:20 PM

    Key Data Stakeholders

    This session will cover :

    a. FinTech platform (Data Fiduciary)
    b. Customer (Data Principal)
    c. Regulator: RBI (existing) + DPA

    3 PM

    Legal Framework: Key Changes

    We will focus on :

    a. Free + clear consent
    b. Purpose limitation + collection limitation + use limitation
    c. Retention limitation: so long as is reasonable necessary
    d. Sharing of data
    e. Right to withdraw consent
    f. Right to complaint to DPA + grievance redressal mechanism
    g. Penalties: INR 5 crores – 15 crores / up to 4% of worldwide turnover

    3:45 PM

    Reputational Issues

    This session will cover :

    a. Data trust scores
    b. Data audit

    4:05 PM

    Organizational Changes + Focus Areas

    This session will focus on:

    a. Management attention (not a predominantly IT function)
    b. Robust data infrastructure
    c. Internal architecture & framework
    d. Data engineering: changing approach to product development

    4:25 PM

    External Stakeholders

    This sessions's focus will be :

    a. Equity + debt capital investors: an investment focus
    b. Comprehensive internal data infrastructure + data policy diligence: focus on data compliance
    c. Regulatory perception: access to data linked to ability to securely handle data

    4:45 PM

    5 PM

    Conclusions

    a. Policy objectives
    b. Where do you fit in?
    c. Formulating an industry view: opportunity to make representations / opportunity to contribute
    d. FinTech Working Group
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