The thriving financial technology industry has transformed the financial products and services market. It encompasses a wide range of technology that allows users to make payments, obtain financing, invest and beyond. Fintech is attractive to users and companies alike due to the efficiency it offers by significantly reducing former challenges of time and distance. Also, inclusion is a key aspect of fintech: It makes managing financial tools accessible to more communities. However, the use of fin... Read More

The Legislative Assembly of El Salvador's Economic Commission voted 56–0 to pass the Personal Data Protection Law. The regulation provides data subject rights, data security requirements and a tiered fining scheme. The law will take effect one year after it is published in the Official Gazette, but those covered under the law will receive a six-month grace period to transition their systems into compliance.Full Story... Read More

Ecuador is on the cusp of having its first data protection law. The Data Protection Bill is currently being debated in Congress and follows the European regulatory standard. Data protection has not been a priority in the Ecuadorian legal system. Even though the Constitution recognizes the right of data protection and the constitutional guarantee of habeas data, there has not been a specific law created regarding the scope and obligations for data protection. Instead, data protection legislatio... Read More