Becoming part of the global economic system means taking risks, initiating programs and understanding concepts that may be too hard to grasp. All of these efforts are needed for a company or an individual to at least become competent in the market. Without knowledge for such concepts, it may even be impossible to start a company or venture that could stand the test of time. This is where the services and ideas of PSI-Pay come in. This is where their assistance in financial solutions, programs, ideas and strategies that can help companies find their strong bearing in the industry they are part of.
In an effort to help people understand the global market, PSI-Pay started a Medium article sharing all the opinions they have about the GDPR concept, especially for FinTech institutions. There’s a lot to talk about the concept, but suffice it to say and recap here that GDPR means General Data Protection Regulation, which is a policy affecting UK and EU banks, financial institutions and their shareholders. This policy will set the new guidelines on how to get the economic system and dynamics in the EU countries to be more equitable, fair and transparent. It is even accurate to say here that the GDPR is the most latest privacy law in the UK that was formally launched last April 2016.
The main goal of this privacy law is to make sure that the banks’ programs and services would not discriminate against race, sexual orientation or any other social factors. This is a new strict regulation that enables a more just and least discriminative way of handling services involved in financial transactions.
PSI-Pay is many things, but one of them would be an authorized e-Money firm that’s strongly regulated by the UK Financial Conduct Authority to distribute, transact and deal with financial transactions across the SEPA region. The main goal of the firm is to empower citizens in getting all the advantages that they can get in distribution, marketing and sales in order to gain better business opportunities in the global market. The staff of the firm are also skilled, trained and dedicated to helping every client get the best assistance that one can get.