MediaNama invites you to apply to participate a curated #NAMAprivacy Round Table discussion on Data Localisation at the Grand Hyatt Mumbai, on the 23rd of November (Fri) 2018. We are hosting this session with support from Facebook and Amazon.
We intend to discuss the implications of data localisation, understanding the push for it, with a specific focus on FinTech – the pros, cons, challenges and what serves to protect consumer interests in this law.
Apply to attend here: tinyurl.com/namafintechlocalisation
Fintech businesses are typically not constrained by geographical boundaries, and can thus scale faster than conventional financial services because of technology being applied at scale. Data localisation mandates that the data be collected, processed and stored in India. The Reserve Bank of India has mandated the localisation of financial data.
The Srikrishna committee has recommended data mirroring, not localisation, and has identified financial data as sensitive personal data. There are challenges related to the availability of physical infrastructure in India, the impact on global storage and processing systems already in place, and the privacy and security of data in India, especially in the absence of a data protection law in India, and challenges related to the operationalisation of localisation and mirroring.
This will be a curated, invitation-only event under the Chatham House Rule, to enable more open-ness in participation. As per the rule, points raised during the discussion will be made public but not attributed to any person/organisation. No participant may be named either.
The idea is to understand the perspectives of various stakeholders, and their viewpoints, with the intent of bringing about a more wholesome understanding of data protection norms for India, and help each other understand the implications of this development.
12:30 PM – 01:30 PM: Check-in & Lunch
01:45 PM – 03:45 PM: Round table on data localisation in Fintech
03:45 PM – 04:45 PM: High-Tea
Our objective is to help understand:
- Identify primary need for each stakeholder group with respect to localisation
- The impact of data localisation
- What kind of compliance support do service providers need
Please note: This is an invitation-only event and our discussions are participative in nature. In case you fit with our mandate for the intended audience, we’ll send you a confirmation on or before November 16, 2018.
Your contact information will never be shared with anyone outside of MediaNama.
To get a sense of the depth of the discussions at #NAMA events, do check the video highlights of our past discussions.
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