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Revolutionizing Compliance Tracking in Financial Organizations with AI-Powered No-Code Platforms

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Compliance management is a paramount concern for financial organizations. Regulatory requirements are constantly evolving, and non-compliance can lead to severe consequences. To address this challenge effectively, financial institutions are turning to innovative solutions, and one such groundbreaking approach is the use of AI-powered no-code platforms to build compliance tracking apps. These apps streamline compliance activities by providing real-time alerts, reminders, and comprehensive documentation. 

In this article, we explore how AI-powered no-code platforms are transforming compliance tracking in financial organizations. We cover key features and provide a step-by-step guide to building compliance tracking an app, along with a sample data model and entity relationship diagram (ERD) to illustrate its functionality.

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Navigating the Complexities of Data Privacy and Compliance in Low-Code Platforms

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In today’s data-driven world, ensuring data privacy and compliance has become a paramount concern for organizations across all industries. With the increasing adoption of low-code platforms, which offer rapid application development capabilities, navigating the complexities of data privacy and compliance has become a critical challenge for businesses. Low-code platforms empower organizations to create applications quickly and efficiently, but they also raise unique data management considerations.

As organizations embrace low-code development to streamline their processes and deliver innovative solutions, it is essential to recognize the impact on data privacy and compliance. The abundance of sensitive information handled by low-code applications demands a thorough understanding of the regulatory landscape and the implementation of robust data protection measures.

In this article, we will delve into the intricacies of data privacy and compliance in the context of low-code platforms. We will explore the significance of data protection laws and industry standards, the potential risks of non-compliance, and the challenges faced by organizations in safeguarding sensitive data within low-code applications. Moreover, we will provide insights into addressing data privacy challenges and ensuring compliance in low-code development, equipping organizations with the knowledge and strategies to navigate the complex landscape of data privacy and compliance in the realm of low-code platforms.

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What Is Asset Management?

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Asset Management refers to the systematic approach to developing, operating and maintaining a particular set of assets or a client investment portfolio on behalf of an individual, organisation or entity.

Asset management considers a variety of different specific variables, including the asset holder’s expected financial return and asset acquisition preferences. This can help asset holders meet their long term financial goals and objectives much faster.

However, manually tracking assets can prove to be tedious and inaccurate. Therefore, asset management software can help methodically collect, track and present asset data and information. The fixed asset management software market is expected to grow to approximately $5.2 billion by 2024.

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Does your CRM comply with EU law?

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On August 14th 2020, The Privacy Collective filed a class action lawsuit against Salesforce and Oracle in the UK and the Netherlands for the use of third party tracking technologies such as cookies, in breach of EU rules under the General Data Protection Regulation (2016/679) and the ePrivacy Directive (2002/58/EC). The cases (if successful) would be the largest class action cases ever in the UK and the Netherlands (expected to hit 10 Billion Euros in damages), to date and the first such class action cases under these laws.

The main basis for the claims stems from a judgment by the Court of Justice of the European Union (CJEU) in October 2019 often referred to as the Planet49 case (Case C-673/17) in which the Court clarified that the use of tracking technologies online is only lawful if opt-in consent has been obtained prior to the use of such technologies; which according to The Privacy Collective, is not the case in relation to Salesforce’s use of such technologies. Read more