Article: Protection of privacy paramount in open finance

API, Money, Open Governance, Open Infrastructure

Protection of privacy paramount in open finance

Open finance is a framework that gives people the right to choose with whom they share their financial data. Done properly, it should enable secure and easy sharing of data, which in turn will allow companies to develop products related to insurance, alternative lending, digital banking, personal financial management, account aggregation and more. Open finance will also promote financial inclusion for all South Africans; it is something that we can all look forward to.

The Financial Services Conduct Authority (FSCA) is paving the way for the regulation of open finance in SA. In May there was a feedback session on its draft open finance consultation paper. Here is a summary of the main points affecting fintech companies and traditional financial institutions alike.

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Article: This student put 50 million stolen research articles online. And they’re free.

Access, Open Decision-Support, Research

This student put 50 million stolen research articles online. And they’re free.

Alexandra Elbakyan is a highbrow pirate in hiding. The 27-year-old graduate student from Kazakhstan is operating a searchable online database of nearly 50 million stolen scholarly journal articles, shattering the $10 billion-per-year paywall of academic publishers.

Elbakyan has kept herself beyond the reach of a federal judge who late last year issued an injunction against her site, noting that damages could total $150,000 per article — a sum that Applied and Computational Harmonic Analysis, a journal in her database, could help calculate. But she is not hiding from responsibility.

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