Kenya cracks down on digital lenders over data privacy issues
Digital lenders that share personal data of loan defaulters, with third parties, risk license withdrawal in Kenya after lawmakers added a clause — granting the banking regulator the mandate to revoke permits of operators who breach customer confidentiality — to the new law passed by the country’s National Assembly. Typically, loan apps collect borrowers’ phone … Continue reading Kenya cracks down on digital lenders over data privacy issues
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