Consent Management
Overview
Consent management is the process of capturing, tracking, and managing customer permission for data collection and sharing. It ensures compliance with privacy regulations like GDPR, open banking frameworks, and India’s Account Aggregator system. Customers can grant, revoke, or monitor consent through dashboards and APIs, giving them control over their personal information.
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Related Terms
FAQ
What is consent management?
Managing customer permission for how their data is used or shared.
Why is it critical?
It builds trust and ensures compliance with privacy regulations.
Where is it applied?
In open banking, identity verification, and digital KYC systems.
Can consent be revoked?
Yes, customers can withdraw consent at any time.