GDPR banking and insurance

Compliance with the GDPR in the banking and insurance sector: a major challenge

The GDPR imposes strict obligations to protect personal data in the banking and insurance sectors.

To this end, GDPR compliance represents several significant challenges for banks and insurance companies, including :

• the collection and processing of a vast amount of personal data
• data security to guarantee the protection of customer data
• the management of sensitive data, in particular financial data, including information on bank accounts, credit cards, loans, etc
• transparency on how personal data are used
• the management of consent in a transparent and traceable way, making it possible to prove that customers have given their consent for the processing of their data
• the management of customer requests and contacts on their data by ensuring efficient and timely processing
• the management of violations, which can have serious consequences not only in terms of financial risks but also about your company’s reputation
• taking into account the compliance of service providers, necessary for banking institutions for their compliance
• the training of employees, the latter having to be aware of the best practices in terms of data protection

Since they collect and process a lot of personal and sensitive data, banks and insurance companies are the most expected and monitored for their GDPR compliance. And today, the GDPR compliance of banks and insurance companies is a real guarantee of trust for customers.

Our GDPR software has been designed by experts in data law and IT to meet the requirements of the GDPR in the Banking and Insurance sectors