eNewsletter Summer 2018
With clients’ best interest in mind to comply with regulatory guidelines, Profile’s internationally implemented platforms (ranging from omni-channel, award-winning investment management to modern era digital banking platforms) incorporate the necessary tools to enable compliance with GDPR.
Through extending the supported data set in our platforms, necessary information such as source of client information, client consent, objection and restriction to process, right to access own personal data, rectify, be forgotten, withdraw consent, restrict processing, export and object processing, may be stored and tracked historically.
As the regulation is developing in practice, it is vital for firms to be prepared and appropriately equipped to manage client requests in accordance to the regulatory environment. The regulation is applicable to all EU states and any related business party that does business in the region.