How the Financial Services Industry in Poland Can Prepare For GDPR Rules, Mandates And Compliance. Get your GDPR Questions answered and complete the implementation before the year-end audit.

The nature of the modern business’ operation is now often driven by Compliance mandates, process automation or is becoming more and more data-driven. The computerisation that is primarily based on personal, private, customer or stakeholder data needs to be customised to get most of the user practices.

Like most other industries the Financial institutions, have used the customised stakeholder data and in order to offer tailored services to their customers, such as loans or insurance, based on the intelligence, recent purchases or the financial history of their needs and expectations. However, at the same time, consumers are being encouraged to re-take control of their own personal data. This emphasis on the individual’s right to data privacy is clearly highlighted as the Financial Services have implemented the General Data Protection Regulation (GDPR) and gathered the experiences on how difficult it was as it required the Financial Services industry to de-risk and clean-up the many paper documents it held from the past many years of neglect and abuse to maintain this type of records.

Therefore, GDPR has affected all businesses that operate within the E.U., regardless of where they are based. Given the amount of personal data collected and processed by the financial services industry including credit card numbers and financial records. It’s safe to say that regulators are going to be especially strict when enforcing GDPR compliance on the financial services sector.