If you are a financial services organisation that collects and processes customer data, the General Data Protection Regulations (GDPR) will be applicable to you. With the implementation deadline of May 2018 fast approaching, you need to act now to ensure your data is compliant and your policies and processes meet your future obligations.
Understanding and interpreting the rules, undertaking the data audit and implementing new processes and procedures are all onerous and require considerable time and resource. We’re helping a number of clients get GDPR ready through bespoke solutions based on the level of support they need. Best of all, as regulatory experts, we take into account other aspects of regulatory change such as MiFID II to reduce conflicts and duplication of effort.
How can we help?
Our GDPR solutions aim to help firms of all shapes and sizes get prepared for compliance with GDPR in time for the deadline. But timing is critical! Firms that leave it too late will find their compliance costs will increase exponentially as more resource will be required to deliver the auditing work.
GDPR Audit & Future Proofing
We are in the process of helping a number of firms conduct a comprehensive data audit, providing guidance on the changes required for compliance and ensuring their processes are future proofed post-May 2018.
Typically, we will provide support in conducting a gap analysis, data audit and implementation plan. Our GDPR solutions are built to be bespoke to you and are dependent on the data you collect and process, your internal resource capacity and the size of your business.
Many firms have significant legacy data that will require significant investment of time, budget and resources to audit. Coupled with the requirement to update all policies, procedures, systems and controls, as well as train staff on their new obligations and processes, many firms will find it extremely challenging to meet the 2018 deadline, even if they start now.
Why partner with TCC?
- Expertise – we are helping a number of firms meet their GDPR obligations.
- Proactivity – all our solutions are future-proofed so you can be sure of enduring benefits.
- Value-driven – our solutions are cost-effective and proportionate to your organisational requirements.