GDPR Compliance Banking & Finance: Ensure the security of your customers’ data

My Data Solution: Your GDPR compliance partner for the banking and financial sector

Strengthen your customers’ trust by ensuring rigorous and compliant management of their sensitive data thanks to My Data Solution

Our clients in the Insurance Sector

+ 400 customers have trusted us

Why is GDPR essential for the Banking & Finance sector?

Personal data protection is at the heart of the concerns of the banking and financial sector. Here are the main reasons why GDPR compliance is crucial:

Third party liability

Financial institutions often process data for external partners or agencies. The GDPR requires increased oversight of these collaborations to ensure compliant and secure processing.

Automated decisions and profiling

With the rise of AI for credit assessments and risk analysis, the GDPR strictly regulates these practices. Customers have the right to challenge these decisions or request human intervention.

International data transfers

Banks operating internationally must comply with mechanisms such as standard contractual clauses to legally transfer data outside the EU.

Management of cookies and online tracking

Transparency and explicit user consent are required to use cookies or collect data online.

Relations with subcontractors

The use of external service providers requires increased vigilance to ensure their compliance with the GDPR.

Global data protection culture

Beyond technical obligations, the GDPR encourages the establishment of a real culture of data protection within banking and financial institutions.

Why choose My Data Solution for your GDPR compliance?

Recognized expertise
- DPO-certified lawyers (Bureau Veritas).
- Proven experience in the banking and financial sector.
A complete offer
- Strategic advice, training, DPO outsourcing, compliance software.
Total transparency
- T-TIMES tracking tool for clear, real-time reporting.
Fair invoicing
- Clepsydre guarantee: pay only for the actual time worked, without any increase.

Our services for GDPR compliance in Banking & Finance

Data evaluation

Mapping of data collected, stored and processed.
Identification of legal bases and purposes of processing.

Implementation of protection policies

Developing clear policies to ensure compliance and protect sensitive data.

Consent management

Implementation of mechanisms to manage user consents in a simple and efficient manner.

Strengthening data security

Data encryption.
Implementation of strict access controls.
Training of staff in good practices.

Management of individual rights

Implementation of processes to guarantee the exercise of rights (access, rectification, erasure, portability, opposition).

Regular audits and review of measures

Verification and adjustment of practices for sustainable compliance.

Data security as a strategic priority

Relations with subcontractors

Constant regulatory monitoring

My Data Solution ensures that you are always aligned with the latest regulatory developments, thus guaranteeing your peace of mind in the face of authority checks.

Contact us for tailored GDPR compliance

Are you a player in the banking or financial sector? Call on My Data Solution for comprehensive and personalized support. Together, let’s secure your activities and strengthen your customers’ trust.

Statistics and key facts

Data Breach in the Banking-Finance Sector:

Financial Risks

The average cost associated with data breaches in the financial sector is €4.5 million, including fines, financial losses and remediation expenses. (Source: Cost of Data Breaches Study, 2022)
Following a data breach, financial firms experienced a 20% drop in customer trust, leading to a significant decrease in customer base. (Source: Data Breach Impact on Customer Trust Study, 2022)

Cyber attacks

Financial sector companies that fail to comply with the GDPR face fines of up to 4% of their annual global turnover or €20 million, whichever is higher. (Source: GDPR - Penalties and Fines, European Commission)
In 2022, more than 30% of financial firms were fined for GDPR non-compliance, highlighting the importance of meeting data protection requirements. (Source: Data Supervisory Authority Annual Report, 2022)

In 2018, French bank Crédit Mutuel suffered a data breach that compromised the personal data of more than 10 million customers, including names, addresses, phone numbers and bank account numbers.

CNIL control

In 2020, the CNIL fined French bank BNP Paribas €10 million for violating the General Data Protection Regulation (GDPR). The CNIL found that BNP Paribas had not taken sufficient security measures to protect its customers’ personal data.

These examples show that companies in the banking and financial sector are vulnerable to cyberattacks and data breaches. It is important for these companies to take security measures to protect their customers’ personal data.

Customer Reviews:

I am truly grateful to MDS for their exceptional GDPR support from Aix en Provence. As a small business owner, GDPR compliance seemed like an insurmountable challenge. However, the MDS team simplified the process for me, taking into account the specifics of French regulations. Their local expertise made all the difference. I highly recommend their services to anyone who needs quality GDPR support.

Sarah D.April 23, 2022

"As the director of a company based in Aix en Provence, I was looking for a trusted partner to help us comply with GDPR. MDS not only provided exceptional GDPR expertise, but they also tailored their recommendations to US legislation. Their team was incredibly responsive and professional. I am very pleased with their service and in-depth knowledge."

Julien P.April 7, 2022

"I highly recommend MDS to anyone seeking GDPR support in Aix en Provence. Their team has a thorough understanding of local laws and regulations, which has been essential for our business. They took the time to explain every step of the process to us and ensure we were comfortable with the data protection measures we put in place. Exceptional customer service and real results."

Anne D.April 24, 2022

GDPR Compliance FAQ Banking & Finance

Perform a Data Assessment:

Identify all personal data that your company processes, collects and stores.
Determine the purposes for which you process this data and the legal bases that justify its processing.

Implement Data Protection Policies:

Identify all personal data that your company processes, collects and stores.
Determine the purposes for which you process this data and the legal bases that justify its processing.

Obtaining Informed Consent:

Implement consent management mechanisms to allow users to easily give, withdraw or modify their consent.

Strengthening Data Security:

Implement technical and organizational security measures to protect personal data from unauthorized access, disclosure, alteration, or destruction.
Use encryption, restricted data access, and access controls to enhance data security.

Raising awareness among employees:

Train your staff on GDPR principles, data protection policies and security best practices.
Vous assurez que tous les employés sont conscients de leur rôle et de leur responsabilité dans la protection des données personnelles.

Establish a Data Subject Rights Management Process:

Ensure that data subjects can easily exercise their rights, such as the right of access, rectification, erasure, portability and opposition.
Put in place an effective process to respond to individuals’ requests within the time limits prescribed by the GDPR.

Monitor and Review Compliance Measures Regularly:

Perform regular audits to assess the compliance of your practices with GDPR requirements.
Adapt and update your data protection policies according to regulatory changes or developments in your business.

GDPR Compliance Banking & Finance: Ensure the security of your customers’ data

My Data Solution: Your GDPR compliance partner for the banking and financial sector

+ 400 customers have trusted us

Why is GDPR essential for the Banking & Finance sector?

Third party liability

Automated decisions and profiling

International data transfers

Management of cookies and online tracking

Relations with subcontractors

Global data protection culture

Why choose My Data Solution for your GDPR compliance?

Our services for GDPR compliance in Banking & Finance

Data evaluation

Implementation of protection policies

Consent management

Strengthening data security

Management of individual rights

Regular audits and review of measures

Data security as a strategic priority

Relations with subcontractors

Constant regulatory monitoring

Contact us for tailored GDPR compliance

Statistics and key facts

Data Breach in the Banking-Finance Sector:

Financial Risks

Cyber ​​attacks

CNIL control

Customer Reviews:

GDPR Compliance FAQ Banking & Finance

Perform a Data Assessment:

Implement Data Protection Policies:

Obtaining Informed Consent:

Strengthening Data Security:

Raising awareness among employees:

Establish a Data Subject Rights Management Process:

Monitor and Review Compliance Measures Regularly:

Cyber attacks