Another new year and another financial deadline, one which has the potential to significantly impact the banking marketplace for both financial institutions and their retail customers. This time it’s the second Payments Services Directive (PSD2), which comes into...
2018 is not going to be about one single issue. It will take a combination of hot topics to change the financial services game, say Brickendon’s experts.
What is data portability and what does it mean for the individual and the firm holding the data? The new EU General Data Protection regulation (GDPR), which is due to come into force in May next year, mentions data portability as an individual’s right, but falls short of explaining exactly what it is and how it should be implemented. Brickendon’s resident GDPR expert Corneliu Dicusar takes a closer look at the issue.
The new EU General Data Protection Regulation (GDPR) has significant implications for business, with the right of erasure clause expected to generate a raft of issues for companies dealing with data. How the situation plays out remains to be seen, but firms need to prepare now to ensure they are ready for whatever challenges the new legislation brings. Brickendon Senior Consultant and GDPR specialist Corneliu Dicusar looks at the right to erasure in more detail.
In finance, whatever the project, process or programme, the mantra is low cost and high quality. Ensuring those levels of cost and quality however can be difficult, particularly when it comes to financial software. Brickendon’s quality expert Srirupa Chaudhuri looks at how to address this and discusses Brickendon’s combined qualitative and quantitative approach to testing.
Regulating data collection is not a new concept and many laws already exist to do just that. Brickendon Managing Consultant Roberts Vonsovics looks at what impact the introduction of the new EU General Data Protection Regulation (GDPR) will have on existing data protection legislation when it comes into effect in May 2018
Billed as the biggest change to data privacy in many years, the new EU General Data Protection Regulation (GDPR) has the potential to massively impact the financial services sector around the globe. With less than a year to go until the compliance deadline, companies need to act now to avoid potentially hefty fines and significant reputational damage.
Banking systems are full of repetitive processes that require significant amounts of time and energy. Brickendon Principal Consultant Srirupa Chaudhuri looks at how Robotic Process Automation (RPA) can help financial institutions overcome these challenges.