10 posts categorised "Data"

22 January 2020 What does the regulatory revolution on data collection mean for firms? We are going through a revolution in the way financial services firms use data. The quantity and complexity of the data available to firms is unprecedented. This brings unique opportunities to better tailor the services provided to customers but also significant regulatory, operational and even ethical challenges.

02 September 2019 Coming a cropper - Data farms and insurance fraud Amidst other significant enforcement activity, the Information Commissioner’s Office (ICO) recently reported raids on two UK addresses as part of an ongoing investigation, conducted in partnership with the Insurance Fraud Bureau (IFB), into the suspected illegal acquisition and sale of personal data. The suspicion was that high volumes of data farming activity, or vishing, was taking place at these addresses to illegally obtain the personal data of motor accident victims to sell on to solicitors for personal injury insurance claims. In the context of the ongoing fight against insurance fraud, this is an important development. In this blog I highlight three of the most important themes I took away from it.

19 November 2018 Time for firms to prepare for tougher data quality management guidelines As the Basel Committee on Banking Supervision (BCBS) and the national regulators across the world continue to be increasingly intrusive, prescriptive and challenging of firms’ data requirements, the need for firms to undertake infrastructure and technology enhancements to upgrade their data management systems and processes intensifies.

22 June 2018 Keeping the data flowing: The business impact of Brexit on data sharing and protection By Leigh Bates and Conor MacManus Every day, huge volumes of data, including vast amounts of personal data, flow between the UK and other EU...

17 January 2018 Seven key GDPR challenges for financial services organisations By Rav Hayer During PwC’s live webcast on the 30 November, key General Data Protection Regulation (GDPR) challenges for financial services were discussed with a...

29 December 2017 Tackling the Brexit data challenge By Leigh Bates and Conor MacManus As UK firms further consider their Brexit planning to relocate parts of their cross-border business to alternative EU-27 locations,...

11 December 2017 6 challenges of managing data risk in your third parties By Rav Hayer and Andrew Bache Outsourcing activities which involve transferring data to third parties is commonplace within the financial services market and in David...

08 November 2017 GDPR compliance - financial services firms are amongst those in the lead By Rav Hayer We recently surveyed 300 Chief Privacy Officers, Chief Information Officers, General Counsels, Chief Compliance Officers, and CEOs in US, UK, and Japanese...

14 December 2016 10 ways financial services organisations are preparing for the GDPR Read our GDPR summary for banks, insurers and asset managers

26 February 2016 Data transfers in limbo: What Privacy Shield means for firms By Erin Anzelmo While many firms lament further regulations to their business, they may now have greater reason for concern in the absence of clear...

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