What Does GDPR Mean for Banks?

The EU's General Data Protection Regulation imposes accountability for protecting customers' and employees' personal data. It's drawing more attention to data privacy protection capabilities

Anna Mazzone, managing director, Trunomi

Legislation is catching up with technological advances in the European Union, with consequences for banks that fail to protect client and employee data.

The General Data Protection Regulation (GDPR), published in the Official Journal of the European Union in April, takes effect on
May 25, 2018. It is intended to harmonize and modernize a 21-year-old data privacy protection directive, "to better protect the right to privacy, which is a fundamental right in the EU, while laying the necessary condi