Finance , banking & Insurance (FBI)

Why Finance, Banking & Insurance Companies Need Our Services

The Finance, Banking, and Insurance (FBI) sector processes vast amounts of sensitive personal and financial data, such as customer accounts, credit scores, loan applications, and insurance claims. With strict regulations like GDPRand global privacy laws, non-compliance can result in severe penalties, loss of customer trust, and reputational damage. High-risk activities like automated decision-making, fraud detection, and data sharing require meticulous oversight and privacy safeguards to mitigate risks and ensure accountability.

As regulatory demands grow and cyber threats increase, managing compliance while maintaining operational efficiency is a significant challenge—this is where HyperLex steps in.

How Do We Help

Outsourced DPO

We serve as your external DPO, overseeing GDPR compliance, providing expert advice, and managing data governance to ensure your data protection framework meets regulatory standards. Under Article 37(1) of the GDPR, appointing a DPO is mandatory for organizations processing large volumes of personal or sensitive data, such as financial transactions or credit scoring. For financial, banking, and insurance companies, a DPO is essential to ensure compliance, mitigate risks, and demonstrate accountability to regulators and customers.

Data Protection Representative


We act as your Data Protection Representative (DPR) in the EU, ensuring compliance with GDPR Article 27 by managing communication with regulators and data subjects. Organizations outside the EU processing EU residents’ data, such as financial transactions or credit scoring, are legally required to appoint a DPR. For financial, banking, and insurance companies operating internationally, a DPR is crucial to meet legal obligations, handle regulatory inquiries, and maintain trust with EU customers and authorities.

Audits & risk assessments

We identify compliance gaps, assess risks in your data processing, and provide solutions to strengthen your data protection framework. Under Articles 24 and 32 of the GDPR, regular audits and risk assessments are required to ensure compliance through technical and organizational measures. For financial, banking, and insurance companies, these assessments are crucial to mitigating breach risks, safeguarding customer data, and maintaining regulatory trust.

Privacy Implementation

We help implement GDPR-compliant policies, processes, and technical measures, embedding Privacy by Design and Default principles into your organization. Under Article 25 of the GDPR, this includes aligning systems, contracts, and policies to ensure compliance. For financial, banking, and insurance companies handling sensitive data like financial records or credit histories, privacy implementation mitigates breach risks, ensures accountability, and maintains trust while improving operational efficiency.

Data Subject Access Requests (DSAR) Service

We handle Data Subject Access Requests (DSARs) efficiently, ensuring timely, accurate, and GDPR-compliant responses. Under Articles 12 to 15 of the GDPR, organizations must respond to personal data requests within one month. For financial, banking, and insurance companies processing sensitive data like transaction records or credit scores, managing DSARs can be complex. Our service simplifies compliance, reduces administrative burden, and builds trust through secure and transparent responses.

Data Protection Impact Assessments (DPIAs)

We conduct DPIAs for high-risk data processing, helping identify, assess, and mitigate risks to ensure GDPR compliance and safeguard sensitive data. Under Article 35 of the GDPR, DPIAs are mandatory for activities that pose high risks, such as automated decision-making, profiling, or large-scale processing of sensitive data. For financial, banking, and insurance companies, DPIAs are critical when implementing new systems like AI-powered credit scoring, fraud detection tools, or customer analytics platforms. Our service ensures risks are managed and documented, enabling compliance, preventing breaches, and demonstrating accountability.

Benefits of our services

  • Regulatory Compliance
    Achieve and maintain GDPR and global privacy compliance, avoiding fines and legal risks.
  • Risk Mitigation
    Proactively identify and resolve vulnerabilities in high-risk processing activities like fraud detection, automated credit assessments, and claims handling.
  • Operational Efficiency
    Offload complex privacy tasks like DSARs, audits, and compliance reporting, allowing your team to focus on core financial and insurance services.
  • Enhanced Customer Trust
    Demonstrate a commitment to protecting sensitive financial data, fostering transparency and loyalty with customers.
  • Resilience Against Data Breaches
    Strengthen your privacy framework to protect against cyber threats and ensure secure data handling, minimizing reputational and financial risks.

Our promise to you

Fixed rate

Hourly fees? Pass. Surprise bills? Never. Just one simple rate that keeps your budget happy and your accountant smiling.

Flexible support

Need help once a week or once a month? We’re here when you need us. PS: we won’t overstay our welcome.

Legal peace of mind

Legal jargon? We translate it into plain English. Compliance? Consider it sorted. You focus on growing your business; we’ll handle the fine print.

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