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.
数据保护影响评估 (DPIA)
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. - 风险缓解
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.
我们对您的承诺
固定利率
按小时收费？通过。意外账单？绝对不行。只需一个简单的费率，让您的预算满意，让您的会计师微笑。.
灵活的支持
每周或每月需要一次帮助？我们随时恭候。附注：我们不会逾期不归。.
法律上的安心
法律术语？我们将其翻译成通俗易懂的英语。合规？那就交给我们吧。您只需专注于发展业务，我们会处理细枝末节。.