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The importance of data quality in Financial Services

Collibra

Financial services are highly regulated and maintain a strong focus on compliance and risk management. Considering that major financial organizations handle enormous amounts of data today, they require data accuracy and integrity at all times to minimize risks. What is data quality in financial services?

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Capital Markets, AI, and the need for governance

Collibra

With every financial services organization focused on making better and faster decisions, data professional and business leaders are eager to better understand how AI can facilitate their strategic goals. Financial services orgs, especially those in capital markets, frequently has been on the forefront of generative AI investment.

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UK Government sets out proposals to shake up UK data protection laws

Data Protection Report

On 10 September 2021, the UK Government published its consultation paper on proposals to reform the UK’s data protection regime. Core elements of the GDPR: legal bases / conditions. On legitimate interests, the Government proposes disapplying the legitimate interest balancing test for certain activities. Compliance program.

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Security Compliance & Data Privacy Regulations

eSecurity Planet

And since the EU’s General Data Protection Regulation (GDPR) took effect May 25, 2018, IT compliance issues have been at the forefront of corporate concerns. GDPR, the EU’s flagship data privacy and “right to be forgotten” regulation, has made the stakes of a data breach higher than ever. GDPR-style data privacy laws came to the U.S.

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Top 10 Governance, Risk and Compliance (GRC) Vendors

eSecurity Planet

Governance, risk, and compliance (GRC) software helps businesses manage all of the necessary documentation and processes for ensuring maximum productivity and preparedness. Third-party governance. IT governance and security. Financial reporting compliance. Privacy governance and management. Audit management.

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Record Retention is a Key Component of Your Privacy and Cyber Compliance Program

Data Protection Report

The authority claimed a violation of data minimisation and privacy by design principles under the EU General Data Protection Regulation (GDPR). . However, this is not a new concern or one limited to the EU or the GDPR. A policy or standard needs to be set, which is then explained by training and is measured. In the U.S.,

Privacy 144
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NEW TECH: This free tool can help gauge, manage third-party cyber risk; it’s called ‘VRMMM’

The Last Watchdog

Turn the corner into 2019 and we find Citigroup, CapitalOne, Wells Fargo and HSBC Life Insurance among a host of firms hitting the crisis button after their customers’ records turned up on a database of some 24 million financial and banking documents found parked on an Internet-accessible server — without so much as password protection.

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