Trust is one of the key components of the financial services business and a foundation of brand value. As such, global data privacy compliance is increasingly a challenging issue faced by the financial services industry. Privacy compliance is no longer a largely domestic matter as financial services firms look to serve markets and pursue outsourcing strategies overseas.
Implementing a holistic global data privacy compliance program can be an important step in complying with applicable laws, rules and regulations. Such a program can also help protect a company’s brand, achieve a competitive advantage in the marketplace, and promote confidence and goodwill amongst customers and employees.
