Data Protection in the Financial Services Industry

Download or read book Data Protection in the Financial Services Industry written by Mandy Webster and published by Routledge. This book was released on 2017-03-02 with total page 232 pages. Available in PDF, EPUB and Kindle. Book excerpt: Privacy and data protection are now important issues for companies across the financial services industry. Financial records are amongst the most sensitive for many consumers and the regulator is keen to promote good data handling practices in an industry that is looking towards increased customer profiling, for both risk management and opportunity spotting. Mandy Webster's Data Protection in the Financial Services Industry explains how to manage privacy and data protection issues throughout the customer cycle; from making contact to seeking additional business from current customers. She also looks at the precise role of the Financial Services Authority and its response to compliance or non-compliance. Each of the Eight Principles of the Data Protection Act are reviewed and explained.