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Feb 2018 - IDC Perspective - Doc # US43054817

General Data Protection Regulation and Financial Institutions

By: Steven D’AlfonsoResearch Director, Compliance, Fraud and Risk Analytics Strategies

Abstract

This IDC Perspective covers IDC Financial Insight's point of view with respect to the European Union General Data Protection Regulation (EU GDPR) and its impact on EU and non-EU financial institutions. The document highlights some of the opportunities and benefits to all financial institutions that are preparing for the GDPR and more stringent data protection regulations that may arise in North America and other regions.

According to Steven D'Alfonso, research director, IDC Financial Insights, "The GDPR can be used as a driving force for better data risk management in financial institutions and as a catalyst for investment in data management technologies."


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