Temenos Customer Data Protection
Privacy by design is fundamental to implementing banking solutions that provide customers with more control of personal data and how it is processed.
Why Temenos Customer Data Protection ?
Since the arrival of the General Data Protection Regulation (GDPR), it is more important than ever to plan for the impact of data protection legislation by designing an efficient response.
With huge fines and irreversible reputational damage on the line for data breaches, data protection cannot be ignored.
Using our experience and expertise, Temenos provide assistance for Data Protection within Temenos Products; assisting clients to meet regulatory obligations with limited disruption to your business.
By developing and implementing data protection solutions at various banks across the globe, Temenos assists financial institutions with Data Protection by providing a Toolkit which can help you:
Manage Personal Data
Take control of the personal data you process* using our personal data definition.
(*within Temenos products)
Data Access and Portability
The provision of configurable personal data reports to assist with requirements related to the Right to Access and the Right to Data Portability.
Data Erasure and Obsfuscation
An erasure process which removes and anonymises personal data after defined timeframes, Related to the Right to be Forgotten.
Banks can anonymise personal data how and when they require.
Manage Customer Consent
Our consent framework enables you to record consent from your customers in a granular and unambiguous way and enables your customers to easily opt in and out of specific processing..
Temenos clients have reduced their administration time for Personal Data reports from 6 hours to 0.1 hours.