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At a time when cybersecurity is a headline risk across the sector, along come not one but two data governance regulations – GDPR and MiFID II – that present huge compliance risks for financial services businesses. Of the two, though, it is GDPR that represents a sea change in data protection.

Despite the array of constraints that GDPR introduces for businesses keen to leverage the value of their consumer data, it should be seen as a positive development. Implemented correctly, it will give your customers the reassurance they need to place their trust in financial services. This is particularly true of the stringent requirements GDPR places on consent for personal data processing.

So whether your organization has a structured process in place or is yet to plan for compliance, read on for clear guidance through the complexities of GDPR.