Ensuring data privacy & compliance for banks to align with global standards like GDPR & DPDPA

In today’s digital world, data privacy has continued to be of great concern, especially in the banking and financial sectors. Banks play a crucial role in protecting all sensitive, private, financial information and identity. They help to keep our money safe and are known to be trusted institutions charged with holding large volumes of customer data that may comprise personal identification, financial transactions, and credit histories, thus rendering them good targets for cyber threats and data breaches. Customers' trust in their banks relies primarily on how secure these banks keep their personal data. And in current times, banks are needed to implement robust data protection measures, given the increasing volume and sophistication of cyberattacks.