Comprehensive Risk Identification and Management

To navigate the complexities of modern data and regulation, all businesses must strictly comply with the UK GDPR, the Data Protection Act 2018, and the Privacy and Electronic Communications (EC Directive) Regulations 2003 [PECR].

For financial advice firms, this includes adhering to the FCA’s regulatory requirements regarding the lawful processing of sensitive personal data, particularly when supporting vulnerable customers with the highest standards of care and confidentiality.

For financial advice firms operating within a network, it is easy to assume that data protection compliance is fully managed at the group level. In reality, every individual practice remains strictly accountable for its own data protection standards, a landscape often obscured by complex regulatory jargon.

You may wonder whether your current systems and processes are adequate and compliant with data protection and regulatory rules. Or you may have assumed that what your network provides for data protection is sufficient or do I need to do more?

Why Choose Fintect?

Fintect delivers comprehensive data protection audits and advice tailored to your entire business or specific operational functions.

Our experts evaluate your current data protection systems and procedures, offering actionable recommendations for improvement or validating that your existing safeguards fully protect your critical client and business data. This service provides a practical assessment of how your organisation collects, uses, stores, shares, and protects personal information.

Available for the whole firm, specific departments, or targeted processes, our audits benchmark your practices against rigorous regulatory standards and seamlessly integrate into your risk management framework to identify and resolve any gaps in your data protection network or service provider ecosystem.

With Fintect’s deep expertise in the financial sector, you can thoroughly assess and verify whether your network provider is delivering the robust data protection support your business needs, ensuring your operations remain secure and fully compliant.

Fintect delivers highly adaptable and tailored solutions designed to meet your firm’s unique requirements, regardless of its geographic location, operational scale, or specific market environment.

We specialise in delivering clear, jargon-free advice and tailored solutions, empowering you to focus on driving your business forward once your data protection framework is fully established.

Risk Management Services

Services offered include:

• Analysis of existing company data protection measures.
• Analysis of data protection implications for network providers.
• Analysis of suitability, risks and rewards.
• Data protection GAP analysis.
• Data Protection Impact Assessments.
• Implementation process.