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With an increase in global digitalisation, legislators among the European Union recognized a need for firmer regulations regarding the rights of data subjects. Effective May 25, 2018, all EU (and EEA) member states must comply to GDPR regulations handling EU/EEA citizens’ personal data.

The regulation is built upon a set of important principles relating to the processing of personal data. It aims to ensure that the processing of personal data is lawful, secure, fair and transparent.

The rights of the data subjects are strengthened by GDPR:

Information and access to personal data
Rectification and erasure
Right to object to automated individual decision-making

Banqsoft,a financial software provider, is committed to follow the data protection by design and data protection by default principles in our software development.

Learn about the EU data protection rules here.