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Banks and financial institutions are privy to a large amount of sensitive and personal data. Not only that, but they hold their customers’ investments and life savings in their hands so they need to be extremely trustworthy in order to inspire the necessary level of confidence in their customers.

Ever since GDPR came into play in the European Union, the need for data protection has intensified not only at a company-level due to the fees applied upon failure to comply but also at a customer-level due to the emphasis being put on their right to the privacy of their personal data. …

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