Privacy & Data Protection

Privacy and data protection is a frequently-changing but critical risk area that you need to focus on to protect your business and maintain the trust of your customers. A fintech legal consultant can help design your plan of attack so you know what to focus on and when, especially when you start expanding internationally. We can help you manage your privacy projects, tailor your privacy and infosec hiring plans and identify potential regtech solutions to help you scale.

What our fintech legal consultants do

Privacy compliance plans

We provide expert guidance on privacy laws, including GDPR, California’s Consumer Privacy Act, Australia’s Privacy Act, and Canada’s Personal Information Protection & Electronic Documents Act. We ensure your data handling practices are designed to protect both you and your customers.

Product requirements

We help you design your onboarding process, product, operations and user interface to capture customer consents. We draft transparent privacy notices and building processes that make consent collection and withdrawal simple and compliant.

Data breach management

We assist in managing data breaches, including notification requirements, risk assessments, and remedial actions, to minimise impact and ensure compliance with legal obligations.

Data mapping

A fintech legal consultant can help you build compliant data maps by tracking what personal data you collect, where it flows, and who accesses it. We can help you align activities with lawful bases and create clear records of processing to ensure compliance and reveal gaps.

Vendor management

We can help you deal with your cross-border vendors by designing a third-party risk management policy. We can help you identify potential regtech vendors to help you move away from manual spreadsheets and instead take advantage of automated software solutions.

FAQs

  • Privacy laws include the Australian Privacy Act, UK/EU GDPR and similar laws in other jurisdictions. These laws govern the handling of personal information about individuals. Compliance with privacy laws is critical for any start up or tech business, especially when they’re expanding globally.

  • Ensuring compliance involves understanding your obligations under privacy laws, implementing data protection policies, and managing consent and transparency. We provide expert guidance to help you meet these obligations and protect personal information.

  • A data protection policy should outline how personal information is collected, stored, used, and protected. It should also address data access, security measures, and procedures for managing data breaches. We assist in developing comprehensive policies tailored to your business.

  • If a data breach occurs, you must follow notification requirements, assess the risk and impact, and take remedial actions to address the breach. We help you manage data breaches, including notifying affected individuals and regulatory bodies, and implementing corrective measures.

  • Enhancing data security involves implementing technical safeguards, such as encryption and access controls, as well as organisational practices, such as staff training and regular audits. We advise on effective data security measures to protect personal data to comply with privacy laws.