ARBES Demonstrated How To Tackle the GDPR in the Financial Sector

Leading experts presented issues connected to the GDPR regulation, best practices and technological solutions. Petr Majer, Sales Director at ARBES Technologies and Josef Švenda from Oracle welcomed participants at the new Oracle headquarters in Prague.

Michal Nulíček from Rowan Legal spoke about the 10 steps of GDPR compliance and about what can be achieved by the GDPR enforceable date, i.e. by May 25, 2018. He mainly recommends keeping yourself and your colleagues informed, to plan and coordinate, to map out your data, minimize data processing, allow subjects to exercise their rights, to be transparent, to procure representatives (DPO), to be strict when outsourcing, to report incidents and live according to the GDPR.

Vít Lidinský from Tayllor Cox presented information about the protection of personal information in relation to the EU 679/2016 regulation commonly known as the GDPR. He mainly discussed the issue of personal data, relevant changes to information systems, changes to data models, audit records, separating data for various purposes, automation and new identity architecture.

Petr Majer from ARBES Technologies presented ARBES Monitor, which is a new product that will simplify activities related to the GDPR for financial institutions. ARBES Monitor covers system support of the administration process, it is a gateway to the organization for subject data applications, it covers the audit trail and provides basic support for the DPO’s (Data Protection Officer) activities. An advantage is that the solution is pre-set with installed processes guaranteeing a quick and simple installation. The option to develop the solution further thanks to a wide range of integration options is also available along with very effective process modification options that can be customized.

Patrik Plachý from Oracle demonstrated the functionalities of the Oracle Database 12c database solution and the options offered in terms of protection and management of information. Security management by Oracle consists of administration (secure configuration, locating sensitive data, using minimal authorizations), prevention (encryption and editing, masking and a smaller set of data, DBA and operations management) and detection (audit, monitoring activities, notifications and reports). New requests will surely be created in relation to the GDPR and the database will be the center of attention. Oracle Database also offers other stable strategies for predicting threats and their mitigation, security as close to the data as possible and in-depth security management.

Lukáš Bajgar and Radek Koudela from KPMG presented their experience with GDPR projects in the area of financial services and typical issues usually addressed in those areas. KPMG has a methodical approach to the GDPR comprising an analysis phase (everything that needs to be resolved), a plan (how to resolve the GDPR) and a solution (how to implement the selected solution).  They involve the legal team, the business team and the technological team in the process one by one. KPMG considers project management, personal data processing mapping, managing expectations, analysis of risks and solutions to be the key project activities and problems in GDPR projects.

Contacts for Media:

Kamil Pittner, PR consultant, ARBES Technologies, +420 604 241 482, press@arbes.com