Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking & Finance Review

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2025 GBAF Publications Ltd - All Rights Reserved.

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Top Stories > GDPR: it’s a marathon, not a sprint
    Top Stories

    GDPR: it’s a marathon, not a sprint

    GDPR: it’s a marathon, not a sprint

    Published by Gbaf News

    Posted on May 1, 2018

    Featured image for article about Top Stories

    Chris Doutney, Executive Director, Civica Digital 

    After years of planning and discussion, the General Data Protection Regulation (GDPR) is very nearly upon us. However, despite the fact that this regulation has been climbing the agenda for some time now, it appears as though businesses are still rushing to get everything ready in time for the 25 May deadline.

    The reality is that many companies will not be fully GDPR compliant by the required date. But it’s important to remember that GDPR is not an exhaustive list of what is and isn’t allowed; it’s a principle-based, legal framework to drive change, as opposed to a tick-box exercise. Those companies who purely view it as such will not be building the best platform to succeed in the future – and may even trip up along the way.

    With less than a month to go, we’ve pulled together some key learnings to help your business remain calm under pressure and show how keeping the right attitude and culture is crucial for true compliance.

    Think positive

    The main element to a positive GDPR journey is to remember that the regulation has been designed to better facilitate business across the digital market in Europe. Key to this is building trust with citizens and customers by clearly demonstrating that their rights are respected and their data is managed responsibly. It shouldn’t be looked at as another regulation as it essentially builds on data privacy and security principles which organisations should already be abiding by. And it’s likely that its implementation will enhance consumer trust in brands. This is crucial as recent Civica research found that more than half (53%) of citizens would have greater trust in organisations if they were more transparent about the personal data they store and how they use it.

    See the business benefits

    Aside from trust and transparency, changing the way an organisation views and manages data can help improve decision-making, customer reach and satisfaction. Getting your data in order will lay the foundations for increased insight, driving better services around what people want and need and helping to reduce waste. A customer-centric view of your data will not only enable your teams to provide a more personalised service and experience, but will also support a wider digital transformation programme across the organisation.

    Don’t get ahead of yourself

    Like any problem which looks too big and scary to face, the key is to break it into manageable chunks, set priorities and work methodically through the tasks, prioritising the more importance aspects first.

    The journey to GDPR compliance should be viewed as a marathon and not a sprint; it will be long and complex, requiring determination and effort. Most importantly, 25 May is not the finishing line but the start of a new journey so it’s time to ditch the daunting headlines and look forward to the longer lead benefits of this legislation, enabling you to deliver better outcomes and ultimately build increased trust with your customers.

    Chris Doutney, Executive Director, Civica Digital 

    After years of planning and discussion, the General Data Protection Regulation (GDPR) is very nearly upon us. However, despite the fact that this regulation has been climbing the agenda for some time now, it appears as though businesses are still rushing to get everything ready in time for the 25 May deadline.

    The reality is that many companies will not be fully GDPR compliant by the required date. But it’s important to remember that GDPR is not an exhaustive list of what is and isn’t allowed; it’s a principle-based, legal framework to drive change, as opposed to a tick-box exercise. Those companies who purely view it as such will not be building the best platform to succeed in the future – and may even trip up along the way.

    With less than a month to go, we’ve pulled together some key learnings to help your business remain calm under pressure and show how keeping the right attitude and culture is crucial for true compliance.

    Think positive

    The main element to a positive GDPR journey is to remember that the regulation has been designed to better facilitate business across the digital market in Europe. Key to this is building trust with citizens and customers by clearly demonstrating that their rights are respected and their data is managed responsibly. It shouldn’t be looked at as another regulation as it essentially builds on data privacy and security principles which organisations should already be abiding by. And it’s likely that its implementation will enhance consumer trust in brands. This is crucial as recent Civica research found that more than half (53%) of citizens would have greater trust in organisations if they were more transparent about the personal data they store and how they use it.

    See the business benefits

    Aside from trust and transparency, changing the way an organisation views and manages data can help improve decision-making, customer reach and satisfaction. Getting your data in order will lay the foundations for increased insight, driving better services around what people want and need and helping to reduce waste. A customer-centric view of your data will not only enable your teams to provide a more personalised service and experience, but will also support a wider digital transformation programme across the organisation.

    Don’t get ahead of yourself

    Like any problem which looks too big and scary to face, the key is to break it into manageable chunks, set priorities and work methodically through the tasks, prioritising the more importance aspects first.

    The journey to GDPR compliance should be viewed as a marathon and not a sprint; it will be long and complex, requiring determination and effort. Most importantly, 25 May is not the finishing line but the start of a new journey so it’s time to ditch the daunting headlines and look forward to the longer lead benefits of this legislation, enabling you to deliver better outcomes and ultimately build increased trust with your customers.

    Related Posts
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Inside the World’s First Collection Industry Conglomerate: PCA Global’s Platform Strategy
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    Chase Buchanan Private Wealth Management Highlights Key Autumn 2025 Budget Takeaways for Expats
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    PayLaju Strengthens Its Position as Malaysia’s Trusted Interest-Free Sharia-Compliant Loan Provider
    A Notable Update for Employee Health Benefits:
    A Notable Update for Employee Health Benefits:
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Creating Equity Between Walls: How Mohak Chauhan is Using Engineering, Finance, and Community Vision to Reengineer Affordable Housing
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    Upcoming Book on Real Estate Investing: Harvard Grace Capital Founder Stewart Heath’s Puts Lessons in Print
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    ELECTIVA MARKS A LANDMARK FIRST YEAR WITH MAJOR SENIOR APPOINTMENTS AND EXPANSION MILESTONES
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Hebbia Processes One Billion Pages as Financial Institutions Deploy AI Infrastructure at Unprecedented Scale
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Beyond Governance Fatigue: Making ESG Integration Work in Financial Markets
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Why I-9 Verification Matters for Financial Institutions: Building a Culture of Compliance and Trust
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    Curvestone AI partners with The White Rose Finance Group to enhance compliance file reviews
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust
    LinkedIn Influence in 2025: Insights from Stevo Jokic on Building Authority and Trust

    Why waste money on news and opinions when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    More from Top Stories

    Explore more articles in the Top Stories category

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    Should You Take the Dealer’s Bike Insurance or Buy Online Yourself? Here’s the Real Difference

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    ID-Pal Unveils ID-Detect Enhancements to Counter Surge in Digital Manipulation and Deepfakes

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    TRUST TAKES THE LEAD: HALF OF UK SHOPPERS HAVE ABANDONED ONLINE PURCHASES OVER SECURITY CONCERNS

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Why Choose Premium Driver Service in Miami Over Rideshare Apps for Business Travel and Special Events?

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Over 30 Million Users Benefit From Ant International’s Bettr Credit Tech Solutions

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    Side-Hustle Economics: How Part-Time Service Work Can Strengthen Your Financial Plan

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    London to Host Major Summit on “New Horizons” for Islamic Economy in the UK

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    BLOXX Launches World’s First Home Equity Subscription, Creating a New Residential Asset Class

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    LiaFi Addresses Gap Between Business Transaction and Savings Accounts

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Ant Group Chairman Eric Jing Outlines Strategy for Inclusive AI, Collaboration on Tokenised Settlement

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Deeply Cultivating the Syndicated Loan and Cross-Border Financing Fields: Empowering Chinese Banks’ Global Expansion with Professional Excellence

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    Ant International’s Antom Launches AI‑Powered MSME App for Finance and Business Operations

    View All Top Stories Posts
    Previous Top Stories PostGDPR: The Silver Lining
    Next Top Stories PostExponea appoints Steven Ledgerwood as chief revenue officer