The Dutch and European authorities come with new regulations that you have to comply with every year. We all embrace the motives for this: privacy, comfort, transparency. But the implementation of these regulations has consequences for your operation, from administration to reporting. Above all it takes time and energy to keep your knowledge up to date on the changes and their implications. This all imposes a heavy load on your organisation. But we prefer to see it as an opportunity to make your organisation ready for a transparent and client focused future. Our experts deal with these challenges every day. Together with you, they will quickly determine the impact of new laws and regulations so that you can quickly return to focussing on innovation and development.
General Date Protection Regulation (GDPR)
The GDPR gives each European the right to determine who can use their data and how. Any organisation that deals with personal information must meet new conditions. Regardless of whether it concerns (potential) customers, employees, candidates or contacts, once you register personal data, the GDPR applies. Because you work in this sphere as a bank, insurer or pension fund daily, the GDPR has major consequences for your operation.
We map all your processes and systems with our GDPR Assessment, then we determine where privacy sensitive data is present and add them to the requirements of the GDPR. We also check whether you can ensure the security of all your data. Within four weeks, you know where you stand – and what you have to do.
For legal issues we rely on the expertise of our legal partner. We can also assist you with implementation, whether it be drafting editing agreements, setting up a data registry, performing PIAs or mapping and realizing system adjustments: our GDPR Support Team is waiting for you.
Payment Service Directive 2 (PSD2)
The new European Directive Payment Service Directive is regularly in the news. The sequel, PSD2, makes it possible to share account information with other companies and you can also let other companies make payments. No one has to go to the bank for account information and payments anymore. The purpose of the directive is to make payments easier and safer. It also brings new rules with it for authentication and detecting fraud.
The directive must be included in Dutch law by January 13, 2018. Therefore, we expect a lot of changes next year which will provide food for thought. For example: what does it mean to you as a bank if someone like Apple develops a successful banking app? And will your role change if Amazon can make payments? We would like to share the consequences of PSD2 with you and translate the directive through to your organization, from technical consequences to communication with the account holder.
The New Pension Law of Rutte III
With the appointment of the Rutte III Cabinet, the options for retirement plans have become limited to 4 variants: 2 variants with guaranteed benefit (DB) and 2 variable-rate variants (DC). The foundation of the system is a fixed funding space for pension building for all. This new tax framework will be introduced in one go. For the group of people who will be caught between these options, a transitional arrangement applies. Our experts have monitored all discussions about the changes in pension legislation and are therefore well-aware of the consequences for organizations, processes and systems. You can count on us when translating the new rules into your situation.