LEGISLATION AND REGULATIONS FOR FINANCIAL SERVICES PROVIDERS

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.

 

 


 

HELPING YOU MORE

General data protection regulation (GDPR)

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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. Within four weeks, you know where you stand – and what you have to do. 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.

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Payment Service Directive 2 (PSD2)

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PSD2 makes it possible to share account information with other companies and you can also let other companies make payments. The purpose of the directive is to make payments easier and safer. It also brings new rules with it for authentication and detecting fraud. Food for thought. 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 with you. From technical consequences to communication with the account holder.

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The Pension Act

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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.

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WHAT OPPORTUNITIES DO YOU SEE? 

 

We’d like to hear from you.
Call us on 020 – 226 01 10 or send an e-mail to info@itds.nl.

 

What clients say

 

Set up and implementation of a Customer Due Diligence policy

“Making a good start was half the battle”

The challenge facing KAS BANK was to implement a Customer Due Diligence policy and rationalise customer files in a limited timeframe.

In collaboration with ITDS, project manager Marc Brouwer took on the challenge.

A social strategy and implementation for OHRA

“As soon as we were satisfied, they’d raise the bar”

In the space of just a few years the role of Social Media at OHRA has grown from “a nice little extra” to a fully fledged business channel.

Iris Wezenberg – previously Social Media Manager and now Online Service Manager with this Dutch insurer – explains how it all came about.

An international IT strategy and organisational change

“You have to get people onside because not everyone likes change”

In just over 40 years Brunel has evolved from a Delft-based brokerage company into an international service provider employing more than 11,000 people in 37 countries. In many of these countries Brunel used local IT systems, each with its own definitions. To make it all future-proof, all these systems had to be replaced by a single system based on the same standard.

Stefan de Boer, Manager Global IT, tells about the collaboration with ITDS.


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A bank where I want to be a customer!

08 Dec 2017
Many banks are still wrestling with Payment Service Directive 2 (PSD2) and the impact it will have on business operations. But, in the meantime, they are missing out…
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GDPR: grasp this opportunity to show how respectful you are

18 Oct 2017
GDPR is coming. What is it? Legislation that gives every   European citizen the right of access to his or her own data. For financial institutions, ITDS Director Gerrit…

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