"It’s imperative that advisers have a full and clear understanding of the new rules and regulations and are well aware of their responsibilities and what support they should expect"
Mortgage Brain has announced that its systems will meet the new GDPR requirements and is implementing a number of software and system enhancements to make it easier for advisers to demonstrate their GDPR compliance.
Coming into effect in May 2018, GDPR (the EU General Data Protection Regulation) expands on the existing UK Data Protection Act and will affect everyone involved in collecting and processing information and data about individuals in the context of selling goods and services.
GDPR introduces a new level of accountability that requires any organisation that handles other individual’s personal data to show how they comply with the principles.
The firm says it has completed a thorough review of its systems and commissioned an independent external review with full legal advice and support to ensure its systems are as robust as they can be to help support advisers post GDPR.
In preparation for the May 2018 deadline, Mortgage Brain has also held a number of consultations to ensure that all users of its systems will be able to meet their GDPR obligations.
Mark Lofthouse, CEO of Mortgage Brain, commented: “GDPR is on its way and it’s going to affect everyone. It’s imperative that advisers have a full and clear understanding of the new rules and regulations and are well aware of their responsibilities and what support they should expect from their system providers.
“The consultations we held with our customers were an important part of this process and have proved extremely valuable in ensuring all parties know what needs to be done and who is responsible for what.
“Whilst we might not be directly responsible for the personal data that advisers’ hold on their systems, we do have a responsibility to all the users of our systems to make sure that they can satisfy their GDPR responsibilities.
“It’s a responsibility we take seriously and, as we have in the past, we’re going the extra mile to ensure all of our systems – for the benefit of advisers - are fully GDPR compliant, well in advance of the deadline next year.”