Use Cases: Data Privacy, Risk and Compliance
General Data Protection Requirements (GDPR) is the European Union regulation governing how EU residents’ personal data can be stored and managed. Under these new rules, all companies must tightly understand, control and manage their possession of personal data, or face prosecution and heavy fines.
Since the global financial crisis of 2008, regulators have established LEI and BCBS 239 standards for recording, aggregating, and tracking financial transactions. Neo4j helps banks to meet these standards by enabling risk assessment, data lineage, and understanding of dependencies on other systems, investments and financial houses.
In addition to BCBS 239, compliance of FRTB (Fundamental Review of the Trading Book) regulations are required of banks by January 2022. FRTB create specific capital-reserve requirements for bank trading desks based on investment-risk models. Fool-proof your risk managment & compliance infrastructure using graph technology.
The new California Consumer Privacy Act (CCPA) imposes stiff penalties on those that misuse and resell consumers’ private information starting January 1, 2020. Enterprises need a future-proof solution to leverage data connections, track data lineage and mitigate any risk of data misuse.