GDPR Compliance Supplementary Training for Peer-to-Peer Lending Platforms
Completion requirements
This supplementary training is designed to enhance your understanding of GDPR as it applies specifically to our peer-to-peer lending platform, in addition to the mandatory GDPR courses provided by SkillCast. This lesson will focus on key compliance aspects relevant to the unique structure of our business, regulated by the FCA, which involves the handling of personal data from both UK-based borrowers and retail lenders.
By the end of this training, you will be able to:
- Recognise specific GDPR challenges within our business model.
- Apply GDPR principles in the context of peer-to-peer lending.
- Understand data subject rights and how our automated processes handle them.
- Identify FCA-related data protection responsibilities.
Section 1: Overview of GDPR and its Business Impact
Objective: Review GDPR basics and the implications for our platform
- GDPR in Brief
- Recap of GDPR basics: What is GDPR, and why it matters for our platform, specifically within the context of the lending and financial sector.
- Peer-to-Peer Lending Context
- GDPR plays a critical role in safeguarding personal data throughout the lending process, from the collection of borrower applications to managing retail lender details.
- As a financial services company regulated by the FCA, we are subject to stringent data protection standards in line with both GDPR and FCA regulations.
The Firm's Data Protection Officer is Daniel Rajkumar