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Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

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Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

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Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

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Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

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Featured Pathways

More pathways

Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

More pathways

Book a demo

Pricing

Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

Featured Content

More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

Book a demo

Pricing

Ready to get started?

Book a demo

Pricing

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Why Does Data Protection Matter?

Why Does Data Protection Matter?

Punit Bhatia

15 years: Data privacy & GDPR

In the first video of his series on "GDPR (1/10): Why data protection matters" , Punit explains us what privacy is, why data protection is so important for an organization and what the consequences are if this key aspect is ignored.

In the first video of his series on "GDPR (1/10): Why data protection matters" , Punit explains us what privacy is, why data protection is so important for an organization and what the consequences are if this key aspect is ignored.

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This video is now available for free. It is also part of a premium, accredited video course. Sign up for a 7-day free trial to watch more.

Why Does Data Protection Matter?

11 mins 17 secs

Overview

Privacy matters to individuals and organisations. Privacy laws provide guidance on how organisations can collect and process data in a lawful manner while protecting it.

Key learning objectives:

  • Define Privacy

  • Understand why data protection is important for an organisation

  • Outline the consequences of ignoring the key aspects of data protection

  • Define Privacy Law

Now free to watch

This video is now available for free. It is also part of a premium, accredited video course. Sign up for a 7-day free trial to watch more.

Summary

What is Privacy?

Privacy is the protection of personal information. Such data should be accessible to only the people who should rightfully have access. Examples include:

  1. Personal data
  2. Name,
  3. Age,
  4. Contact

Why is data protection important for an organisation?

Loss of data has an impact on customer trust, organisation’s reputations and financials.

Research says that:

  • 65% of data breach victims lose trust in an organisation
  • 85% are likely to tell people about their negative experience
  • The estimated cost of a breach of data is $3.86 million

What are the consequences for ignoring the key aspects of data protection?

The average of the Top 5 privacy fines in Europe in the first 2 years that  GDPR came into effect is in excess of € 30 million.

  • In the UK, Marriott Hotels was fined in excess of 20 million euros for insufficient technical and organisational measures to ensure the security of personal information
  • In France, Google was fined Euro 50 million for the insufficient basis for processing data when Google account was created during the configuration of a mobile phone using the Android operating system
  • In Germany, H&M was fined Euro 35 million for the insufficient basis for processing personal data when private life circumstances of some employees were recorded and information stored on network drive could be accessed by some the managers

In a situation where there is a loss of trust, financial costs to fix the situation and fines from authorities, it is also going to have an impact on the organisation's reputation and company’s equity valuation.

What is a Privacy Law?

Privacy laws define the rules for the processing of personal data, having a law means your privacy is more guaranteed than it is without a law.

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This video is now available for free. It is also part of a premium, accredited video course. Sign up for a 7-day free trial to watch more.

Punit Bhatia

Punit Bhatia

Punit Bhatia is a passionate author, speaker, and advisor. He provides strategic coaching and advice to privacy experts, business owners, and upcoming privacy professionals. Punit is known for providing advice that is simple, pragmatic and business-aligned.

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