Financial technology platforms are subject to some of the most stringent data regulations in the world — including KYC (Know Your Customer) requirements, anti-money laundering laws, and financial regulator mandates. Your privacy policy must explain identity verification processes, how financial data is secured, and regulatory reporting obligations. Following Brexit, the UK retained its own version of GDPR (UK GDPR), supplemented by the Data Protection Act 2018. The UK GDPR is closely aligned with EU GDPR but enforced by the ICO (Information Commissioner's Office).
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Introduction
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Information We Collect
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How We Use Your Information
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How We Share Your Information
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Cookies and Tracking Technologies
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Data Retention
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Your Rights Under the GDPR
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Your California Privacy Rights (CCPA)
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Your Rights Under the DPDPA (India)
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Children's Privacy
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Data Security
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Third-Party Links
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Changes to This Privacy Policy
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Contact Us
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Following Brexit, the UK retained its own version of GDPR (UK GDPR), supplemented by the Data Protection Act 2018. The UK GDPR is closely aligned with EU GDPR but enforced by the ICO (Information Commissioner's Office). UK GDPR fines can reach £17.5 million or 4% of global turnover. Organizations serving both UK and EU residents must comply with both frameworks.
Financial technology platforms are subject to some of the most stringent data regulations in the world — including KYC (Know Your Customer) requirements, anti-money laundering laws, and financial regulator mandates. Your privacy policy must explain identity verification processes, how financial data is secured, and regulatory reporting obligations.
Data typically collected by Fintech / Finance businesses: government ID and KYC data, bank account details, transaction history, credit scores, investment portfolio data, tax information
Yes. If you collect any personal data from users — including email addresses, analytics cookies, or payment information — you are legally required to have a Privacy Policy under UK GDPR, Data Protection Act 2018, PECR (Privacy and Electronic Communications Regulations). Non-compliance can result in significant fines.
A UK GDPR-compliant Privacy Policy for Fintech / Finance businesses must disclose: what data you collect (government ID and KYC data, bank account details, transaction history, credit scores, investment portfolio data, tax information), the legal basis for processing, data retention periods, and users' rights. Same core principles as EU GDPR: lawfulness, fairness, transparency, purpose limitation.
A Fintech / Finance typically collects: government ID and KYC data, bank account details, transaction history, credit scores, investment portfolio data, tax information. Under UK GDPR, each category of data must be explicitly disclosed in your Privacy Policy along with the purpose for collecting it and the legal basis used. Failing to disclose any collected data category is a violation.
Under UK GDPR, a DPO is required for organizations that carry out large-scale processing of sensitive data or systematic monitoring of individuals. Many Fintech / Finance companies fall into this category due to their data volume. The DPO must be independent, have expert knowledge of data protection law, and be reachable by data subjects.