UK BANKING GROUP STRENGTHENS CUSTOMER DATA SECURITY AHEAD OF GDPR

 Close Brothers Technology Services has partnered with DataRaze to expand its secure data destruction offering for customers

UK merchant banking group, Close Brothers Technology Services has partnered with DataRaze the company behind the creation of the UK’s only machine that provides on-premise, fully auditable, physical destruction of critical data assets.

The machine has been built to manage the safe and effective permanent destruction of confidential customer data in preparation for the General Data Protection Regulation (GDPR) coming into force on 25 May 2018.

Close Brothers Technology Services will help DataRaze customers acquire the equipment with minimum capital outlay through the provision of bespoke funding facilities, tailored to the customers’ requirements.

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Sean Callanan, Director of Technology and Services, said: “The arrival of GDPR has been a talking point among financial services professionals for some time now and the secure storage and destruction of customer data is becoming more important than ever. This new partnership with DataRaze is just one example of how we are expanding our data security processes for customers in preparation of the introduction of stricter regulations under GDPR.”

Steve Inglessis, Commercial Director at DataRaze, added: “The partnership with Close Brothers Technology Services is the first step on a journey to expand and develop the DataRaze service. The finance sector deals with some of the most sensitive customer data – from transactions to personal finance details – and customers need to be reassured their information is being stored safely and destroyed effectively when required. We’re thrilled to be working closely with Close Brothers Technology Services and are confident this partnership will prove beneficial for their clients.”

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