New privacy and data retention policies introduced
As a part of The General Data Protection Regulation (GDPR) initiative, we are introducing our new privacy and data retention policies, thus increasing transparency over customer’s personal data processing principles, including additional updates to Luminor general terms and conditions.
“Customers’ data privacy is and has been an important aspect of our daily cooperation with our customers. We value our customers trust in banking with us and we, therefore, treat the protection of customer’s data seriously. General Data Protection Regulation is additional measure for the industry to commit to responsible work with data,” says Vaineta Bareviciute, Head of Retail banking at Luminor.
Both policies, that apply for all Luminor group companies, will come into force as of May 25, 2018 . As a part of the process, we have also updated our General Terms and Conditions to re-assure the harmonization of the personal data protection principles across our daily operations.