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Partner focus – ANTAES

As part of our series of posts that look at some of OXIAL’s strategic partners in a little more detail, this month we focus on ANTAES, a consultancy with whom we are partnering to help organisations manage GDPR compliance.
Swiss innovation: ANTAES is a partner that is found much closer to home than some of our others. A fellow Swiss company, ANTAES takes the best of Swiss thinking and business acumen and uses that to extend its reach far and wide.

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Using artificial intelligence to drive compliance

There are many different applications for artificial intelligence (AI). Some are ready now, such as using the processing power of AI to crunch big data to gain customer insight. Others, such as deploying AI within driverless vehicle computers might be another year or two from being fully ready. But amidst the discussion around AI, one element of modern business is generally overlooked – compliance and governance.

To be compliant and on the right side of governance laws around the world is incredibly important. The European Union’s General Data Protection Regulation (GDPR) that comes into effect on 25 May 2018 is a high-profile example, with every organisation – irrespective of where in the world they are located – having to comply with GDPR if they hold or collect data on European citizens. Failure to do so will results in fines of up to €20,000,000 or 4% of an organisation’s annual global turnover, whichever is greater.

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10 practical tips to ensure compliance for data protection officers

The role of data protection officers (DPO) is one of the most demanding roles in the enterprise. There is more data in business than ever before and that data’s value in terms of customer insight has never been higher.

But keeping that data secure and confidential is also a growing challenge. The increasing sophistication and professionalism of cyber criminals means that ransomware and data hacking is on the rise, while the forthcoming General Data Protection Regulation (GDPR) has mandated that all organisations employ a DPO.

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Microsoft Excel is fine – but …

Time is rapidly running out for organisations to meet the 25 May 2018 deadline to ensure the EU’s General Data Protection Regulation (GDPR) compliance requirements, so one would think that most organisations are frantically preparing for such a momentous change in data laws. Especially so, given that the financial penalty for failing to comply with GDPR will be either 4% of a company’s turnover or €20m, whichever is greater.

That’s not necessarily the case though. Recent research (Q4 2017) with European business leaders revealed that only 8% of businesses are ready for GDPR and have made the necessary compliance changes. More than half of those surveyed believe GDPR is too complex for middle-market businesses, while 26% admitted their organisation would not be compliant by May.

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OXIAL and GDS – a partnership to guarantee GDPR compliance

The clock is ticking when it comes to the European Union’s General Data Protection Regulation (GDPR) coming into effect. The past few years have seen much discussion and debate about what GDPR entails, how it will protect consumers and what it means for the organisations that store consumer data.

We are approaching the time when organisations need to stop talking and start doing. Yet a recent survey (December 2017) of 400 European business leaders by the European Business Awards revealed that an astonishing 92% of organisations are not yet ready for GDPR.

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Five key steps to getting GDPR-ready

The GDPR deadline of 25 May is looming large for many organisations.

A great number have yet to start on getting GDPR-ready in any meaningful sense, and there is a feeling that many are burying their heads in the sand about the best course of action to take.

This was highlighted in a recent survey (December 2017) of 400 European business leaders by the European Business Awards. The research revealed that an astonishing 92% of organisations are not yet ready for GDPR, while 28 per cent of those surveyed were completely unaware of the regulation that they will have to adhere to.

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Testimonial, Geneva Swiss Bank – GSB

Context: a complex environment

1. The regulatory environment is changing rapidly
2. New risks requirements arise unceasingly
3. Growth in sales is difficult> trend to increase risk propensity;
4. Costs increase and pressure on incomes > Margins degrade;
5. Shareholders expect an attractive return (ROI) Without taking risk (ratio risk / profitability).
6. The challenge of the management of a small establishment

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Testimonial, Professor Fragniere

Co-founder and co-director of the Laboratory of Market Research (LEM), Emmanuel Fragnière is Professor at the University of Western Switzerland (HES-SO). Holder of the CIA (Certified Internal Auditor) and a PhD in SES of the University of Geneva, he’s specialised in risk management, particularly interested in the use of market research to understand the challenges of trading raw materials.

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Case Study: The capital market regulator for Morocco

Context:

Finance in Morocco is a growing market and catalyst for initiative. New markets, such as futures, are being set up and new reforms in securitization and venture capital activities are being enacted. As a result, there has been a desire to give more operational autonomy to market regulators like the financial market authority AMMC.