Processing EU Financial Data? You Need Attorneys, Not a Mailbox.
Fintech companies handling EU financial data face heightened regulatory scrutiny. A mailbox service cannot navigate the intersection of GDPR, PSD2, and financial regulations.
When Does GDPR Article 27 Apply to Your Business?
Payment Processing
Processing payments from EU customers involves sensitive financial personal data under GDPR.
KYC/AML Data
Know-Your-Customer and anti-money laundering checks on EU persons require robust data protection compliance.
Investment Platforms
Platforms serving EU investors process special categories of financial personal data with heightened obligations.
Banking APIs
Open banking integrations processing EU account data must comply with both PSD2 and GDPR requirements.
Why Your Industry Needs Real Lawyers
Fintech operates at the intersection of financial regulation and data protection law. When an EU regulator contacts your representative about financial data handling, they need a response from someone who understands both GDPR and the financial regulatory landscape. Our licensed attorneys provide that expertise.
Real-World Enforcement Examples
Financial Sector Focus
EU regulators have demonstrated willingness to issue significant fines against financial services companies for GDPR violations, including cases involving cross-border data transfers.
Regulatory Convergence
Financial regulators increasingly coordinate with data protection authorities, creating compound compliance risk for non-compliant fintech companies.
Frequently Asked Questions
Does PSD2 compliance cover my GDPR obligations?
No. PSD2 and GDPR are separate regulatory frameworks with distinct requirements. You need to comply with both. Article 27 EU representative appointment is a GDPR-specific obligation.
Is financial data subject to stricter GDPR requirements?
While financial data is not a "special category" under GDPR Article 9, it requires robust security measures. Regulators apply heightened scrutiny to financial data processing, making qualified legal representation even more important.
Can my EU banking partner serve as my Article 27 representative?
No. Your Article 27 representative must be independently designated and cannot be a business partner or processor. An independent legal entity like rep4eu avoids conflicts of interest.
Protect Your Fintech EU Operations
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