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IOB Shares Sensitive Information with Third Parties for Educational and Professional Purposes
In an effort to enhance professional development and education in the financial services sector, the Institute of Banking (IOB) has revealed that it shares personal information with third-party providers to facilitate the delivery of its programs and services.
Processing Personal Information for Various Purposes
According to IOB’s Data Protection Notice, the organization processes sensitive information for various purposes, including:
- Educational and professional development initiatives
- Delivery of programs and services
- Compliance with regulatory requirements
This information is shared with trusted third parties, such as: + Service providers + Educational partners + Regulatory bodies
Some of these partners include: + University College Dublin (UCD) + Higher Education Authority (HEA) + Springboard + European Financial Planning Association (EFPA) + Compliance Institute + Central Bank of Ireland + Chartered Banker Institute
These organizations may process personal information in connection with specific programs or services provided to IOB members.
Data Protection Measures
IOB emphasizes that it only shares personal information with third parties that have agreed to maintain the same level of data protection as required by EU law. This includes: + Countries outside the European Economic Area (EEA) where there is an adequate level of protection for personal information + Transfers made under legally binding agreements
Individuals’ Rights
IOB has outlined various rights available to individuals whose personal information is processed, including:
- The right to access their data
- The right to correct their data
- The right to delete their data
Individuals can exercise these rights by contacting IOB directly through: + Phone + Email + In writing
IOB will respond to requests without undue delay and within a one-month period (30 calendar days). In exceptional circumstances, the organization may extend this period and inform the individual of the reason for the extension.
Complaints Procedure
IOB has established a complaints procedure to handle any concerns or issues related to its data protection practices. Individuals can submit their complaints in writing to [email address] or contact the Data Protection Commission in Ireland.
The Institute’s Data Protection Policy sets out the requirements that must be complied with by anyone who processes personal information for or on behalf of IOB. The policy is available on the organization’s website.
Updates
IOB will review and update its data protection notice and policy regularly to ensure compliance with changing regulations and technological advancements. Notified individuals will be informed of material changes through a notification posted on the organization’s website or other communication channels.