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SaaS solution that fully enables open banking, simplifying the implementation of the operation in your institution.
Teros Regulatory Data Governance is a SaaS solution that drives the creation of ecosystems in compliance with the General Data Law. The solution includes an integration hub for inter-company data sharing APIs, in addition to a native consent engine to the data flow (embedded in the API). It also includes a complete parameterization system, for each type of service transacted, in addition to all the necessary resources for data treatment provided for in the General Data Law, such as anonymization, data storage time, data custody and control dashboards and reports. Finally, it integrates a legal module embedded in the solution, with a complete library of consent terms and maintenance service of the terms performed by a renowned law firm. The solution consists of modules:
With the advent of General Data Law, the user (your client) became the owner (holder) of their personal data, being solely responsible for decisions on the treatment of this data. In practical terms, except when explicitly stated in the legislation, the processing of personal data presupposes the consent of the holder.
Handling is considered to be any operation performed with personal data, such as those relating to the collection, production, reception, classification, use, access, reproduction, transmission, distribution, processing, archiving, storage, elimination, evaluation or control of information, modification, communication, transfer, dissemination or extraction.
In other words, one of the main foundations of the General Data Law is informational self-determination, which is the positive right of the holder to exercise control over their transactional flow of data, which today are transformed into information.
Thus, the key requirements revolve around the user's consent and the experience of the data holder, to exercise their rights and give access to their information.
It is necessary to ensure that the handling - especially the sharing - of data is performed with the consent of the user and owner of the data, at all times. This is valid both for those transmitting the data and those receiving the data. It is necessary to inform users about how their data is being used, how they can control it, how it is stored and/or how the company is audited. To that end, you will need a technological solution to obtain the user's consent, in addition to involving the legal, risk and compliance area of your company, to ensure that the consent terms are adequate for each data call.
In this context, you need to be prepared to manage specific consents for each purpose of use and all parameters required by the Law.
So, in order to handle data in compliance with the law, share and receive data with other companies, and develop sustainable businesses, you will need a data governance system.
Governing all the data that will be shared in the new ecosystem, including the terms and consents obtained in each transaction, and storing and recording all data logs in a format that is easy to consult and access.
Promoting a good journey for the user when consenting to release data, in a way that is clear and includes all mandatory information.
Finally, provide regulatory agencies with access to required reports that will also be used on a day to day basis by the DPO in their data governance role.
Platform for displaying embedded APIs with the layout of the APIs for each service / information provided for in each phase of open banking regulation in each country.
The module includes a consent engine that enables the process of generating consent terms in an automated way, 100% compliant with the open banking regulation. Possibility of editing terms simply and quickly, for each type of integration and data service.
The consent engine works at the API level, that is, associated with each data call, generating a unique record and documenting the data call associated with the obtained consent. This is called native consent, and it can be formatted for transmitting and receiving data.
Mobile platform prepared for the open banking player, a Teros Solution client, to deploy the user experience in plug-and-play format to obtain consent to receive data and transmit data.
Integration hub for open banking APIs, as well as any other type of API, enabling the creation of new ecosystems that demand data interaction with governance and compliance with General Data Law.
System that records the logs of data calls and the addressing API of the holder's right.
Dashboard that presents management indicators for the complete data operation using the Teros governance system.
Allows the configuration of data services and the parameterization of data governance. Includes the purpose, treatment, query and management of responsibilities for each data service, with the application of specific terms, considering the nature of the operation relating to the type of data.
We work with the client, who is always the protagonist of the project, and we plug in at their moment, immersing ourselves in their challenges.