HOW WE COLLECT PERSONAL DATA
We are legally obligated to collect and process your BVN in accordance with the CBN Directive of the Revised Regulatory Framework for BVN Operation and Watch-List for the Nigerian Banking Industry 2021(the “CBN Directive”). We shall request for your BVN Details in fulfilment of a legal obligation which makes you identifiable by your unique identity in relation to your financial records verifiable across the Nigerian Banking System and its regulators. Your BVN information may be obtained when you:
HOW WE USE YOUR PERSONAL DATA
The BVN information we have obtained may be used in the following ways,
LEGAL BASIS FOR PROCESSING BVN
We shall only process your BVN while relying on any of the underlisted legal basis for processing personal data:
We have secured robust security infrastructure as well as other technologies and policies to ensure your BVN data is adequately protected from incidences of data breach. We shall take steps to protect your information from unauthorised access, unlawful processing, accidental loss, destruction and damage. Kindly restrict third party access to sensitive data such as your password and login details and same should remain confidential. We reiterate that we are in compliance with the Global Information Security Management System (ISMS) to minimise or limit possibilities of data privacy breach.
DISCLOSURE OF YOUR PERSONAL DATA
We shall not disclose your BVN details to third parties without your consent. Where data is to be transferred to other countries who do not have data protection laws, we are obligated to ensure that such transfer is in line with the provisions contained in Article 2.12 of the Nigeria Data Protection Regulation 2019.
We shall not obtain consent from you where we are sharing your BVN details with;
We may also not obtain consent where we share your BVN details in any of the following instances:
Subscribe to receive market and product notices, newsletters and press releases.
Copyright © 2022 WSTC Financial Services Limited