The Privacy Policy

This Privacy Policy regulates how personal information can be used by United Bank for its Group of companies (“WPI” or “the Bank”). In line with the provisions of the Global Data Protection Regulation and other applicable Data Privacy laws and regulations, WPF maintains the following privacy principles, which govern how we collect, use and manage your personal data.

Lawful Reasons for Collecting Personal Data by the Bank

Collection of Personal Information

As a responsible business, WPF is committed to compliance with data p rotection regulations in collecting and processing personal data as defined in the General Data Protection Regulation of the European Union (GDPR) and other applicable Data Privacy regulations. The GDPR give you certain rights regarding our use of your personal data,

Why do we need it?

We require your basic personal data to provide you with banking services you have engaged us for based on the requirements from the respective Central banks and/or governmental regulations in line with the applicable Data Privacy regulations and our Data Privacy Framework/Policy.

What do we do with it?

To enable you to obtain banking services through us, we will require you to collect, store and process some of your personal data as required under the law. Your consent is required to make banking services available to you in accordance with the law/regulation in force. All the personal data that the Bank collects from you will be held and processed from our Facilities or any of our subsidiaries and/or authorised service providers (third parties) where applicable in a secure manner. Unless required by a Legal or regulatory requirement for the Banking services, your data will be held confidential. We will take all reasonable actions to ensure that the personal data of all customers and employees are handled securely and in a controlled manner. The Bank complies with the latest Information security standards such as PCI-DSS, ISO/IEC 27001:2013 etc.

How long do we keep it?

As a regulated financial services institution, we will retain your personal data for ten (10) years or as may be required by regulation in the country under consideration, after which it will be disposed of as required under the respective Government laws and Banking regulations. Please note that regulations may require the Bank to retain your personal data for a specified period, even after your banking relationship with us ends.

Data Retention

As a regulated financial services institution, we will retain your personal data for ten (10) years or as may be required by regulation in the country under consideration, after which it will be disposed of as required under the respective Government laws and Banking regulations. Please note that regulations may require the Bank to retain your personal data for a specified period, even after your banking relationship with us ends.

Your obligations

Where you share personal data of third parties with us, including your directors, officers and authorised signatories (Data Subjects), you are responsible for and warrant that you shall obtain their written consent for the processing and transfer of their personal data for the purpose of your contract with us and the provision of banking services to you.