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June 19, 2024

Home Credit bags Privacy Management Program Award

Leading global consumer finance provider Home Credit Philippines (HCPH) bagged the Privacy Management Program Award for Non-bank Financial Sector during the National Privacy Commission’s Privacy Awareness Week (PAW) Awards 2022.

HCPH is recognized for consistently updating and improving its data protection practices ensuring that the personal data of data subjects, including employees, customers, and vendors, are protected and safeguarded in accordance with the Data Privacy Act.

HCPH Data Protection Officer Reiyl Siang continues to build customer and other stakeholder trust and protection. Siang was also a finalist for the Data Protection Officer of the Year.

During the first day of NPC’s PAW celebration, Siang talked about the importance of transparency in establishing trust in online lending.

“Data privacy is a priority here at Home Credit. We ensure that our customers, partners, and internal stakeholders can depend on us to uphold their privacy rights and process their personal data lawfully,” Siang said.

To ensure that its standards of data protection are maintained, HCPH developed a Privacy Manual for all external partners that process HCPH data, particularly Personal Data.

Part of the policy found in the manual is to only partner with organizations, which process personal data with security controls at least at par with company policies or policies of the group of companies to which HCPH belongs.

This management style helps HCPH incorporate data protection controls with partners to prevent possible data breaches and improve partners’ data security.

HCPH privacy management is made to be preventive and not remedial to data protection, anticipating future security issues and risks for the company.

With its manual set in place, it regularly conducts compliance testing on data privacy issues faced by business units to validate risk ratings and security controls, making HCPH safe and secure through its proactive security measures which complement its security management processes in response to possible incidents.