Saturday Apr 19, 2025
Saturday Apr 19, 2025
Tuesday, 25 March 2025 04:55 - - {{hitsCtrl.values.hits}}
HNB PLC has formalised a data-sharing agreement with its Group companies – HNB Assurance PLC, HNB General Insurance Ltd., HNB Investment Bank, and HNB Finance PLC.
The agreement, signed at HNB Tower, marks a significant step in enhancing data governance, safeguarding customer privacy, and ensuring full compliance with Sri Lanka’s Personal Data Protection Act.
HNB Managing Director/CEO Damith Pallewatte said: “This agreement is a significant milestone for HNB as we take proactive measures to strengthen data privacy and governance across the Group. In today’s digital landscape, safeguarding customer information is more than a regulatory requirement – it is a core responsibility that underpins the trust our customers place in us. By adopting a robust, transparent framework for data sharing and security, we are not only complying with the Personal Data Protection Act but also setting a benchmark for ethical data management in Sri Lanka’s financial sector. This initiative underscores our long-standing commitment to innovation and accountability as we continue to evolve in a rapidly digitising world.”
The initiative establishes a robust framework for managing, accessing, and utilising data across the HNB Group. This framework reinforces the organisation’s commitment to upholding the highest standards of data privacy and ethics. By implementing advanced data governance protocols, HNB aims to foster greater transparency, build trust with customers and stakeholders, and enable seamless yet responsible data utilisation within the Group.
HNB Assurance Chief Executive Officer Lasitha Wimalarathne said: “Formalising this agreement is a pivotal step towards ensuring responsible data management within the HNB Group. At HNB Assurance, we understand that our customers expect more than just excellent products and services – they expect us to handle their data with the utmost care and respect. This framework strengthens our ability to deliver on those expectations while reinforcing our compliance with regulatory standards. It is also a vital enabler of the seamless digital experience we aim to provide, ensuring that data is utilised ethically, securely, and to the benefit of our valued customers.”
The agreement includes the implementation of advanced data security measures, strict access controls, and regular audits to ensure compliance with the Personal Data Protection Act. Customers will benefit from greater transparency and control over how their data is used, further solidifying their trust in the HNB Group.
