2.1 About Privacy By Design

This topic describes about the information on privacy by design.

Oracle Banking Enterprise Limits and Collateral Management implements privacy by design by protecting Personally Identifiable Information (PII) data. In Oracle Banking Enterprise Limits and Collateral Management, Privacy By Design is achieved by following methods.

Maintaining Personally Identifiable Information (PII) Data

If the data comes under the following categories for an individual user, then it is considered as PII data.
  • Customer Name
  • Customer Contact Information
  • Demographic Information
  • Financial Information
  • Unique Identifiers

Data Masking

Oracle Banking Enterprise Limits and Collateral Management masks the Personally Identifiable Information(PII) data to protect the privacy of the customer.

Transparent Database Encryption (TDE)

It is required to encrypt sensitive application data on storage media completely transparent to the application itself. TDE encrypts data automatically when written to storage including backups, data dumps exports, and logs. Encrypted data is correspondingly decrypted when read from storage. Access controls that are enforced at the database and application layers remain in effect.

Parent topic: Limits and Collateral