On June 23, organized by the Georgian Microfinance Association, a meeting of member microfinance organizations of the Association was held with the Personal Data Protection Service on the topic: “The Importance of Personal Data Protection and Existing Challenges.”
The working meeting addressed challenges in the processing of personal data in the private sector, identified issues, and recommendations developed by the Service. The new legislative act “On Personal Data Protection” and the related key matters that will be important to consider in order to ensure the processing of data in compliance with the requirements of law were also discussed.
The meeting was conducted in an interactive format and was attended by up to 20 representatives of the microfinance sector. The event was led by Archil Javelidze, Head of the Private Sector Supervision Department of the Personal Data Protection Service, and Nino Katamadze, Senior Lawyer of the Private Sector Supervision Department.
Microfinance organizations process large volumes of personal data within the scope of their activities. Accordingly, raising awareness of data protection matters will significantly improve the standard of personal data protection and contribute to the development and implementation of a unified policy by such organizations.
