SWITZERLAND FINANCIAL DATA (Item check 0253) | ID NUMBER 100175
• Supplier hosts the Supplier Data
• Supplier is a Sub-processor of Client Information
• Client Information includes Personal Data
• The Sub-processor is located in Germany
• The Sub-processor is based within the EEA
• The Sub-processor uses further Subprocessors based Switzerland
• The further Sub-processors are based outside of the EEA
• Switzerland is deemed to offer an adequate level of data protection by the European Commission
The Supplier Data that GBG uses to provide Switzerland Financial Data is supplied by GBG’s Data Supplier. GBG is obliged under the terms of its agreement with its Data Supplier to ensure that all End Users agree to comply with the following provisions:
1. DEFINITIONS
1.1. In these Additional Terms, the following definitions shall apply, in addition to the definitions set out in the General Terms:
“Permitted Purpose” means use of the Supplier Data solely for the purpose of identity verification and/or fraud prevention.
2. USE OF THE SUPPLIER DATA
2.1. The Supplier Data may only be used for the Permitted Purpose in accordance with these terms.
2.2. The End User warrants that it will not use the Supplier Data for any reason outside of the Permitted Purpose, and shall not modify, send or disseminate the Supplier Data or information contained within to any other party.
2.3. The Data Supplier will use its best endeavours to ensure the accuracy and completeness of the Supplier Data; however, the End User acknowledges that the Supplier Data has been collected from external data sources and the Data Supplier shall not be responsible for its accuracy or completeness.
3. DATA PROTECTION AND COMPLIANCE WITH RELEVANT LAWS
3.1. The Supplier Data used to provide this element of the Service is hosted by the Data Supplier. In order to perform the Services, the Data Supplier shall act as Sub-processor of Client Information (including any Personal Data supplied) for the sole purpose of delivering this element of the Service. The End User authorises GBG to appoint the Data Supplier as Sub-Processor for the purposes specified in this clause 3.1.
3.2. The Data Supplier is based in Germany which is within the EEA. The Data Supplier uses further Sub-processors in Switzerland which is outside of the EEA. Switzerland is deemed to offer an adequate level of data protection for Personal Data by the European Commission, therefore the Parties acknowledge that Personal Data can be safely transferred to the Data Supplier for sub-processing without further data export safeguards.
4. FEES
4.1. Should GBG’s Data Supplier increase its fees, GBG shall, on providing six (6) months’ written notice to the End User, be entitled to increase its prices by the same amount. This price increase will occur no more than once per year.
