What is a data processing location?
The locations show where personal data is processed on behalf of Bank transaction data enrichment and categorisation engine.
Why and how should I assess this?
Considering the many processors and sub-processors a vendor can use, it’s worthwhile to review the processing locations.
If data is processed outside of Europe, there must be a basis for the transfer. Check to ensure that Bank transaction data enrichment and categorisation engine has stated a legal basis for data transfers.