iFactFind's digital platform has transformed compliance in financial planning by integrating rigorous data management with robust client consent processes. Transitioning from traditional paper-based fact-finding to a streamlined, digital system, iFactFind ensures that all data interactions are meticulously audited and recorded, detailing who edited information, the nature of the changes, and the timing of these modifications.

Adviser Compliance:

While Ireland does not specifically enforce a Code of Ethics, regulatory requirements still necessitate that financial advisers gather comprehensive client data responsibly. This includes information on immediate family members, which might affect the client's financial planning. iFactFind supports advisers in meeting these regulatory standards effectively by allowing clients to control the disclosure of specific answers, thereby balancing thorough data collection with respect for client privacy.

Client Responsibility:

The platform emphasises the accuracy and origin of information provided by clients, enhancing the relevance and precision of the data collected. This empowers clients to be active participants in the data verification process.

Enhanced Consent Management Protocols include:

• Terms of Business:Clients provide explicit electronic consent, confirming their understanding and agreement with these documents.
• Information Disclosure: Transparency is maintained with clients informed about the potential sharing of their data with overseas third parties, compliant with GDPR.
• Electronic Communications: Clients specify their preferred methods for receiving documents, ensuring effective communication.
• Sensitive Information: Secure storage and handling of sensitive data like Personal Public Service Number (PPSN) and Tax Reference Number are managed in strict compliance with GDPR and other regulatory requirements.

Data Hosting and Security:

iFactFind’s infrastructure is hosted on AWS in Ireland, ensuring that all client data remains within the jurisdiction of Ireland, further complying with GDPR and local data protection regulations.

All client consents and data interactions are logged in a detailed audit trail, safeguarding against disputes over data origins and supporting a transparent and accountable framework. iFactFind’s dedication to maintaining high standards of security, privacy, and compliance enables financial advisers and their clients to operate with confidence and integrity in the Irish financial landscape, fully compliant with GDPR.