- Customer Profile
- A structured record of a customer's identifying details, behavioral history, preferences, and consent status used to manage the business relationship.
- KYC (Know Your Customer)
- A regulatory process requiring businesses β particularly in financial services β to verify the identity and background of clients before providing services.
- Data Subject
- The individual whose personal data is being collected, stored, or processed β a term used specifically in GDPR and privacy law.
- Consent Clause
- A section of a document in which the customer expressly authorizes the collection, storage, and use of their personal information for defined purposes.
- Data Controller
- The business or entity that determines the purposes and means of processing personal data β carries primary legal responsibility under GDPR and similar laws.
- Personally Identifiable Information (PII)
- Any data that can be used on its own or combined with other data to identify a specific individual, such as name, email address, phone number, or national ID.
- Communication Preferences
- A customer's stated choices for how, when, and through which channels the business may contact them β email, phone, SMS, or post.
- Customer Segmentation
- The practice of grouping customers by shared characteristics β demographics, purchase behavior, or geography β to enable targeted marketing or service delivery.
- Opt-In / Opt-Out
- Opt-in requires customers to actively consent to data use or marketing; opt-out places the default as consented unless the customer actively refuses.
- Data Retention Policy
- A company's documented rules for how long customer data is stored and when it must be deleted or anonymized to comply with privacy regulations.
- Account Holder
- The named individual or legal entity recognized as the primary owner of a customer account and responsible party for associated transactions.