What does DAR stand for?

Dart Trucks

Data-Action-Response

Data-Aided Receiver

Data-At-Rest

Data-At Rest

Data-In A Register

Data Access Register

Data Access Request

In the banking sector, a Data Access Request (DAR) is a formal inquiry made by an individual or entity to access specific data held by a financial institution. This process is governed by strict regulations to ensure the privacy and security of customer information. The request must detail the nature of the data sought and the purpose for its use, aligning with legal frameworks such as the General Data Protection Regulation (GDPR) in the European Union.

Financial institutions typically have dedicated teams to handle DARs, ensuring that responses are timely, accurate, and compliant with applicable laws. The complexity of these requests can vary, from simple queries about personal account details to complex demands for transaction histories spanning multiple years. The integrity of the banking system relies on the careful management of these requests, balancing transparency with the imperative to protect sensitive information.

Data Access Requests

Data Access Recorder