A data processor is an organisation that handles personal data on behalf of another organisation, the controller, following its instructions. The term comes from UK data-protection law and shapes how information is handled in lending.
Controller versus processor
The controller decides why and how personal data is used. A processor acts on the controller's instructions, often providing a specific service such as identity verification, payment handling or document storage.
- The controller sets the purpose; the processor carries out the task.
- Processors are bound by agreements to protect the data they handle.
- Both have duties under UK data-protection rules.
Why this matters in business lending
When you deal with a lender, some information may be handled by trusted service providers acting as processors, for example to verify details or process payments. Understanding the roles helps you see who is responsible for what.
Credicorp deals with UK limited companies and LLPs, and the personal data involved is usually that of directors or contacts. How your information is used, and who may process it on our behalf, is explained in our privacy information. If you have a data question, our team can point you to the right detail.
See also: Who is the data controller for my information?, Glossary: what is a data controller?, What is a debenture?.