AI, Technology & Data

Data Privacy

30 Firms Reprimanded Over Data Privacy Violations in Guangdong

By Editors | 16/01/2021

The Guangdong Communications Administration ordered 30 firms including banks and securities firms to fix the breaches and revamp their mobile phone apps.

Cybersecurity

Covid-19 Has Changed the Cyber Threat Landscape: BIS

By Manesh Samtani | 15/01/2021

During the pandemic, there was a strong link between the prevalence of work-from-home arrangements and the incidence of cyber attacks, particularly at financial institutions.

Credit Risk

Chinese Regulators to Force Ant, Tencent to Share Borrower Data

By Editors | 14/01/2021

Ant Group affiliate Alibaba and Tencent have so far been resistant to sharing their loan data with credit databases such as Baihang.

Data Privacy

PBOC to Enhance Data Protection Rules in Credit Reporting Industry

By Editors | 14/01/2021

The PBOC is looking to address inadequate protection of customer data in the credit reporting industry, explicitly prohibiting the abuse of personal and corporate credit information.

Data Privacy

RBI to Explore New Regulatory Approach to Digital Lenders

By Editors | 14/01/2021

A new working group has been formed to study the risks of digital lending activities and recommend regulatory changes to enhance consumer protection and data security.

Cybersecurity

ORX Launches Central Hub to Facilitate Cyber Risk Management

By Editors | 12/01/2021

The central hub allows cyber and information security risk management professionals to collaborate, exchange ideas and learn from each other’s practices.

Cybersecurity

RBNZ Data System Illegally Accessed by Malicious Attacker

By Editors | 10/01/2021

Commercially and personally sensitive information may have been accessed by malicious attackers who accessed a third-party file-sharing service used by the RBNZ.

Data Privacy

Taiwan FSC Approves Banks for Second Phase of Open Banking

By Editors | 10/01/2021

Following the launch of the first phase in September 2019, the second phase of open banking will involve the exchange of customer data.

AI Risk & Governance

AI is Bringing a Generational Change to the RegTech Industry

By Lukas Petrikas | 07/01/2021

Artificial intelligence can bring a generational change to the RegTech industry as it strengthens and enhances regulatory and supervisory capabilities, says HKEX’s Lukas Petrikas.