The BOT will create common standards, an accreditation process, and a consent-based mechanism to allow financial service providers to share consumer data.
December 5, 2023Bhutan has become the first sovereign state to implement a comprehensive decentralised digital identity framework.
October 16, 2023The guidelines introduce six guiding principles to serve as the minimum requirements for financial service providers in applying biometric technology.
September 30, 2023The government said the bill strikes "the right balance between achieving fast and convenient identity verification and maintaining strong standards of privacy and security.
September 18, 2023The Consumer Data Right regime will apply to the non-bank lending sector in stages, starting from 1 November 2024.
August 31, 2023The new rules will take effect after a nine-month grace period to allow time for banks to make adjustments to their systems and processes.
August 30, 2023The Interbank Account Data Sharing Initiative will enable banks to share bank account data with other banks, subject to customer consent.
August 16, 2023The law has raised concerns over the excessive powers granted to the government to access private data without consent.
August 11, 2023The PCPD discovered in an investigation that the operator of the TE Credit Reference System put in place deficient security measures.
June 7, 2023Hogan Lovells partners Sherry Gong and Tommy Liu draw lessons from the first case of floor trading of personal data in China.
June 7, 2023