The framework promotes consent-driven data portability, interoperability, and collaborative partnerships between FIs and fintech players, the BSP said.
June 24, 2021A new information sheet provides guidance on ongoing fee arrangements, fee disclosure statements, and ongoing fee consents.
June 17, 2021Companies will reportedly also have to disclose how data management rules in foreign countries differ from those in Japan.
May 29, 2021Video-based KYC can be used for onboarding individual customers, business owners, and authorised signatories and beneficial owners of legal entities.
May 18, 2021The HKMA has adjusted the scope of the regime, shortened the record retention requirement, and lengthened the time allowed to respond to an MRC request.
May 5, 2021MAS will seek to build a consortium of countries to explore the potential of digital infrastructure for cross-border use.
April 27, 2021The enhanced PDPA introduces mandatory data breach notification, criminal penalties for mishandling data, and a higher cap on penalties for breaches by large organisations.
February 8, 2021The 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.
January 14, 2021Following the launch of the first phase in September 2019, the second phase of open banking will involve the exchange of customer data.
January 11, 2021The amendments will encourage CDR participation by expanding its benefits to more businesses, including companies and partnerships, the ACCC said.
December 30, 2020