All posts tagged "consumer data"
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343Asia-PacificOJK Enhances Consumer Protection Rules for FIs
Financial services firms are required to protect consumers and the public during the entire lifecycle of a financial product or service.
May 26, 2022 -
518Fintech / RegtechFSC Korea Bolsters Consumer Safeguards in MyData Licensing System
The FSC will prohibit MyData services providers from buying and selling consumer data, and start conducting post-licensing inspections to ensure adequate protections are in place.
April 15, 2022 -
1.2KFeatureSouth Korean Financial Institutions Launch ‘MyData’ Services
On Wednesday, 33 firms started offering MyData services, enabling consumers to centralise management of their data from different institutions.
January 6, 2022 -
796Feature
S. Korean Financial Sector Launches MyData Services Pilot
17 FIs and fintechs are piloting the API-based MyData service starting today (1 December), ahead of a full launch on 1 January.
December 1, 2021 -
264ChinaCSRC Considers Barring Data-Heavy Firms from Listing Overseas
The CSRC is drafting rules that would prohibit Internet firms holding large amounts of user-related data from listing overseas, targeting firms with VIE structures.
August 31, 2021 -
336Asia-PacificBSP to Roll Out Unified Data Standards for FIs by Year-End
The framework seeks to ensure that all the information obtained by and passed through different digital channels is handled ethically.
August 25, 2021 -
288Fintech / Regtech
S. Korea Sets New MyData Launch Date in Revised Guidelines
The revised guidelines enhance consumer data protections. MyData businesses will begin offering services via standardised APIs from 1 December 2021.
August 5, 2021 -
472Australia & NZAustralia: Mutual Banks Face “Avalanche” of Regulatory Change
A new benchmarking report from GRC Solutions highlights the challenges incoming regulatory requirements are presenting to the mutual banking sector.
July 29, 2021 -
237Australia & NZAustralia Consults on Expansion of CDR to Telecom Sector
Telecommunications will be the third sector to be considered for designation after banking and energy, which were designated in 2019 and 2020.
July 27, 2021 -
274Australia & NZNew Zealand to Establish Consumer Data Right Framework
The government will look to align New Zealand's CDR system with the Australian model, rolling it out on a sector-by-sector basis.
July 12, 2021
