Hong Kong official Christopher Hui says regulations for banks and money lenders on providing unsecured credit already cover BNPL services.
June 5, 2022Reports say other fines may be made public in the near future for violations of new rules that prohibit the over-collection and misuse of credit information.
January 18, 2022More entities will become eligible to tap credit information disseminated by CICs, which observers say will benefit digital lenders and neobanks.
January 7, 2022The new platform will serve as an interface for credit providers and CRAs to share credit data, as Hong Kong prepares to introduce additional CRAs in the city.
December 20, 2021Moody's Analytics datasets include economic data, credit data, financial data, real estate data, financial data, entity data, ESG data and more.
December 10, 202117 FIs and fintechs are piloting the API-based MyData service starting today (1 December), ahead of a full launch on 1 January.
December 1, 2021Consumers must give consent for their credit data to be shared with the PBOC to use Ant Group's lending services.
November 30, 2021The rules say the collection of credit information should “not be excessive" and subject to consent and information security requirements. Cross-border use is allowed.
October 7, 2021The data-sharing arrangement is part of the rectification measures ordered by financial regulators to break Ant Group's “information monopoly” over data collection.
September 24, 2021The revised guidelines enhance consumer data protections. MyData businesses will begin offering services via standardised APIs from 1 December 2021.
August 5, 2021