All posts tagged "credit data"
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178ChinaPBOC Finalises Rules for Credit Reporting Businesses
The 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, 2021 -
227ChinaAnt Group’s Huabei Starts Reporting Credit Data to PBOC Database
The 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, 2021 -
166Fintech / RegtechS. 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 -
210Fintech / Regtech
S. Korea: MyData Launch to be Delayed for More Testing
The Covid-19 pandemic and a lack of IT engineers are said to be stalling system development and API testing.
July 17, 2021 -
130China
Ant Group In Talks to Share Credit Data with SOEs
The plan may resolve the PBOC's long-standing concerns about a lack of visibility into the country’s consumer debt market.
June 28, 2021 -
194Fintech / RegtechFSC Korea Set to Grant First Insurance Firms MyData Licences
The granting of licences to insurance companies is expected to help diversify the service areas covered by the MyData platform.
June 27, 2021 -
234Fintech / RegtechS. Korea: Internet Banks to Boost Low Credit Score Lending
Internet-only banks will expand lending to mid to low credit borrowers to at least 30 percent of total lending by end-2023.
May 30, 2021 -
185Korea
Korea Offers Additional Support to SMEs, Low-Rated Corporates
The FSC has announced additional support for SMEs, low-rated companies, and corporate bond and CP issuers.
May 11, 2021 -
345Fintech / Regtech
FSC Korea Issues ‘MyData Services’ Guidelines Ahead of August Launch
The guidelines require participating firms to ensure consumers have sufficient awareness of their privacy rights when consenting to data transfers.
February 27, 2021 -
233Australia & NZAustralia Passes Mandatory Comprehensive Credit Reporting Bill
Banks will have to report expanded information about the credit history of their customers to credit agencies, paving the way for more competition in the lending market.
February 8, 2021
