All posts tagged "credit information"
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835ChinaPBOC Fines BEA China Unit Over Data Collection Violation
Reports 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, 2022 -
762Fintech / RegtechFSC to Enable Greater Access to Data Convergence Services
Rule changes will enable smaller firms with no data samples of their own to access anonymised data originating from other businesses.
January 11, 2022 -
708Hong KongHKMA Sets Targets for Launch of New Credit Reference Platform
The 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, 2021 -
205IndiaRBI Orders Banks to Report Data on Borrower Relationships
The RBI said it has observed "a low level of relationship segment details" in the databases of credit information companies.
October 27, 2021 -
265ChinaChina Sets Timelines for Fintechs to Complete Restructuring
The affected fintechs have until end-2021 to restructure their financial services businesses, and until end-2022 to clean up their credit reporting businesses.
July 21, 2021 -
150KoreaFSC Korea Grants Initial Nod for New Credit Rating Businesses
The granting of new credit information business licences is expected to facilitate the introduction of new models for credit evaluation.
July 15, 2021 -
362China
PBOC to Enhance Data Protection Rules in Credit Reporting Industry
The 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, 2021 -
569China
China Launches Upgraded Credit Reference System
The new system covers 5 years of financial records, compared to 2 previously, including information on borrowers' employment status, co-borrowing records, and utility payment history.
January 20, 2020 -
566China
PBOC Privately Solicits Bank Feedback on Customer Data Protection
Draft measures on personal financial data protection have reportedly been issued to some banks as part of the PBOC's consultation process.
October 16, 2019 -
728Fintech / RegtechFSC Korea to Provide Funding Support to Fintechs
FSC chairman Eun Sung-soo told fintech executives that a 300 billion won fund will be set up to invest in the sector and regulations will be eased to promote fintech development.
September 19, 2019
