All posts tagged "Customer Data"
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1.9KBig PictureHong Kong Making Slow Progress on Open Banking: S&P
S&P Global Ratings says Hong Kong’s approach to open banking makes it hard for third-party service providers to participate, limiting the potential of the new digital ecosystem.
October 3, 2019 -
302InternationalFMSB Issues Good Practice Statements on Information Confidentiality
The FICC Markets Standards Board offers guidance to help fixed income and commodities market participants understand what information can be shared, internally and otherwise.
October 3, 2019 -
479ChinaTencent, Alibaba Refuse to Share Data to National Credit Database
Tencent Credit and Alibaba’s Sesame Credit hold more customer data than any of their online lending peers, but they are not providing the data to the national credit database.
September 20, 2019 -
1.1KMarket InfrastructureMAS Mandates Baseline Requirements on Cyber Hygiene
The legally binding cyber hygiene requirements must be implemented by all MAS regulated financial institutions by 6 August 2020.
August 7, 2019 -
727Fintech / RegtechHKMA Reports on Open API Implementation Progress
Phase I Open APIs provide information on banking products and services. Phase II will allow banks to process applications for such products and services by end-October.
August 1, 2019 -
1.1KAustralia & NZAustralia: Consumer Data Right Legislation Could Delay Open Banking
The Consumer Data Right Bill is needed for banks to be able to transfer their customers' personal data to another institution, a cornerstone of the open banking initiative.
July 5, 2019 -
662Asia-PacificPhilippines: Online Lenders to Adopt Code of Conduct
The pledge comes after 48 online lenders were cited for using customers’ personal data to publicly shame people who did not settle their debts on time.
June 8, 2019 -
2.5KAML / KYC
MAS Renews Call for Use of Data Analytics in AML/CFT Programmes
MAS has renewed calls for financial institutions to further develop their data analytics capabilities in the interest of improving the effectiveness of their AML/CFT programmes.
April 9, 2019 -
1.1KContributed ArticleGDPR and Hong Kong’s PDPO: Are They So Different?
Hong Kong’s data privacy ordinance is conceptually similar to GDPR, but perhaps with ‘smaller teeth’, say Peter Lancos and Jennifer Boyse at Exate Technology.
November 6, 2018 -
430Australia & NZOpen Banking: Aussie Banks to Share Customer Data Starting in 2019
The Australian government is set to mandate Open Banking, requiring banks to provide data to other service providers to help customers compare banking service costs.
May 14, 2018
