All posts tagged "Customer Data"
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399FeatureHKMA Issues Guidance on Customer Data Protection
The guidance highlights the need for banks to put in place effective data governance frameworks and control measures to protect their customer data.
April 5, 2022 -
557ChinaCBIRC Targets Disorderly Expansion of Credit Card Market
Under new draft rules, banks are required to reduce interest and fee charges, prevent excessive credit usage, and better control credit risk in card operations.
January 3, 2022 -
1.1KAsia-PacificCBSL Issues Technology Risk Management Rules for Banks
The rules require banks to establish an Information Security Committee, chaired by the CEO, to assess the strategic and operational management of the technology risk.
December 28, 2021 -
2.4KAML / KYCFATF Report Highlights Opportunities for Japan’s FIs
Matthew Field discusses how Japan's FIs can enhance the maturity of their AML programmes through a data-driven approach that places the customer entity in focus.
September 24, 2021 -
949Asia-PacificOJK Indonesia Introduces Digital Banking Framework
Digital banks should have a minimum paid-up capital of IDR 10 trillion (USD 694 million). However, the capital deposit required at the time of application is IDR 3 trillion.
August 23, 2021 -
251IndiaRBI Says Only Visa Complies With Data Localisation Rules
Visa is the only foreign card network that complies with requirements for financial data on Indian customers to be stored locally, the RBI says.
August 19, 2021 -
322AML / KYCBSP to Finalise Members of Open Finance Body This Year
The open finance oversight committee which will formulate standards for consent-based data sharing will include representation from across the financial industry.
August 10, 2021 -
268IndiaRBI Issues Outsourcing Framework for Payment System Operators
Payment system operators may not outsource core management functions such as risk management, internal audit and KYC compliance.
August 5, 2021 -
605AML / KYCFATF Examines Collaborative Analytics and the Need for Privacy
An AML risk information sharing platform in trial operation in China allows FIs to check whether a customer is labelled high risk by other FIs without any customer data being exchanged.
July 6, 2021 -
581Japan
Japan to Remove Firewall Between Banking, Securities Operations
The FSA is reportedly working on rule changes that would allow banks and securities firms within the same group to share customer data.
June 5, 2021
