All posts tagged "Customer Data"
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658AML / 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 -
529Asia-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 -
138IndiaRBI 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 -
188AML / 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 -
122IndiaRBI 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 -
363AML / 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 -
282Japan
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 -
225Fintech / 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 -
140EnforcementHong Kong Court Jails Former CCB Asia Sales Representative
A CCB Asia sales executive secured a loan for a customer whose data was obtained from a DBS sales executive in exchange for a commission.
May 13, 2021 -
296Australia & NZPandemic Provides Key Lessons on Outsourcing Risk: APRA
Speaking at a virtual event hosted by GARP, APRA’s Sean Carmody said the pandemic highlighted financial industry dependencies on certain third-party providers.
February 25, 2021
