All posts tagged "Customer Data"
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214Australia & 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 -
235EnforcementFive HK Bankers Charged for Misusing Customer Data to Sell Loans
Former DBS staffers accepted illegal commissions to obtain confidential customer data for use by sales staff in promoting personal loan business.
January 27, 2021 -
206ChinaPBOC 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 -
479Fintech / RegtechTaiwan FSC Approves Banks for Second Phase of Open Banking
Following the launch of the first phase in September 2019, the second phase of open banking will involve the exchange of customer data.
January 11, 2021 -
691FeatureMAS Consults on Proposed Notices for Outsourced Services
Banks' outsourcing agreements must include terms that grant MAS the right to audit the outsourced arrangement and obtain information from the service provider.
December 21, 2020 -
265Fintech / RegtechJapan FSA to Allow Banks Use Customer Data for Targeted Ads
The FSA will reportedly allow local banks to use their customers’ data for targeted advertising and sales activities.
December 16, 2020 -
1.4KAML / KYC
China Issues AML/CTF Guidelines for Microfinance Institutions
The guidelines take immediate effect and are require microfinance institutions to report any transaction worth more than CNY 50,000 within 5 working days.
October 27, 2020 -
1.3KFintech / RegtechFSB Calls on Authorities to Regulate BigTech in Financial Services
Where financial services activities are undertaken by new types of actors, such as BigTech firms, the principle of ‘same risk-same regulation’ should apply, the report says.
October 13, 2020 -
653Capital RegulationCBIRC Raises Leverage Limits for Microfinance Companies
Microfinance companies can issue standardised debts such as bonds and ABS products up to 4 times net assets, compared to 0.5 to 3 times net capital previously.
September 21, 2020 -
1.2KChina
CBIRC Steps Up Efforts to Control Risks in Internet Finance
Regulators are working to include internet lending in credit reference systems, and to make it easier to jointly punish dishonest borrowers.
September 17, 2020
