All posts tagged "Data Privacy"
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793EnforcementSFC Considers Easing Data Storage Rules – Report
Industry bodies are reportedly working with the SFC to clarify the rules and make compliance easier, though it is unclear what specific steps it will take to ease the requirements.
March 11, 2020 -
1.2KHong KongHong Kong Considers Reforms to Data Privacy Laws
Key recommendations include higher penalties for breaches, mandatory data breach notifications, and a requirement for clear personal data retention policies.
February 12, 2020 -
725FeatureHKMA Publishes Report on AI Adoption by Hong Kong Banks
The lack of employees with AI expertise was cited by 70% of respondents as the top barrier to AI adoption, according to a survey.
December 24, 2019 -
360AML / KYCIndia Shows How Policy Can Solve Financial Inclusion: BIS Paper
The paper highlights India's Aadhaar programme, which promotes financial inclusion, offers more robust AML/CFT checks, and has led to the creation of several innovative and interoperable digital platforms.
December 19, 2019 -
413AML / KYCSWIFT Opens KYC Registry to Corporate Groups
Enabling corporate groups on the KYC Registry allows them to improve how their KYC data is structured, while freeing up their banking partners from having to chase down documentation.
December 16, 2019 -
1.9KAsia-PacificData Privacy in Asia Pacific: A Fragmented Landscape
Asia's data privacy frameworks remain highly fragmented. But companies cannot be complacent about more onerous laws in other jurisdictions, says Sarah Pearce at international law firm Paul Hastings.
December 10, 2019 -
839ChinaChina to Increase Oversight Over Banking & Finance Mobile Apps
The National Internet Finance Association has launched a 23-firm pilot scheme to address concerns around risks to user privacy from financial institutions' mobile apps.
December 6, 2019 -
807Fintech / RegtechBCBS Examines Evolution, Risks of Open Banking
While open banking has the potential to transform banking services and bank business models, greater attention must be paid to the risks that come with increased data sharing.
November 20, 2019 -
513Australia & NZFMA New Zealand Apologises for Privacy Breach
The FMA identified 27 instances where complaints documents were accessed by internet searches through a portal on its website. Of these, 6 contained personal information.
November 9, 2019 -
1.3KFintech / Regtech
HKMA Emphasises Consumer Protection in Big Data Analytics, AI Use
New HKMA guidance for banks using big data analytics and AI applications focuses on four major areas: governance and accountability; fairness; transparency and disclosure; and data privacy and protection.
November 6, 2019
