All posts tagged "Data Protection"
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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 -
357Fintech / RegtechS. Korea to Launch Financial Data Exchange in March
The exchange will match buyers and sellers of financial data and facilitate the use of big data analytics to improve product development in the financial industry.
January 22, 2020 -
1.8KEuropeEBA Details Roll-out Challenges of Big Data, Advanced Analytics
The EBA has identified four key pillars necessary to support the rollout of advanced analytics in the banking sector, along with a set of ‘elements of trust’.
January 16, 2020 -
1.2KChinaChina to Enhance Regulatory System for Fintech Development
The PBOC is looking to enhance its digital supervision capabilities and improve risk governance in fintech development across the financial sector.
January 9, 2020 -
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 -
335Australia & NZAustralia Reintroduces Mandatory Comprehensive Credit Reporting Bill
The revised Bill introduces a new category of credit reporting information, enabling hardship information to be reported alongside repayment history.
December 9, 2019 -
442AML / KYC
India’s Cabinet Approves Personal Data Protection Bill
Under the bill, major violations of data privacy norms can be penalised with jail terms, or monetary fines up to 150 million rupees or 4% of a company's worldwide turnover, whichever is higher.
December 6, 2019 -
848Fintech / Regtech
Korea Announces New Measures to Boost Fintech Development
Among other measures, the FSC said that it would promote the use of regulatory sandboxes to produce at least 100 cases of innovative financial services by March 2020.
December 5, 2019 -
514Australia & 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 / RegtechHKMA 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
