All posts tagged "data sharing"
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526Australia & NZACCC Delays Open Banking Launch for More Testing
Under the new timeline, consumers can direct the major banks to share credit and debit card, deposit and transaction data from July 2020, and mortgage and personal loan data from November 2020.
December 20, 2019 -
315AML / 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 -
397AML / KYCIndia’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 -
416AML / KYCUPDATED – Westpac Announces Plan to Address AML/CTF Failings
Westpac is determined to urgently fix the issues raised by AUSTRAC and lift its standards. ASIC and APRA have begun investigations into the bank.
November 26, 2019 -
702Fintech / 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 -
333InternationalFSB, IMF Report Progress on G20 Data Gaps Initiative
The report notes that China is one of the countries that has outstanding issues with removing barriers to full trade reporting and access to trade repository data.
October 14, 2019 -
2.2KBig PictureHong Kong Making Slow Progress on Open Banking: S&P
S&P Global Ratings says Hong Kong’s approach to open banking makes it hard for third-party service providers to participate, limiting the potential of the new digital ecosystem.
October 3, 2019 -
396Australia & NZ
ACCC Selects Ten Firms to Test Open Banking Data-Sharing
The ten companies will work with Australia’s big four banks to test the data-sharing ecosystem through open banking APIs in the lead up to open banking’s official launch in February.
October 2, 2019 -
1.7KContributed ArticleBig Data: Who’s Writing the Rules of the Game?
A recent whitepaper commissioned by Deutsche Bank looks at the need for effective regulations for cross-border data sharing and the ethical use of artificial intelligence.
September 17, 2019 -
594Australia & NZACCC Invites Firms to Test Open Banking Data Sharing
The ACCC is seeking participants to help it test the data-sharing ecosystem under the consumer data right, which was passed into law earlier this month.
August 27, 2019
