The BOT will create common standards, an accreditation process, and a consent-based mechanism to allow financial service providers to share consumer data.
December 5, 2023The new paper analyses the potential impacts of data sharing frameworks in the financial sector and provides recommendations for their implementation.
November 28, 2023The first phase of the IADS initiative will be for corporate customers. The HKMA hopes to progressively extend it to retail bank accounts from June 2024 onwards.
November 2, 2023The RBI said some NBFCs enrolled only to access financial information from other firms without sharing their own financial information.
October 31, 2023The two sides agreed to establish an export controls dialogue mechanism and to set up a new working group on financial regulation, among other measures.
September 27, 2023The Consumer Data Right regime will apply to the non-bank lending sector in stages, starting from 1 November 2024.
August 31, 2023The HKMA will take "proactive steps" to assist banks, brokers and insurers to "put fintech solutions into action".
August 28, 2023The first roadmap issued in 2020 has helped to shape a "friendly" fintech ecosystem and improve financial services, the FSC said.
August 17, 2023The Interbank Account Data Sharing Initiative will enable banks to share bank account data with other banks, subject to customer consent.
August 16, 2023The Advisory Board agreed to develop a naming convention for scams that will underpin the data sharing and analytics needed to disrupt scams.
July 24, 2023