All posts tagged "data sharing"
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1.1KAML / KYCTaiwan FSC Issues New Data Sharing Guidelines for FIs
Data may be shared between FIs, subject to consent, if it can enhance customer convenience, improve operations, or facilitate cooperative business arrangements or partnerships.
January 3, 2022 -
846Australia & NZAustralian Treasury Confirms Plans to Expand Consumer Data Right
Action initiation functionality will be applied first in the banking sector to enable the development of new, competitive and consumer-focused payment services.
December 23, 2021 -
310InternationalFSB Explores Impact of Data Regulation on Cross-border Payments
The FSB seeks to better understand how data requirements relating to privacy, security, storage, sharing and retention impact cross-border payments.
December 14, 2021 -
318Australia & NZACCC to Launch CDR Sandbox to Support Innovation
The sandbox aims to help current and prospective CDR participants build and test their solutions faster, and improve accuracy and quality.
December 1, 2021 -
603FeatureHKMA Restricts Data Sharing for Direct Marketing Purposes
Banks may not share customers' personal data with third parties including their own group companies for direct marketing purposes.
November 23, 2021 -
314Australia & NZAustralia Open Banking Regime Reaches New Milestone
Major banks can enable data sharing for corporate customers and business partnerships. Non-major banks face enforcement action for non-compliance with their data sharing obligations.
November 7, 2021 -
215Australia & NZACCC Accredits Westpac as Data Recipient Under CDR
ADRs are allowed to receive information from other data holders and offer products and services under the consumer data right regime.
October 11, 2021 -
301Big Picture
Data Gaps Initiative to Extend Past 2021: FSB, IMF
A new international cooperation initiative on data gaps will be needed after the DGI concludes. Some phase 2 recommendations may not yet be complete by year-end.
October 8, 2021 -
243Australia & NZ
Australia Finalises CDR Rule Changes to Increase Participation
The amendments allow accredited data recipients to sponsor other parties to become accredited or allow them to operate as representatives.
October 7, 2021 -
345Big PictureEntity-based Regulation Needed to Address Bigtech Risks: BIS
China's financial holding company regime represents a novel entity-based regulatory approach for big techs, says a new BIS research paper.
September 30, 2021
