All posts tagged "data sharing"
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1.1KAustralia & NZSingapore, Australia Agree to Promote Data Connectivity, Digital Economy
Singapore and Australia have committed to allowing financial institutions to choose where their data is stored and prohibiting data localisation, among a raft of other agreements.
March 23, 2020 -
1.5KBig PictureAI Expected to Become Key Business Driver in Two Years – Survey
The Cambridge Centre for Alternative Finance and World Economic Forum, with support from EY and Invesco, shed light on the evolving landscape of AI-enabled financial services.
February 11, 2020 -
295Australia & NZACCC Publishes Final Data Sharing Rules for Open Banking
The Consumer Data Right Rules give legislative force to consumer requests for banks to share their data with accredited data recipients.
February 6, 2020 -
598Australia & NZ
ACCC 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 -
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 -
444AML / 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 -
576AML / 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 -
810Fintech / 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 -
360InternationalFSB, 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 -
2.4KBig 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
