New BIS paper says consent-based data governance systems with low transaction costs are key to promoting the development of virtual banking worldwide.
January 28, 2022The platform is expected to help wealth management companies expand and enhance their product sales channels - especially the WMC units of smaller-scale banks.
January 27, 2022The rules tighten restrictions on internet platform companies investing in financial services firms and ask them to implement capital and leverage ratio requirements.
January 26, 2022The guide will help banks apply Regtech solutions for cyber risk management, including to address risks from container technology and remote working.
January 26, 2022The guidelines support the protection of critical data, while also serving as a reference for companies and authorities to classify and describe their data.
January 26, 2022Data specialising institutions are allowed to converge anonymised and pseudonymised data originating from different businesses for analytics purposes.
January 14, 2022Rule changes will enable smaller firms with no data samples of their own to access anonymised data originating from other businesses.
January 11, 2022The guidelines emphasise the need for appropriate governance, differentiated controls based on the importance of outsourced functions, and awareness of concentration risk.
January 10, 2022On Wednesday, 33 firms started offering MyData services, enabling consumers to centralise management of their data from different institutions.
January 6, 2022The revised fees will take effect from January 2022 and save businesses almost half a trillion won.
December 24, 2021