All posts tagged "MyData"
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9Fintech / RegtechFSC Korea Issues ‘MyData Services’ Guidelines Ahead of August Launch
The guidelines require participating firms to ensure consumers have sufficient awareness of their privacy rights when consenting to data transfers.
February 27, 2021 -
365Fintech / RegtechFSC Korea Expands Open Banking Access, Grants ‘MyData’ Licences
"With more types of financial institutions joining the open banking system, it will help promote competition and improve consumer convenience," the FSC said.
December 23, 2020 -
1.2KFintech / Regtech
Korean MyData Industry ‘The First of its Kind’, says FSC Vice Chair
The FSC's Doh Kyu-sang says 35 entities are currently under review to receive preliminary licences to participate in the MyData ecosystem.
November 16, 2020 -
1.3KFintech / Regtech
FSC Korea Opens Applications for New MyData Licences
MyData businesses will allow financial firms and fintechs to offer financial advice to customers using the data they make available through the MyData platform.
July 14, 2020 -
656Fintech / Regtech
FSC Korea Outlines Key Policy Tasks for H2 2020
The measures include continued support for businesses and individuals, with some focus being diverted back to pre-Covid policy work to support innovation and data-driven initiatives.
June 15, 2020 -
1.2KFintech / Regtech
FSC Korea to Assess Demand for New MyData Licences
Financial firms and fintechs approved by the FSC will be able to make financial product recommendations and offer financial advisory services on the new MyData platform.
May 14, 2020 -
1.3KFintech / Regtech
FSC Korea Unveils Policy Initiatives to Promote Fintech, Digital Finance
South Korea's FSC has announced new policy measures in five key areas to promote fintech and digital finance, and establish a stronger foundation for financial sector innovation.
February 27, 2020 -
533Fintech / Regtech
FSC Korea Outlines Ten Policy Measures Targeting Innovation
The policy tasks include measures to direct capital to SMEs and innovative startups, and promote inclusive finance, fintech and open banking.
February 19, 2020 -
510Fintech / Regtech
S. Korea FSC to Educate Market New Data Usage Rules
Pseudonymised personal information may be used without customer consent for statistical, industry research and public documentation purposes.
February 17, 2020 -
955Feature
S. Korea Passes Bills Enabling Commercialisation of Data
The bills allow the commercial use of unidentified individuals without seeking their consent. A new data exchange will be launched in March.
January 13, 2020
