All posts tagged "Open Banking"
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256Fintech / RegtechFSC Korea to Provide Funding Support to Fintechs
FSC chairman Eun Sung-soo told fintech executives that a 300 billion won fund will be set up to invest in the sector and regulations will be eased to promote fintech development.
September 19, 2019 -
602Contributed ArticleBig Data: Who’s Writing the Rules of the Game?
A recent whitepaper commissioned by Deutsche Bank looks at the need for effective regulations for cross-border data sharing and the ethical use of artificial intelligence.
September 17, 2019 -
656Australia & NZAustralia Establishes Senate Committee on Fintech, Regtech
The committee will inquire into the opportunities of fintech and regtech, and benchmark Australia’s environment for innovation against comparable global regimes.
September 16, 2019 -
496Australia & NZACCC Invites Firms to Test Open Banking Data Sharing
The ACCC is seeking participants to help it test the data-sharing ecosystem under the consumer data right, which was passed into law earlier this month.
August 27, 2019 -
316Australia & NZ
Australia Passes Consumer Data Right Legislation
The passage of the Consumer Data Right legislation clears the way for open banking to start in Australia in February 2020.
August 2, 2019 -
738FeatureIndia Enables Consent-Based Financial Data Sharing
Four years of collaboration between India's major financial regulators has resulted in a new platform that enables financial services providers to share data with other institutions based explicitly on user consent.
July 26, 2019 -
883Australia & NZ
Australia to Re-Introduce Open Banking Legislation This Week
The Australian Banking Association welcomes the re-introduction of the legislation, following a lapse earlier this year when the federal parliament was dissolved.
July 23, 2019 -
1.4KAustralia & NZOpen Banking, APIs Will Unlock a Host of Opportunities: NPP Australia
A new white paper from NPP Australia provides an overview of developments in other real-time payments markets, including opportunities and challenges for the payments sector.
July 8, 2019 -
1.1KAustralia & NZAustralia: Consumer Data Right Legislation Could Delay Open Banking
The Consumer Data Right Bill is needed for banks to be able to transfer their customers' personal data to another institution, a cornerstone of the open banking initiative.
July 5, 2019 -
573Australia & NZ
Australian Fintechs Says Banks Are Delaying NPP Adoption
Earlier this month, the RBA called for an enforceable sanctions regime and possible financial penalties for participants that do not deliver core NPP capabilities on time.
June 27, 2019
