All posts tagged "Open Banking"
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527Fintech / RegtechSouth Korea to Debut Open Banking in December
Following two months of industry deliberation, the FSC has said the new open banking system will be piloted in October, and fully implemented in December.
April 17, 2019 -
420Australia & NZACCC Publishes Draft Rules for Open Banking Data Sharing
The draft rules provide detail and guidance as to how the Consumer Data Right will work in the banking sector starting in July this year.
April 9, 2019 -
874Big PictureHong Kong Consumers Willing to Share Personal Data – Accenture
Although 60% of Hong Kong consumers say they are very cautious about data privacy, more than half are willing to share significant personal data for lower pricing on financial services.
March 25, 2019 -
638Big Picture
S. Korea FSC Unveils 2019 Financial Policy Roadmap
Highlights will include measures to accelerate financial innovation, approve online-only banks, launch a regulatory sandbox, and strengthen consumer and investor protection.
March 8, 2019 -
1.1KFeature
UPDATED – S. Korea to Boost Fintech Development with Open Banking
The FSC plans to make banking APIs more open, accessible and cost-efficient so all nonbank fintech players can access Korea's payment network.
February 26, 2019 -
512Fintech / RegtechBigTechs, Outsourced Services Pose Financial System Risk – FSB
The FSB warns that BigTechs can achieve scale in finance very quickly, raising competitive pressures on incumbents. Rising dependencies on third-party services also present risks.
February 15, 2019 -
452Australia & NZASIC Consults on Updates to Responsible Lending Guidance
ASIC's existing guidance allows a tailored approach to applying responsible lending obligations, but licensees may be applying them where the law does not require it.
February 14, 2019 -
1.2KFeatureHong Kong Gets First API Exchange Platform in Open Banking Push
JETCO launches the city's first Open API exchange; New Accenture survey indicates willingness of Hong Kong consumers to share personal financial information with third parties.
January 17, 2019 -
475Asia-PacificMalaysia Issues Policy Standards for Open Data APIs
A new central bank policy document outlines recommendations for financial institutions developing and publishing Open Data APIs.
January 8, 2019 -
7731Australia & NZNAB to Migrate Core Banking Systems to Cloud
National Australia Bank plans to migrate more than 300 applications, including some core banking systems, to a public cloud by the end of 2019.
December 12, 2018
