Regulators must define a “minimum set of data” to be shared between banks that would still “serve the purpose” of fraud detection and prevention, said Michele Gentile, head of group correspondent banking, APAC, UniCredit, at Sibos today.
Consumers in the US will be given the right to instruct their banks to transfer their financial data to other institutions, under new open banking rules devised by the Consumer Financial Protection Bureau.
The Consumer Financial Protection Bureau (CFPB) has announced its suit against Climb Credit and its largest shareholder 1/0 for misrepresenting the quality of its training programmes at partner schools.
The World Wildlife Fund for Nature (WWF) has collaborated with the Taskforce on Nature-related Financial Disclosures (TNFD) to form a global Nature Data Public Facility (NDPF) that will facilitate financial institutions in capturing and collected nature-related data.