Regulatory Alerts2019-10-29
Added · Updated
Consumer Protection Measures of Authorized Institutions in respect of Open Application Programming Interface Framework
The Hong Kong Monetary Authority issued this circular to establish consumer protection measures for authorized institutions implementing open application programming interface frameworks. The document outlines specific conduct requirements and safeguards to ensure the security and integrity of customer data and transactions within the open API ecosystem. It mandates that authorized institutions adhere to strict operational standards to mitigate risks associated with third-party integrations and digital service delivery.
Topics
consumer
open-banking
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