Regulatory Alerts2023-05-10
Added · Updated
Regtech Adoption Practice Guide Ninth Issue: Customer Data and Privacy
The Hong Kong Monetary Authority issued this guide to help Authorized Institutions adopt Regtech solutions for managing customer data protection and privacy risks. It outlines key challenges such as fragmented data and regulatory divergence, while detailing how automation can improve compliance efficiency and reduce human error. The document provides implementation guidance on operating models and risk assessments, alongside a use case for automating privacy controls against evolving regulations.
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