On 01 March 2022, the Securities and Exchange Commission (SEC) issued Memorandum Circular No. 3, series of 2022 on the implementation of the ceiling on interest rates and other fees charged by Lending Companies (LCs), Financing Companies (FCs) and their Online Lending Platforms. In a nutshell, this circular puts a cap on the interests and …
Interest Cap on Loans Offered by Lending and Financing Companies Read More »
On 01 March 2022, the Bangko Sentral ng Pilipinas (BSP) has issued Circular No. 1138 on the Regulatory Reporting Standards for Operators of Payment System (OPS). The said circular prescribes the following: Implementation of Reporting Standards – The BSP mandates that the reports to be submitted must be accurate, complete and timely. In order to …
11 March 2022 Data privacy is one of the major concerns of compliance, especially in the digital financial sector, where the processing of personal data of its customers is its main ingredient in the development and operation of their respective applications. However, in the design and development of these fintech applications, data privacy is oftentimes …
THE VALUE OF DATA PRIVACY BY DESIGN IN THE FINTECH INDUSTRY Read More »
