News Africa14 Dec 2020

South Africa:Regulator issues consultation paper on data sharing among financial service providers

| 14 Dec 2020

The Financial Sector Conduct Authority (FSCA) has published its research report and consultation paper on Open Finance, a framework to allow consumers and companies to access their financial data created on financial service providers' (FSPs) platforms and have the right to share that data with other FSPs, provided there is explicit and informed customer consent.

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