[Consultation] Review of inquiries related to My Data business partnerships
Article posted in 2021-04-13 14:25:56 | VEAT
Veat Law Firm obtained the main authorization for the MyData business from A, a fintech company, and responded to inquiries regarding the partnership related to the MyData business.
A, as a fintech company that obtained the main authorization for the MyData business (MyData), inquired about ▲the scope of services and credit information that can be provided through partnerships with non-business MyData partners, ▲the possibility of non-business partners receiving services through partnerships with MyData business partners, and ▲the scope of services that MyData business partners can provide.
Therefore, Veat Law Firm reviewed relevant laws, including the “Act on the Promotion and Utilization of Credit Information” (Credit Information Act), and provided opinions regarding these inquiries.
MyData pre-authorization application preparation to MyData main authorization acquisition – comprehensive legal advisory
Veat Law Firm provided comprehensive legal advice from A’s MyData pre-authorization application preparation to MyData main authorization acquisition, and during this process, it conducted legal reviews of documents required for MyData main authorization, company internal regulations (Credit Information Management Guidelines, Personal Information Protection Guidelines, Financial Consumer Protection Guidelines), company organizational matters (Credit Information Management Protector, Compliance Supervision Officer, Audit Required Institution, Financial Consumer Protection Overall Responsibility Officer, Information Protection Highest Responsibility Officer), etc.
If you need advisory support during MyData business operations and fintech business operations, please feel free to contact Veat Law Firm at any time.
Thank you.