September 2020 IDM Special Edition
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STANDARD BANK TO<br />
LAUNCH INFO PORTAL<br />
With the Protection of Personal Information Act (PoPI) finally<br />
coming into full effect in the next few months the various banks,<br />
credit providers and Debt Counsellors are having to think about<br />
how they will share information about their mutual clients while<br />
sticking to the new laws. Standard Bank has announced that<br />
they have a data sharing portal of their own in development<br />
and that Debt Counsellors will be given access to the portal in<br />
the near future. The portal will be used by more than just Debt<br />
Counsellors of course and will be an integral part of the banks<br />
future info sharing processes.<br />
Debt Counsellors will be able to use the portal to get information<br />
such as: CoBs, Proposals, Termination notice records, Paid up<br />
letters & general info about their clients. They will also be able<br />
to edit (or suggest edits) for some client information (eg. contact<br />
info and address). PoPI is going to present all industries with<br />
challenges and innovative solutions will be needed for those<br />
who regularly share consumer’s private information (such<br />
as Debt Counsellors, attorneys, credit bureaus, Government<br />
offices and credit providers).<br />
To sign up now (in advance) for early access to Standard<br />
Bank’s system for when it goes live, Debt Counsellors<br />
can email the bank with their name and contact info at:<br />
RegulatoryOperationsCommunication@standardbank.co.za
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