Generic product data via APIs kick off the first tranche of Australia’s Consumer Data Right. The first iteration of Australia’s Consumer Data…
June 2019
- International Initiatives
International: How to build an enviable open-banking system
by Site Adminby Site AdminAs fintech reshapes how we bank, Canadians need a flexible framework that builds consumer trust without thwarting innovation. Canada has a strong,…
- International Initiatives
PulseNews: S. Korea aims to launch open banking system in December
by Site Adminby Site AdminSouth Korea will officially adopt an open banking system, which is expected to bring big changes to the country’s banking industry and…
- International Initiatives
International: Senate of Canada pushes for open banking as Canadians worry about their personal data: report
by Site Adminby Site AdminSixty-four percent of Canadians strongly disagree that a company should be able to share their personal information for a purpose other than…
- Industry News
SMH: No immediate impact: Open banking may not give small businesses boost
by Site Adminby Site AdminOpen banking may have the power to bolster competition on banking products and lending, though experts say small businesses will be unlikely…
- FinTech NewsIndustry News
AFR: Neobank unicorn Revolut launches in Australia
by Site Adminby Site AdminLondon-based neobanking unicorn Revolut will start switching on its digital wallet from Thursday for Australian customers, an indication the fight to win…
- Government NewsIndustry News
AFR: Government pushes big four to hit open-banking deadlines
by Site Adminby Site AdminFederal Treasury has told the major banks it expects them to be ready by February to share customer data with third parties under the government’s open banking regime, forcing them to scramble after progress slowed when the banks figured Labor would win the election and scuttle the regime.
The ACCC intends to conduct public consultation on the CDR Register. Questions or comments that participants might ask us via email or…