The landscape in the banking sector is changing with the introduction of open banking and it could prove advantageous for the smaller players. Open banking was introduced back in August with the promise consumers would have control over the data banks had on them.

Biza.io, thought leaders in Australia’s Open Banking sector, today announced the Beta launch of DataRight.io Lab (https://dataright.io/lab), Australia’s first Consumer Data Right (CDR) Compliant Open Banking Testing Sandbox.

The cloud-based solution, focused on three key themes of Discover, Build and Comply, allows for rapid deployment of many customised environments simulating the CDR, empowering organisations to begin testing their implementations specific to their required use cases.

The Consumer Data Right legislation will facilitate transportation of data. However will it lead to greater competition amongst financial products in Australia?…

Microsoft chief executive Satya Nadella has urged government’s to play a greater role in controlling and protecting the use of citizens’ personal…

Hartzer delivers mother of all apologies, but sits tight. When Westpac chief executive Brian Hartzer fronted Wednesday’s press pack on how the…

Between them, Commbank, ANZ, NAB and Westpac bank almost all² Australian consumers and manage over 80% of all Australian loans⁷. Open Banking legislation…

ANZ has begun incubating new business models outside the traditional banking sector in a new “lab” division to help it fend off…

The Report on open banking and application programming interfaces (APIs) monitors the evolving trend of open banking observed in Basel Committee member…