The total number of open banking users who share data via open banking APIs to aggregate their bank accounts and access new services, is forecast to double by 2021, according to a new global research report.
The ACCC has provided a second, conditional, interim authorisation for the Australian Banking Association (ABA) and banks to co-operate to provide supplementary relief packages for individuals and businesses affected by COVID-19.
The total number of digital banking users globally will exceed 3.6 billion by 2024, up from 2.4 billion in 2020, a 54% increase, with growth driven by the rise of digital-only banks and the ongoing focus on digital transformation by established bank brands, according to a newly published study.
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