Australian banking group Westpac has announced that peer-to-peer lending platform SocietyOne is the second partner to join its new digital banking-as-a-service platform.
Australia's self-described first "smartbank", built for smartphones, is 86 400, and it has announced it "will join the NAB family, accelerating innovation in the industry and creating a smart digital bank committed to helping all Australians take control of their money."
Changes to the Consumer Data Right (CDR) rules will allow more businesses to share their banking data with accredited recipients.
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