Displaying items by tag: Open banking

Ireland-based global fintech Priviti has launched in Australia as the country prepares for the imposition of new Open Banking legislation and the Consumer Data Right which require major banks to make data on credit and debit card, deposit and transaction accounts available by July 2019 and mortgages by February 2020.

Published in Data

A survey of 2000 Australian consumers has shown that Australian banks enjoy a level of trust above that granted by other organisations, with the result that open banking, when it arrives next year, is set to see data sharing between banks, rather than between banks and third parties.

Published in Data
Monday, 13 August 2018 15:09

Open Banking isn't a one-way street

Open Banking is sometimes positioned as a lever that new entrants can use to take market share away from established players such as the Big Four banks. But it could also be used by incumbents to improve their customer relationships.

Published in Data

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