australia open banking

Jul

Can Australia revive its open banking initiative?

We remember when Australia first kicked off its open banking initiative, known as the “consumer data right,” with much fanfare five years ago. The program was supposed to increase the quality of banking services to consumers by giving them access – in theory – to more of a customized experience…

Jul

Asia Banking Research

Australia enters open banking era

Australia launched its open banking regime on July 1, ushering in an era of increased competition and customer choice. The regime allows a customer of any of Australia’s Big Four banks – National Australia Bank, Commonwealth Bank, Australia and New Zealand Banking Group and Westpac – to ask that their…

Feb

Fintech Research

2020 Top Ten Asia Fintech Trends #5: Australia gets ready for open banking

Australia has been among the most proactive APAC countries in its approach to open banking, dovetailing with a broader focus on boosting consumer choice and protecting consumers. While not exactly unhappy with incumbents, Australian consumers would like better native digital options. Regulators, meanwhile, want to see improved compliance. The findings of the Financial Services Royal…

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australia open banking