Race on for advisers to reap open banking benefits
Now that the banking Consumer Data Right kick-off date has passed, advisers are getting their head around the tangible benefits of the technology.
One year on from licence and 86 400 accelerates beyond everyday banking
Australia’s first smartbank, 86 400, is entering its next phase of growth as it completes its rollout of everyday banking products and features.
Heritage Bank brings Apple Pay to customers
Heritage Bank brings its customers Apple Pay, a safer, more secure and private way to pay that avoids handing their card over, using buttons or cash.
Australian FinTech company profile #94 – Sandstone Technology
Sandstone Technology transforms banking experiences by delivering innovative banking solutions to help their customers grow their business.
Open banking’s first loan approved
Leading Australian fintech company Basiq has worked with Regional Australia Bank to have the first loan approved under open banking.
Open banking and consumer data rights threaten to un-stick the big bank’s customers
The Federal Government has passed Consumer Data Right (CDR) laws last year creating a general right for consumers to control their data.
Open banking’s two approved players
Upon open banking’s launch this week, there were just two official ADRs: leading fintech company Frollo, and customer-owned bank, Regional Australia Bank.
Banks embrace data sharing “milestone”
Australian Banking Association CEO Anna Bligh said that sharing of data is a “watershed moment for competition in the banking industry”.
