open banking

Jan
17

Open banking quietly delayed

The much-anticipated launch of open banking in Australia has been quietly delayed by the federal government by eight months. On the last Friday before Christmas, a day typically used to “take out the trash” and make some unfavorable or unpopular announcements, Treasurer Josh Frydenberg put out a statement late in the afternoon revealing that the […]

By Reposted by Australian FinTech | Banking . FinTech
DETAIL
Jan
09

Millions looking to leave major banks

New research has found that over two million Australians are currently seeking new banking providers, with many currently customers at one of the big four. The research produced by Nielsen found that 2.1 million Australians are seeking new providers and 67 per cent of them are currently customers at one of the big four. The […]

By Reposted by Australian FinTech | Banking . FinTech
DETAIL
Dec
18

How businesses will pivot AI strategies to align with human-centric goals

Trends like Digital Transformation, Internet of Things, Blockchain and Artificial Intelligence have beset the tech and finance industries for some time now. But what was now yesterday’s buzzwords will be tomorrow’s reality. The question is, how will these buzzwords evolve into real solutions in 2019? Jayajyoti (JJ) Sengupta, Head of APAC, Cognizant shared his thoughts […]

By Reposted by Australian FinTech | Banking . Blockchain . FinTech
DETAIL
Dec
05

Josh Frydenberg says ‘open banking’ will let customers navigate complexity

Treasurer Josh Frydenberg says growing complexity in financial services has made it tough for customers to compare prices and products but “open banking” will help overcome this by ensuring banks present information in a standardised, simpler way under a policy that aims to facilitate account switching and stir competition. With the government planning to introduce […]

By Reposted by Australian FinTech | Banking . FinTech
DETAIL
Nov
29

Aussie-founded fintech Banked secures $2.7 million in seed funding, to launch open banking data solution

An Aussie-founded fintech, based in London, has secured £1.5 million ($2.66 million) in seed funding, while it’s still pre-product, pre-revenue, and less than a year old. Founded in early-2018 by Australian native and chief executive Brad Goodall, along with co-founders Neil Ambler, Patrick Cox and Ellen Fernandes, Banked aims to open up the possibilities of […]

By Reposted by Australian FinTech | Banking . FinTech . Investing . Venture Capital
DETAIL
Nov
12

How the open banking API could transform financial services to benefit consumers

Until recently, the idea of waiting a day or two for a bank transfer to reach your account was normal, however consumers are starting to demand immediate and seamless payment alternatives. With upcoming developments in the Australian financial services sector, we should start to see these demands met – if not by banks, then by […]

By Reposted by Australian FinTech | Banking . FinTech
DETAIL
Oct
31

Finastra launches Open Banking Readiness Index in Asia Pacific

Finastra today launched its Open Banking Readiness Index, providing for the first time a framework for banks in the Asia-Pacific region to assess their capabilities and benchmark readiness against peers in the race towards Open Banking. Unveiled during Hong Kong Fintech Week, the research reveals that 84% of the top 146 banks in Asia Pacific […]

By Australian FinTech | Banking . FinTech
DETAIL
Oct
18

Open banking: Refinance in 15 minutes

Open banking could see borrowers refinancing their home loans in 15 minutes, according to one panellist at a recent fintech summit. The event, held in Sydney on Tuesday (16 October), focused on how digital innovation was changing finance. The program included speakers and panel discussions on topics such as challenger brands, neo-banking and open banking. […]

By Reposted by Australian FinTech | Banking . Borrowing . FinTech . Lending
DETAIL
Page 1 of 3123