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The Australian payments ecosystem is set for significant change in 2020, as Open Banking is released in stages, and real-time payments continues to grow.
A new report from Pegasystems suggests Open Banking in particular could be a breakout moment for Australia’s growing cohort of neobanks and fintechs.
ANZ Banking Group has ramped up its open banking preparations by running a three-day innovation challenge that generated 21 new apps ideas.
Australians haven’t fully embraced digital-only banks, but open banking could change that: Forrester
Across APAC consumers increasingly prefer digital channels for financial services, helping digital-only banks overcome incumbents’ traditional trust.