open banking

Sep
17

Aussie banks dragged into the ‘open source’ era via GitHub

Financial policy making is getting the open source tech treatment, courtesy of Data61. The use of GitHub to manage the development of open banking technical standards represents a significant innovation in Australian policy making. GitHub, which is used by 28 million software developers around the world, was bought by Microsoft in June for $US7.5 billion […]

By Reposted by Australian FinTech | Banking . FinTech
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Sep
11

The power to make corporate banking ‘beautiful’

Small businesses “simply want working capital. They want to know how much, how soon and what it will cost,” says Martin McCann, CEO and Co-Founder of Trade Ledger. As the Australian company establishes itself in Europe, Martin talks with FinTECHTalents about bringing the open banking revolution to corporate banking, overcoming the barriers of Excel spreadsheets […]

By Reposted by Australian FinTech | Banking . FinTech
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Aug
06

Laggard bank tech blasted by Treasurer, Productivity Commission

Treasurer Scott Morrison has taken a blowtorch to the slow pace of technology-driven reform in Australian banks, using the release of a blistering Productivity Commission report on financial system competition to vow the new Open Banking regime will be used to smash entrenched interests. In a speech delivered on Friday, the Treasurer doubled down on […]

By Reposted by Australian FinTech | Banking . FinTech
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Jul
31

Open data revolution ramping up: What fintechs need to know

By Steve Philpotts, General Manager – Data Quality and Targeting, A/NZ at Experian   In case anyone thought the open data revolution was settling down, last month’s advances have proved that we’re only just getting started. The government set new deadlines for Australia’s Open Banking regime, set aside millions in the budget for funding broader […]

By Australian FinTech | FinTech
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Jul
26

8 in 10 Australians unaware of open banking

And the majority of us want no part in it anyway, according to new research. Apparently, everyday Australians aren’t sitting around the dinner table discussing open banking. While the new regime is a popular topic in the banking industry, new statistics show that you’d be hard-pressed to find someone not “in the know” who actually […]

By Elizabeth Barry | Banking . FinTech
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Jul
24

Credit Simple launches Money Simple

Credit Simple, the fintech where every Australian and New Zealander can get their credit score and credit file for free, forever, has launched free online budgeting tool Money Simple. In a world first, Money Simple brings together open banking data with credit scores to form a single, unified view of a person’s financial life in […]

By Australian FinTech | Banking . FinTech
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Jul
10

Forget Hayne, here’s four ways technology will remake financial advice

Technology’s waves have swamped plenty of other industries, so it’s hardly a surprise they are washing over the provision of financial advice. So much so, there’s talk of yet another “-tech”: as in, AdviceTech. So what’s accelerating the pace of digitisation of financial advice? Four key themes come to mind: First, providers realise the current […]

By Reposted by Australian FinTech | Banking . FinTech . Investing
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May
17

Open banking already changing the UK market

The launch of “open banking” in Britain earlier this year is prompting the incumbent banks to develop new smartphone apps that give customers a holistic view of their finances. But they face newfound competition from fintechs, telcos and e-commerce giants who see the data-sharing regime as a way of becoming dominant financial services providers in […]

By Reposted by Australian FinTech | Banking . FinTech
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