The Open Banking Opportunity

Open Banking initiatives, such as the Consumer Data Right (CDR) have been created to provide consumers with a regulated framework, under which consumers will have greater visibility, control and use of their financial data.  Financial service providers who are prepared for this shift can easily leverage consumer-permissioned data and insights to deliver innovative, personalised products consumers need and in return build trust and brand loyalty.  Whilst Open Banking is set to inspire innovation, foster competition and preserve market stability, there are some differences in their implementation such as those between Australia, UK and the US.

As a result of the differences, Envestnet | Yodlee have prepared a whitepaper on The Open Banking Opportunity. To access the whitepaper, please go here: www.resources.yodlee.com/whitepapers-anz/the-open-banking-opportunity-3