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Showing 1 - 10 of 16 results for "Open Banking Regime"

Lumiant partners with Envestnet | Yodlee

ANDREW MCKEAN  |  THURSDAY, 29 SEP 2022
Lumiant will be the first company to leverage Envestnet | Yodlee's Consumer Data Right (CDR) accreditation under the CDR representative model to power its Your Wealth module. The partnership enables Lumiant to access real-time data from financial ...

Personal finance app retires Australian business

KARREN VERGARA  |  TUESDAY, 15 DEC 2020
... amended to include intermediaries like outsourced IT infrastructure and software providers. Unlike the UK, the open banking regime has flourished, with the number of people using the functionality doubling in the six months to September 2020, Sharrott ...

QMV kicks off legal practice, appoints lead

KANIKA SOOD  |  TUESDAY, 8 OCT 2019
... superannuation funds on legal changes beyond what is "signed and approved". As an example, Vaughan cited the Open Banking regime which he says will force superannuation funds, and not just banks, to think about data protection and privacy in the future. ...

Open banking reforms a boon for fintech

ELIZABETH MCARTHUR  |  THURSDAY, 4 JUL 2019
With the new open banking regime now in effect, fintechs are set to reap the rewards of data sharing. As of July 1, the big banks are now required to share generic product data as part of the government's phased timeline for the introduction of open ...

Local fintech investment soars

KARREN VERGARA  |  TUESDAY, 26 FEB 2019
... it will eventually apply to other sectors such as energy and telecommunications, he said. Australia's Open Banking regime will commence on 1 July 2019. The big banks will be required to make information such as credit and debit card, and transaction ...

Customer data protections progress

DARREN SNYDER  |  WEDNESDAY, 15 AUG 2018
... Data Right, enabling customers to have justified confidence in the system, Morrison said. In terms of the open banking regime, the Consumer Data Right will mean customers can direct their information to be shared - including information relating to deposit ...

Morrison sharpens blockchain, AI agenda

KARREN VERGARA  |  WEDNESDAY, 9 MAY 2018
... introduced in last year's Budget. In his Budget speech, Morrison said the Government is "moving forward with our Open Banking Regime and Consumer Data Right, giving small businesses and households more control, more choice and better deals." The Government ...

FinTech Australia appoints interim chief executive

DARREN SNYDER  |  MONDAY, 12 MAR 2018
... establishment of new digital challenger banks; Establishing the consumer data right which paves the way for an open banking regime in Australia; and Establishing steps toward a self-regulatory framework for the unsecured small business fintech lending ...

Fintechs save time: Spot poll

KARREN VERGARA  |  MONDAY, 12 FEB 2018
... indicated intentions to engage with fintechs in the next 12 months. Financial Standard reported that the new open banking regime will fundamentally change the way financial advisers interact with consumers - but several hurdles must be cleared before ...

Open banking regime to boost advice

DARREN SNYDER, KARREN VERGARA  |  MONDAY, 5 FEB 2018
Australia's open banking regime will fundamentally change the way financial advisers interact with consumers but several hurdles must be cleared before any true potential is realised. The expected multi-billion dollar implementation of open banking ...
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