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Showing 91 - 100 of 866 results for %22Open Banking%22

RBA crushes hopes of Libra launch

ALLY SELBY  |  FRIDAY, 10 JAN 2020
... fraud and provide convenient and secure methods for authenticating individuals, including as part of the rollout of 'open banking' - an area where fintechs may be well placed to offer new services utilising customer data," it said. The RBA said ...

Consumer data right for open banking delayed

ALLY SELBY  |  FRIDAY, 20 DEC 2019
... the banking sector to July 2020, postponing key components of the reform that would have allowed the kick-off of open banking in Australia by February next year. Consumers will now be able to share their financial data, including credit and debit card ...

ANZ overcharges 3.4 million customers

ALLY SELBY  |  THURSDAY, 19 DEC 2019
ANZ is the latest of the big four to be hit by the banking blues - identifying 3.4 million customers who have been overcharged as the bank swiftly makes good on recommendations from the Hayne Royal Commission. ANZ chief executive Shayne Elliot told ...

Tech to topple banking: RBA

ALLY SELBY  |  WEDNESDAY, 18 DEC 2019
... others and, second, that non-banks have some data that is useful for banking business." These regulatory changes are open banking and consumer data right (CDR), which allow consumers to own their banking data, allowing them to share this data with other ...

Westpac gives investors an out

HARRISON WORLEY  |  THURSDAY, 28 NOV 2019
... sights, releasing a statement which sets out the actions the bank has taken to help in the prevention of financial crime in banking. Following shareholder queries, ANZ chief risk officer Kevin Corbally yesterday said protecting the banking system from ...

Westpac faces 23 million breaches

ELIZA BAVIN  |  WEDNESDAY, 20 NOV 2019
... businesses and the community from criminal exploitation. Serious and systemic non-compliance leaves our financial system open to being exploited by criminals," Rose said. "The failure to pass on information about IFTIs to AUSTRAC undermines the integrity ...

Superannuation gets a classroom

ELIZABETH MCARTHUR  |  TUESDAY, 22 OCT 2019
... $9.7 billion industry fund. Statewide Super has created the SuperHub, a centre dedicated to superannuation education and open to everyone - not just Statewide members. The centre opened in Adelaide yesterday. This comes after Industry Super Australia ...

KPMG foretells open super era

HARRISON WORLEY  |  WEDNESDAY, 16 OCT 2019
The global consulting giant believes developments in open banking could be the boon to solve superannuation's member engagement challenges. In a new report released today, KPMG revealed the future of member engagement in super will closely follow the ...

QMV kicks off legal practice, appoints lead

KANIKA SOOD  |  TUESDAY, 8 OCT 2019
... advising 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 ...

ASIC casts doubt over Dollarmites

ELIZABETH MCARTHUR  |  TUESDAY, 1 OCT 2019
... life." Choice says the Dollarmites program is estimated to be worth nearly $10 billion and is the reason 46% of Australians open their first bank account with CBA. "We've heard from parents across the country who are fed up with their children being ...