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Showing 111 - 120 of 869 results for %22Open Banking%22

Open Banking gets another shot in parliament

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 JUL 2019
The Morrison Government is reviving its Consumer Data Right bill - which includes the Open Banking changes that would give consumers access to and control of their own financial data. The bill was reintroduced to Parliament and read today. Treasurer ...

APRA proposes new remuneration standard

KARREN VERGARA  |  TUESDAY, 23 JUL 2019
... on the back of the Hayne Royal Commission's final recommendations. Draft prudential standard CPS 511 Remuneration is open for consultation until October 22. Chief among the proposals affect variable remuneration - financial performance measures must ...

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 ...

Financial scams smash Australia

HARRISON WORLEY  |  TUESDAY, 2 JUL 2019
... billing and tax office/government agency scams. Further, it should be remembered that much fraud goes unreported." With open banking kicking off in Australia yesterday, the report also noted banks consider the phenomena an emerging challenge in fraud ...

Wealth management investigations spike

KANIKA SOOD  |  FRIDAY, 21 JUN 2019
... services. "Under our close and continuous monitoring program we have already conducted around 200 onsite interviews with banking staff at all levels to gain first hand insights into systems, practices and culture." "And we are already providing important ...

Finnies showcase best in fintech

ELIZABETH MCARTHUR  |  THURSDAY, 13 JUN 2019
... Shot-Guppy said. "Over the next 12 months we will see the continued rise of neobanking in Australia, the launch of Open Banking and perhaps another of our winners will achieve unicorn status."

Zurich finalises OnePath acquisition

KARREN VERGARA  |  TUESDAY, 4 JUN 2019
... offerings. Both the Zurich and OnePath brands and product sets will continue to compete with - and complement - each other in the open market, it said. Group chief executive Mario Greco expects to engage with up to six million new customers with the ...

Midwinter acquires InvestmentLink

ELIZABETH MCARTHUR  |  TUESDAY, 14 MAY 2019
... InvestmentLink data feed service will be a crucial component of the future advice landscape, given that the impending Open Banking legislation completely ignores superannuation products. "Additionally, we have found many of our digital superannuation ...

Morgan Stanley raises capital for 86 400

ELIZABETH MCARTHUR  |  FRIDAY, 10 MAY 2019
... they've got great reach in Australia and internationally." 86 400 is a neobank attempting to disrupt the Australian banking industry and claw market share from the big four. The neobank is in its pilot stage and plans to launch with a transactions ...

APRA grants ADI licence to Judo Bank

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... licence to operate as an authorised deposit-taking institution without restrictions in what is being welcomed as a win for banking competition and fintechs. Judo, which refers to itself as a challenger bank, is focussed on Australia's small and medium ...