Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 11 - 20 of 51 results for "Open Banking"

The five threats to super fund survival

HARRISON WORLEY  |  MONDAY, 20 APR 2020
... to create member-centric ecosystems, as the desire for collaboration and integration through technologies grows. "Open Banking will also be a driver and will result in dramatically improved decision-making for funds and their members," SS&C said. Overall ...

Open banking to charge on

ELIZA BAVIN  |  TUESDAY, 7 APR 2020
The consumer watchdog has confirmed the launch of open banking will go ahead at the July 1 deadline as a means to help drive competition. ACCC chair Rod Sims said he believes a key driver of reform, and greatly improved competition in financial services ...

Advisers too time-poor for cash management

HARRISON WORLEY  |  THURSDAY, 12 MAR 2020
... quite a significant group." McArdle said advisers may find cash management becomes easier to administer to clients as open banking helps banks transmit the transactional banking data of their clients to other institutions and platforms. "I think the ...

RBA crushes hopes of Libra launch

ALLY SELBY  |  FRIDAY, 10 JAN 2020
The Reserve Bank of Australia will not allow tech giant Facebook to launch its cryptocurrency Libra in Australia until all risks and regulatory requirements have been mitigated. And even if these regulatory requirements were met there wouldn't be ...

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 ...

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 ...

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 ...

Saxo partners for new reporting service

ELIZABETH MCARTHUR  |  WEDNESDAY, 11 SEP 2019
... Sharesight will deliver an integrated recordkeeping service for self-directed investors. Saxo described the initiative as "open banking-like" in its approach. Through an open API (application program interface) Saxo clients in Australia will be able ...

Fintech off to slow start in 2019: KPMG

KRISTI CHENG  |  TUESDAY, 6 AUG 2019
... buying into it though there are still significant concerns from a regulatory perspective. Finally, KMPG reports that open banking continues to be a big driver of investment for both incumbent and challenger banks. It is expected to be the catalyst in ...