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Showing 21 - 30 of 51 results for "Open Banking"

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 ...

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 ...

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."

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 ...

Local fintech investment soars

KARREN VERGARA  |  TUESDAY, 26 FEB 2019
... equity and M&A activity. "We have rapidly built a thriving fintech eco-system and investment plays a critical role. Open banking is another catalyst for further fintech investment, in particular investment in overseas fintech companies which we are already ...

Vertical integration changes to reshape personal wealth

DARREN SNYDER  |  WEDNESDAY, 30 JAN 2019
... marketplace-driven banking. Infosys Finacle recently released its annual banking trends forecast for the year 2019, and it said open banking and API-led business models will play key roles globally. "The traditional vertically-integrated pipeline business ...

Banks must reshape to survive compliance and technology crunches

DARREN SNYDER  |  TUESDAY, 6 NOV 2018
... remediation and compliance costs. "Other external drivers, such as real time payments, comprehensive credit reporting and open banking, are also pushing up expenses. APRA has recently raised concerns that the banks are not investing enough in maintain ...

Fintechs in the money, gain confidence

KARREN VERGARA  |  TUESDAY, 30 OCT 2018
The fintech sector is bullish it can grab market share from big banks and incumbents with the advent of open banking and as the fallout from the Royal Commission plays out, EY's latest fintech census shows. With one-in-five fintechs now turning a profit ...

What the RC can teach us about trust: Deloitte

DARREN SNYDER  |  MONDAY, 29 OCT 2018
... indication that consumers do not trust banks to keep their money safe. "Being trusted becomes even more critical in an open banking environment where banks will have to contend with the possibility of losing customers to more trusted competitors, as ...