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Showing 41 - 50 of 51 results for "open banking"

Morrison unveils open banking framework

KARREN VERGARA  |  MONDAY, 12 FEB 2018
The Federal Government's final report into open banking details 50 recommendations on how the new regime can succeed and ultimately empower consumers. Last week, Treasurer Scott Morrison unveiled a list of proposals covering the regulatory framework ...

Fintechs save time: Spot poll

KARREN VERGARA  |  MONDAY, 12 FEB 2018
... respondent 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 ...

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 ...

FinTech Australia chair steps down

JAMIE WILLIAMSON  |  MONDAY, 29 JAN 2018
... enacted, such as the fintech regulatory sandbox, retail crowdfunding and major policy reviews around open data and open banking. "It's been an amazing journey to date and I am sure the organisation's evolution will continue under Stuart's able guidance ...

Macquarie adopts open banking solution

KARREN VERGARA  |  WEDNESDAY, 17 JAN 2018
Macquarie customers will be one of the first to test the new open banking regime with the help of a fintech. Retail finance solutions provider Zip Co, which operates under its zipPay and zipMoney brands, will allow Macquarie customers to add banking ...

Fintechs gear up for open banking

JAMIE WILLIAMSON  |  TUESDAY, 16 JAN 2018
A provider of data and analytics insights has acquired an Adelaide-based fintech as preparation for an open banking regime. Formerly Dun & Bradstreet, analytics firm illion has acquired Proviso, a specialist in automated bank statement retrieval, analysis ...

Wealth, insurance arms hit banks' earnings

KARREN VERGARA  |  TUESDAY, 7 NOV 2017
... EY Oceania banking and capital markets leader Tim Dring said. Dring added the government's plans to introduce an open banking regime by 2018 is set to alter the relationship between banks and consumers. "While there is no doubt open banking will be disruptive ...

Focusing on the bad to make it better

JAMIE WILLIAMSON  |  THURSDAY, 12 OCT 2017
... "Technology can take all that pain away for you," he said. Further, given the likelihood that Australia will soon adopt an open banking regime, advisers need to determine how they will provide faster, more real-time feedback to prospects where the prospect ...

Government paves the way for open banking

EMMA RAPAPORT  |  FRIDAY, 21 JUL 2017
Third parties could soon be given greater access to banking data under a proposed open banking system regime. The regime, announced for review by Federal Treasurer Scott Morrison yesterday, will seek to open up consumer and third party access - with ...

Banks narrowly avoid parliamentary inquiry

EMMA RAPAPORT  |  FRIDAY, 16 JUN 2017
... Competitive Banking System, and $1.2 million to undertake an independent review into the most appropriate model for an open banking regime. The ACCC will also receive $13.2 million over the next four years to complete regular inquiries into specific ...