Global banking giant HSBC has avoided a hefty fine despite allegedly sending inaccurate and incomplete data through Australia’s budding economy-wide data sharing scheme. The bank paid penalties of $33,000...
Here’s a philosophical question for the times: If a national economy-wide digital economy platform initiative is suffering a slow, tortured death – and no one notices – should it...
As investment in Australia’s FinTechs dries up, the sector’s peak group is juggling new ways to support its next generation to ride emerging areas like AI and sustainable finance...
Remember the optimism around the Open Banking revolution and Australia’s new digital data economy opportunity a few years back? It was enthusiastic but fleeting, having bubbled-up somewhere after the...
Assistant Treasurer Stephen Jones cannot see a “big future” for fintechs and other businesses that continue to rely on screen scraping, declaring that the “world has moved on” as...
A lack of visibility over the future direction of the Consumer Data Right is creating uncertainty, leading to renewed calls from industry for a long-promised roadmap to provide clarity...
Australia’s competition watchdog is set to increase enforcement activities against banks that feed poor data into the Consumer Data Right following consultation with data recipients. In particular, “significant shortcomings”...
Australia’s national auditor is contemplating a review of the former Morrison government’s $1.3 billion Modern Manufacturing Initiative despite an earlier internal review commissioned by Labor clearing the grant selections....
Australia’s largest accredited data recipient under the Consumer Data Right scheme has backed the regulator’s warning that it intends to take enforcement action to ensure compliance if the banks...
New competition tsar Gina Cass-Gottlieb has outlined her priorities in the role, with a commitment to enforce the Consumer Data Right and protect consumer interests in the financial services...