Tag: open banking

Open banking: risk and opportunity

Posted on   |  by James Riley
The imminent open banking scheme presents huge opportunities for Australian FinTechs, but comes with some very real risks, SocietyOne chief executive Mark Jones said. The peer-to-peer lender recently hit...

Identity ideas hit the mainstream

Posted on   |  by James Riley
The development of a workable framework for a co-ordinated approach to digital identity is proving to be a tough nut to crack. But there is at least now plenty...

When a smooth ride is critical

Posted on   |  by Mark Perry
Changes of Prime Minister, just like changes of government, can be a fraught time for business. The uncertainty created can be a confidence killer. It is noteworthy that the...

Open banking is just the start

Posted on   |  by James Riley
There are advantages in avoiding the bleeding edge of regulatory reform. This is the case in the Australian government’s drive toward an open banking regime – and by extension,...

Australia’s open banking journey

Posted on   |  by James Riley
Australia has begun its trek towards an open banking regime but has a lot to learn from the UK, which is much further down the open banking track. A...

Advisory panel for open banking

Posted on   |  by James Riley
The fifteen members of a key advisory body that will help shape data standards that will underpin the Consumer Data Right and the looming open banking regime have been...

Open banking: Lessons from UK

Posted on   |  by James Riley
While the government’s unveiling of a framework and timeline for an opening scheme marked an important milestone, the hard work is still to come, UK Banking Industry head of...

Govt backs open banking framework

Posted on   |  by James Riley
FinTechs left disappointed by a lack of further open banking announcements in Tuesday’s budget only had to wait until the next day for the big reveal. The federal government...

Open banking and digital identity

Posted on   |  by James Riley
Consumer interest in understanding their relationship with their financial services provider has never been higher. Yet at present, there is a fundamental disconnect between what consumers can access in...