The Federal Government will commit $44.6 million from the 2018 Budget to establish a Consumer Data Right (CDR) framework, expected to fast-track the rollout of open banking.
ANZ has announced a strategic partnership with Sydney-based software developer Data Republic, allowing the bank to tap into DR’s data exchange platform and enhance its customer data processing capabilities.
Who’s ready for open banking? Researcher IDC Financial Insights takes the question to the Asia-Pacific, creating a bite-sized infographic that explores the region's readiness to embrace open banking.
The Federal Government has proposed the implementation of an open banking regime, potentially giving third parties greater access to banking data.