Basiq

Australian open banking platform company Basiq today announced a partnership with global integration vendor Mulesoft to offer a compliance product for the data portability scheme. Basiq will become an official partner of the Salesforce owned company. Under open banking, Australian banks must share customers’ data with other organisations in a

Open Banking began in Australia last month, promising to set free customers’ financial data, and spur innovation and competition in a sector historically dominated by just four banks.  Under Open Banking customers can request Australian banks securely share their data with accredited third parties for use in other financial tools

UBank has tapped fintech Basiq to help it prepare for open banking. The first phase of the partnership is an update to the bank’s in-app budget tool which uses machine learning to provide insights into consumers’ spending habits.  By next year, the partnership will offer customers predictions of future spending

Open banking start-up Basiq has concluded its Series A funding, securing investment from Salesforce Ventures, NAB Ventures and Westpac’s Reinventure.   The fintech platform provides access and insights into financial data that it says enables organisations to take advantage of open banking via a consent-driven model that can obtain customer