Open Banking Review

A neobank, budgeting tools and payment services are among the first 10 companies selected by the ACCC to trial data sharing as part as Australia’s incoming open banking regime. Open banking, based on the recently passed Consumer Data Right (CDR) legislation, is set to kick off formally in February 2020,

Based on the recommendations of a review into open banking released last week, Australia’s big four banks could be in for a significant test of their speed and agility. The final report into Australia’s proposed open banking regime has been published including a recommended timing for the implementation of the