OPen Banking

Digital bank Up has hit 100,000 customers since launching in October last year, the neobank attributes this growth to its quick sign up process and partnership with Apple Pay. Up said this means it is one of the fastest growing digital banks in the world. Anson Parker, head of product

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Open banking has been regulated or has organically developed in a number of major economies in recent years. In the UK It was forced upon the nine biggest banks with the promise of increased transparency and competition for customers over a year ago. Today over 100 regulated entities are enrolled

In this guest post from Melody Townsend, General Manager – Product & Network Marketing at ME Bank, explores the practical steps marketers can take to build trust with customers. The concept of ‘trust’ has always been around, but in more recent times, there’s been a growing emphasis on how trustworthy

 The right balance between robust security and easy-to-use customer experiences, as more markets adopt open banking — which mandates banks to open their systems to third parties — will be critical for bank networks and their ecosystem partners. The Accenture Banking Technology Vision 2019 report has found consumer demand for customisation and

Australia’s Customer Data Right (CDR) legislation is expected to pass in the first quarter of 2019 and from July 1 the big four banks will be required to publicly share product data about credit and debit cards, deposit accounts and transaction accounts. However the banks now have until February 2020

Global accelerator program Startupbootcamp is launching a new fintech accelerator backed by NAB, Bupa, YBF, Deloitte, AWS, Cisco and Capgemini. Based in Melbourne, the new accelerator will focus on financial health and wellbeing. Along with industry partners, selected startups will be looking at the intersection between open banking, consumer data

AWS Werner Vogels Keynote at The Venetian, Las Vegas, NV on Thursday, Nov. 29, 2018.

The National Australia Bank is all in on public cloud. NAB will move at least 35 per cent of its IT workloads to a public cloud within the next two years. The shift will improve the bank’s innovation and agility, and better prepare it for open banking, according to NAB

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Most large banks said that providing open banking services for their commercial clients is a key strategic initiative in their digital transformation programs, and many expect open banking to help them achieve double-digit revenue growth, according to a global research report by Accenture. Open banking enables financial services commercial customers

ANZ expects the impact of open banking on Australia’s financial industry will be profound. So much so that the bank is preparing to fundamentally change its business model. But it had to rely on regulators to get the conversation started. “From a large bank perspective, I think open banking helps

Australia’s newest digital bank, Up, believes it can thrive in an already saturated market where the big four banks are well entrenched. According to the company’s founders, to attract notoriously sticky banking customers Up plans to double down on its agility and customer experience. Backed by Bendigo Bank and Adelaide