Rob Hale

piggy bank

Regional Australia Bank is using Microsoft’s Azure cloud to automate and streamline its loan applications under Open Banking, and plans to also share its customer data with third party fintechs by next year. The customer owned bank became the first Accredited Data Recipient of Australia’s Consumer Data Right in March,

Regional Australia Bank is the first Accredited Data Recipient of Australia’s Consumer Data Right (CDR), as open banking trials continue to progress towards the scheduled July launch. The ACCC, which is overseeing the testing, announced on Friday all participants have entered industry testing which began in September 2019. So far