Open Banking is powered by consents and authorisations. To have a crack at finding betters deals on financial services and to eventually save money, consumers must consent and authorise. Continue reading “Open Banking: Consent + Authorisation = Better Deals?”
To participate in Open Banking (my introduction to Open Banking Australia) and become a Data Recipient, organisations must be accredited. The ACCC defines a process of Accreditation to vet and approve Data Recipients under the CDR Rules Framework that governs Open Banking. The ACCC also provides some references on information security. Continue reading “Open Banking Accreditation”
Open Banking is coming to Australia.
The initiative will exhume customer data buried in banks’ databases, enable seamless data sharing and drive the banking industry to be more competitive for the benefits of consumers. Continue reading “Open Banking Australia”