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”
The CEO of an Australian FinTech startup says he is considering excluding the EU from his business plan, because the upcoming new EU regulation on consumer data protection, the General Data Protection Regulation (GDPR), brings challenges that would outweigh potential business benefits in the EU region in the short term.
Australia would be the “King Idiot” of the internet according to ZDNet and other reports such as boingboing. The honorific title would be reportedly deserved, because the Australian Prime Minister, Mr Turnbull, has made a controversial statement on the laws of mathematics in a context referring to encrypted communications used for evil. Continue reading “Australia’s war on encryption: Idiocy or Miscommunication?”