Open Banking: Consent + Authorisation = Better Deals?

Open Banking: Consent + Authorisation = Better Deals?

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?”

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Open Banking Accreditation

Open Banking Accreditation

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”

Should Australian startups skip the EU because of GDPR?

Should Australian startups skip the EU because of GDPR?

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.

Continue reading “Should Australian startups skip the EU because of GDPR?”