Digital Transformation Through PSD2 and Open Banking
The new world of open banking is one where banks and financial institutions collaborate with other service providers to offer products and services that go beyond traditional banking and also help manage customer lifestyles. This whitepaper by WSO2 will map out how to achieve Digital Transformatio ...
Leveraging Technological Innovations to Stay Ahead of the Curve in the Open Banking Environment
Ahead of the Open Banking Summit 2018 we chat to Google’s head of Customer Solutions & Innovation (APAC), Scott Thomson. Scott, who has worked with enterprises across Asia Pacific and the US to help them drive innovation and u ...
CUA: Developing Open Banking Strategies that Balance Opportunities and Threats
Ahead of the Open Banking Summit 2018 we chat to Ben Stokes, Head of Digital Experience and Engagement at CUA. In this article Ben chats to us about how CUA is focusing on the opportunities, not challenges, created by open banking that will allow them to op ...
Balancing Open Banking Threats and Opportunities
Ahead of Australia’s first strategic Open Banking Summit 2018 we chat to Erik Fenna, Chief Information Officer at customer-owned P&N Bank, WA's largest locally owned and managed bank. In this article Erik explores the threats and opportunities open banking poses to traditi ...
Preparing for the Banking Revolution: Insights from Australia’s Leading Financial Institutions
Ahead of the Open Banking Summit 2018 we look at these strategies in more detail and explore how Australia’s biggest banking and financial sector businesses are preparing themselves for the open banking revolution.
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Fintechs hit back on call for open banking delay
The fintech industry has hit back at the Australian Banking Association's suggestion that lending products and credit cards be held back from the first phase of "open banking", arguing this is merely a delaying tactic to protect their most lucrative offerings.
Open banking will allow customers to get better deals on financial products
BANKING customers could soon be given the green light to share their personal financial data and score themselves cheaper deals.Dubbed “open banking” the system will allow a customer to “opt-in” and have their transactional data shared with a recipient free of charge.
The dawn of open banking in Australia
Financial services firms will need to embrace DevOps and modernise their IT infrastructure to compete with more nimble fintech companies in an open banking regime
Westpac says open banking needs more time to limit systemic risk
Westpac Banking Corp says in order to limit new, systemic risks that "open banking" will introduce to the financial system, banks need more time to design and test the regime. It warned that even if it is designed well, fraud costs could rise by up to five times.
Australian fintech firms call for competition watchdog to police open banking roll-out
Australian fintech companies have called on the the Government to hold the line on the introduction of open banking reforms in the face of a hostile push-back from some of the countries top banks.
Westpac and CommBank hit back at Aus Open Banking plans
Australia's big banks have begun a rearguard action to stave of the introduction of a new Open Banking regime, calling for an extended deadline as high costs and security issues take their toll.Australia moved one step closer to implementing Open Banking with the publication of a final Government report into...