iscover
iscover Open banking
6 December 2022
New legislation has been introduced that expands the Consumer Data Right to enable consumers to instruct lenders to initiate actions, including moving bank products, on their behalf.
8 February 2024
Competition has to be the guiding principle, according to Jodi Ross, head of regulatory affairs and compliance at Tiimely.
4 August 2023
Wider use and acceptance of open banking and the CDR will be key to improving borrowers’ experience, lender heads have outlined.
11 July 2024
Open banking is a great way for borrowers to share financial data, which brokers can use to their advantage. However, some are yet to take advantage of these systems, highlighting some of ...
31 May 2024
Mandating more open banking data fields and a government-funded marketing campaign are key to a CDR Utopia, industry specialists have said
14 November 2022
The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.
21 November 2022
A growing number of lenders are disabling screen scraping in favour of open banking data, new data has shown.
31 January 2023
Frollo is calling on mortgage lenders to adopt open banking so they can view a borrower’s buy now, pay later and pay advance transactions and better manage risk.
24 June 2024
There are now 158 use cases for open banking in Australia, with lending, credit, and broking dominating the use cases.
18 October 2023
While the government focuses on fixing underlying issues in open banking, opportunities in the sector are expanding.
2 December 2022
Consumer Data Right’s ‘open banking ecosystem’ has been extended to include non-bank lenders, Treasury has announced.
26 February 2025
The new Financial Passport has allowed for a secure and simple way for clients to share financial data with brokers.
22 April 2024
Sam White, the executive chairman of LMG, has suggested that responsible lending laws should be streamlined as open banking rolls through the mortgages space.
12 December 2022
Open finance API platform Basiq has launched a campaign to encourage businesses to move to open banking as soon as possible and reduce reliance on web connectors.
18 November 2022
Cost, compliance, and speed efficiencies are just some of the benefits being realised from open banking, the first adopters in the mortgages space have said.