Open banking

The latest partnership between two industry heavies will help address a lag in adoption of open banking among brokers.

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.

Competition has to be the guiding principle, according to Jodi Ross, head of regulatory affairs and compliance at Tiimely.

Wider use and acceptance of open banking and the CDR will be key to improving borrowers’ experience, lender heads have outlined.

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 ...

Frollo for Brokers is the latest open banking-driven solution that aims to boost broker serviceability.

The broking industry is at the forefront of open banking integration. A recent panel discussion reflected on how far Consumer Data Right (CDR) has come and how far we still have to go.

Mandating more open banking data fields and a government-funded marketing campaign are key to a CDR Utopia, industry specialists have said

The government’s open banking reform consultations have generated some pushback from industry figures as there are fears it could reduce competition, stifle innovation, and undermine the ...

The Mortgage Business Uncut podcast is your weekly analysis of the biggest themes shaping the Australian mortgages market.

A growing number of lenders are disabling screen scraping in favour of open banking data, new data has shown.

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.

There are now 158 use cases for open banking in Australia, with lending, credit, and broking dominating the use cases.

While the government focuses on fixing underlying issues in open banking, opportunities in the sector are expanding.

The Australian fintech has partnered with Wych to integrate Consumer Data Right open banking data into its suite of lending solutions.