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Open banking: Consumer data rights a double-edged sword for financial sector

James Eyers

Warning: the banking sector is entering a consumer data minefield.

After a year of unprecedented scrutiny by the Hayne inquiry, banks are desperate to ensure the sharing of customer data under the government's "open banking" regime doesn't sow the seeds of the next royal commission.

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James Eyers writes on banking, payments and fintech. He is a former legal and investment banking editor at the AFR, has degrees in commerce and law from UNSW, and is co-author of Buy now, pay later: The extraordinary story of Afterpay Connect with James on Twitter. Email James at jeyers@afr.com.au

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    Original URL: https://www.afr.com/business/banking-and-finance/open-banking-consumer-data-rights-a-doubleedged-sword-for-financial-sector-20181220-h19bgw