Open banking
Analysis
Fintech
The fight over $1.5 billion ‘game-changer’ that hasn’t lived up to the hype
When former prime minister Scott Morrison outlined his vision for an ambitious banking policy in 2018, he declared it would be a “revolution” for Australian customers.
- by Clancy Yeates
Latest
Plenti shares surge as fintech signs EV loan deal with NAB
The National Australia Bank has inked a deal with fintech lender Plenti to provide loans for electric vehicle and other cars, and could acquire 15 per cent of its shares.
- by Millie Muroi
‘A whimper rather than a bang’: Why open banking has had a slow start
Fintechs say the take-up of a data regime called open banking has been underwhelming. But they maintain it can shake up the industry, eventually.
- by Clancy Yeates
Opinion
Analysis
The Bank of England promotes moral hazard — again
No longer is the system based around banks; rather, it is increasingly centred around markets.
- by Marc Rubinstein
Data sharing: Super and insurance industries next
Financial management apps look set to expand into insurance and superannuation, as the consumer data right moves into new territory.
- by Clancy Yeates
Opinion
Regulation
Disrupting the disrupters: China is slamming the brakes on Big Tech
One of the most difficult challenges facing regulators around the world is how to deal with the explosive growth and increasing power of the big tech companies. China has just shown how it will deal with them.
- by Stephen Bartholomeusz
Why 'open banking' is so important and what it means for you
You could eventually save thousands of dollars each year on bank products, energy, telcos and insurance at the simple click of a button.
- by Joel Gibson
Open banking ushers in era of greater competition
New regime will make it easier to find better deals on mortgages, personal loans, credit cards and savings account interest rates.
- by John Collett
'Very concerning correlation': CBA warns against 'screen scraping'
Commonwealth Bank has warned that customers who hand over their banking password to other businesses such as fintechs face a greater risk of falling victim to scams or fraud.
- by Clancy Yeates
Home loan start-ups warn against 'hard transition' to data harvesting rules
Home lending startups say they will need to use traditional methods of collecting customer data, including 'screen scraping', during the transition to open banking.
- by Emma Koehn
Open banking and rise of fintechs to disrupt big banks' 'rivers of gold'
Fintechs are ready to pounce on the big four's customers as a new regime spurs more competition and potential profit headaches for the majors.
- by Clancy Yeates
Original URL: https://www.watoday.com.au/topic/open-banking-1mqt