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Open banking benefits reduced under current rules, warns fintech
Fintech company Moneytree is urging the ACCC and Treasury to “reconsider” the draft rules around consumer data right data disclosures to intermediaries to prevent “unintended” consequences.
Write comment (0 Comments)Mastercard buys Finicity in open banking play
The payments giant has entered into an agreement to acquire financial data provider Finicity for US$825 million ($1.2 billion), to bolster its open banking platform.
Write comment (0 Comments)ACCC consults on new intermediary CDR rules
The competition watchdog is consulting on draft rules that enable authorised third parties with “unrestricted” access to collect Consumer Data Right information on behalf of other accredited persons.
Write comment (0 Comments)ACCC launches open banking portal
The ACCC has travelled one step further towards rolling out open banking in July, having debuted a platform allowing banks and fintechs to become accredited data recipients.
Write comment (0 Comments)Gateway partners with cloud software provider
The non-major lender has partnered with a cloud-based software solutions provider to offer brokers a loan origination platform.
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