Tagged: cdr

UK Fintechs Can Establish Stronger Market Presence if they Adopt Better Open Banking Policies, According to Ian Liddell-Grainger

Ian Liddell-Grainger, who’s Chair of the All-Party Parliamentary Group on Open Banking and Payments in the UK, notes that Britain’s financial technology industry has been expanding rapidly with emerging Fintechs such as Monzo, Starling, Revolut and TransferWise. Ian points out that these companies are turning… Read More

Open Banking: Customers of Australia’s Big Four Banks Now Able to Effectively Share Financial Data with Home Loan Providers

Customers of Australia’s four major banks (which includes the Commonwealth Bank of Australia, Westpac Banking Corporation, Australia and New Zealand Banking Group, and National Australia Bank) are now able to share their home loan and mortgage offset data with accredited or approved recipients. This option… Read More

Open Banking: Australia’s IMB Bank Launches New Platform for Sharing Data on Deposits, Transaction Accounts

Australia based IMB Bank will be introducing Open Banking services. The mutual bank confirmed on October 5, 2020, that it would provide a new banking platform that can share certain financial data through an API integration. The NSW-headquartered building society IMB Bank noted that, during… Read More

Consumer Data Right Legislation Should Make it Easier to Compare Fintech Products, According to Australian Government Official

The Consumer Data Right (CDR) legislation in Australia has been introduced to enhance the nation’s modern banking sector. It’s also supposed to make it easier to match or compare different financial products across a range of industries in the country, according to Senator Jane Hume,… Read More

Tide Foundation Co-Founders Yuval Hertzog & Issac Elnekave Address Privacy Profitability, Marketplaces and Mass Blockchain Adoption

Tide Foundation just launched a data marketplace aimed at making privacy profitable. Tide’s blockchain protocol seeks to address costly GDPR compliance, compensation and data accuracy issues to drive a new consensual data economy. “While we all deserve a human right to privacy, we’re witnessing the disastrous results of… Read More

Send this to a friend