All posts tagged "Open Banking"
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398Fintech / RegtechBigTechs, Outsourced Services Pose Financial System Risk – FSB
The FSB warns that BigTechs can achieve scale in finance very quickly, raising competitive pressures on incumbents. Rising dependencies on third-party services also present risks.
February 15, 2019 -
350Australia & NZASIC Consults on Updates to Responsible Lending Guidance
ASIC's existing guidance allows a tailored approach to applying responsible lending obligations, but licensees may be applying them where the law does not require it.
February 14, 2019 -
914FeatureHong Kong Gets First API Exchange Platform in Open Banking Push
JETCO launches the city's first Open API exchange; New Accenture survey indicates willingness of Hong Kong consumers to share personal financial information with third parties.
January 17, 2019 -
407Asia-PacificMalaysia Issues Policy Standards for Open Data APIs
A new central bank policy document outlines recommendations for financial institutions developing and publishing Open Data APIs.
January 8, 2019 -
6261Australia & NZNAB to Migrate Core Banking Systems to Cloud
National Australia Bank plans to migrate more than 300 applications, including some core banking systems, to a public cloud by the end of 2019.
December 12, 2018 -
727Asia-PacificSingapore Leads Asia Pacific in Open Banking Readiness
In APAC, Singapore is the most prepared for open banking, followed by Australia and Hong Kong, according to Finastra’s ‘Open Banking Readiness Index’.
November 1, 2018 -
491Australia & NZSibos: New Digital Economy Places Customer Needs in Focus
As Australia's banking sector continues to deal with fallout from Royal Commission findings of misconduct, Sibos highlighted a newfound focus on customer needs, says Matthew Chan.
October 26, 2018 -
221Australia & NZACCC Consults on Open Banking Data Rights Rules
Consumer data rights framework to be initially applied under the open banking regime, with the big four banks set to make data available by 1 July 2019.
September 13, 2018 -
402Fintech / RegtechBanks Need Regulatory Defence Against Tech Firms
The Facebook controversy around user data hasn’t discouraged it from advancing its ambitions in financial services like payment and remittance processing.
August 16, 2018 -
282Australia & NZAustralia Finds Banking Oligopoly Detrimental To Consumers
The Productivity Commission report urges for more competition in Australia’s banking sector – a recommendation re-enforced by Treasurer Scott Morrison in a speech to industry executives.
August 6, 2018
