The Consumer Data Right regime will apply to the non-bank lending sector in stages, starting from 1 November 2024.
August 31, 2023The first roadmap issued in 2020 has helped to shape a "friendly" fintech ecosystem and improve financial services, the FSC said.
August 17, 2023The pilot involves participation from FIs to co-develop an "open, interoperable, and scalable ecosystem", supported by the BSP and IFC.
June 23, 2023The new online platform allows existing borrowers to search for and switch to more favourable loan deals.
June 1, 2023API experts are invited to join a new CPMI panel to work onharmonisation of API protocols used in cross-border payments.
May 31, 2023A new body will be created to boost the uptake of open banking in the UK and extend its benefits to other sectors of the economy.
April 18, 2023Enforcement efforts will be focused on issues involving the quality of product reference data such as incorrect interest rates and missing data.
April 10, 2023NatWest and National Australia Bank published a white paper drawing lessons from the UK and Australia's open banking implementations.
February 26, 2023FinTech Australia and FDATA say ING's planned platform upgrade will invalidate thousands of CDR consents and force consumers to redo the process.
February 8, 2023MyData, Korea’s version of open banking, will be extended to small businesses, allowing credit providers to access to more data to make lending decisions.
February 6, 2023