Tag: banks

Frollo backs regulator’s warning on CDR compliance

Posted on   |  by Brandon How
Australia’s largest accredited data recipient under the Consumer Data Right scheme has backed the regulator’s warning that it intends to take enforcement action to ensure compliance if the banks...

Banks get CDR privacy ‘bedrock’ tick from regulator

Posted on   |  by Joseph Brookes
Australia’s privacy watchdog found no areas of high privacy risk in an assessment of the Big Four banks’ Consumer Data Right policies and practices but did identify at least...

Big banks warn on open banking

Posted on   |  by James Riley
Data security risks surrounding Australia’s open banking regime are “significantly higher” than the federal government believes, according to the big four banks. In a new submission to the government’s...

ScoMo gifts bank data to FinTechs

Posted on   |  by James Riley
Australia is on the verge of a revolution in its financial industry. It will not happen overnight, but all the signs are there. The growth of FinTechs has happened...

SMEs stung by inefficient banks

Posted on   |  by James Riley
Inefficient banking processes are ‘robbing’ small and medium sized enterprises (SMEs) of four weeks’ productive work time a year, says a new report from financial services company Tyro Payments....

Banks’ legacy open to FinTech opps

Posted on   |  by James Riley
The end of this year could see Australian banks finally unleash products and services based on predictive analytics systems that have so far been stymied by banks’ creaky, legacy...