Category: Press Release

Open banking regime will empower customers, enhance competition and drive Australian innovation

FinTech Australia today welcomed news that the Australian Government will legislate to empower customers by requiring banks to allow these customers to access their own data.

An open banking regime is key to giving consumers more choice of financial services providers, a greater understanding of their financial standing and overall more control over their financial future,” said FinTech Australia chair Stuart Stoyan.

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