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As Macquarie spruiks an open banking platform allowing customers to move their business in Australia, we gauge where NZ's big banks and key regulators stand on the open banking concept

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As Macquarie spruiks an open banking platform allowing customers to move their business in Australia, we gauge where NZ's big banks and key regulators stand on the open banking concept

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"By 2018, banks in the United Kingdom will be required to open up their APIs to enable consumer data to be accessed by competing banks, startups, and other financial institutions -- providing the consumer consents. This is a move the Australian House of Representatives Standing Committee on Economics is eager to see implemented in Australia."
http://www.zdnet.com/article/macquarie-to-give-customers-data-control-w…
Sounds interesting.
The end of locked down privacy of the banking customer perhaps.

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