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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

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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1 Comments

"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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