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

*This article was published in our email for paying subscribers early on Tuesday morning. See here for more details and how to subscribe.

We welcome your help to improve our coverage of this issue. Any examples or experiences to relate? Any links to other news, data or research to shed more light on this? Any insight or views on what might happen next or what should happen next? Any errors to correct?

We welcome your comments below. If you are not already registered, please register to comment or click on the "Register" link below a comment.

Remember we welcome robust, respectful and insightful debate. We don't welcome abusive or defamatory comments and will de-register those repeatedly making such comments. Our current Comment policy is here.

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-wi...
Sounds interesting.
The end of locked down privacy of the banking customer perhaps.