Let´s talk about Open Banking
(World News Science)

Published: Wednesday May 16, 2018 Our Regional Director for Australia and New Zealand, Mathew Demetriou, discusses what businesses in APAC and beyond, need to know about Open Banking rules. New `Open Banking` rules were introduced in January 2018, to empower consumers by reducing the burden and cost related to switching bank accounts. Under Open Banking rules, financial institutions must use open APIs, meaning an individual`s data can be shared safely between other finance companies, once the individual has given permission for this to happen. This provides customers with more control and stability over their financial data, allowing them to...