Open banking stories - Page 7

Westpac partners with NextGen to streamline home loan applications across its brands via Open Banking, marking a significant innovation in Australia's banking sector.

Frollo, Australia's Open Banking service provider, urges a collaborative strategy to enhance the data quality in the nation's Consumer Data Right framework, supporting superior financial outcomes.

Australian mortgage broking industry pivots towards Open Banking, with the number of brokers using NextGen's solution tripling, amid potential legislative changes.

PPRO has bolstered its leadership, appointing Selene Brett as Chief Legal, Risk and Compliance Officer, and Marc Kuzak and Massimiliano Conte as Legal and Compliance Director respectively to bolster governance.

Craggle launches AI tool revolutionising home loan refinancing, aims to simplify the process and save Aussies millions annually.

Efficiency and open banking lead 2024 lending trends as lenders target cost reductions, superior customer experiences, and faster approval times, utilising technological prowess and expansive data use.

Waave and Gr4vy partner to introduce the 'Pay by Bank' solution for retail outlets in Australia, providing a safe and secure payment alternative.

Bristol's Moneyhub is ranked among the top 100 'most promising' fintech start-ups globally for 2023 by CBInsights.

The Fintech and Payments Advisory Network (TFPA) has hired a new CEO, COO and Executive Chair to lead its growth journey.

Cyber threats directed towards financial services has grown rapidly, driven by digital transformation and regulation such as open banking.

Finsure has partnered with Frollo and NextGen to use Open Banking data as part of the loan application process.

The findings are from Experian's latest business and consumer insight report, developed in partnership with Forrester, exploring open Banking and data privacy.

Julia Bearzatto promoted to Chief Product Officer at Zepto, responsible for business operations, engineering, and pioneering the future of payments.

Biza.io has appointed Rob Hale as its Chief Technology Officer, aiming to expand the CDR into banking, energy and telco sectors.

Advisors and financial service providers need innovative technology, solutions and intelligence to make financial wellness a reality for everyone.

The shift from legacy banking processes to Banking as a Service is well underway, with established banks at risk of being left behind without adoption.

Adatree appoints Sarah Day as head of alliances and partner success, responsible for facilitating future partnerships and supporting business expansion.

RiskBusiness says its report on open banking finds that while it holds much potential, financial services firms need to ensure they have robust, risk processes.

Australia's move towards open banking has been hindered by slow progress. However, with the right security measures, the future of open banking can be secure.

New report reveals challenges, opportunities and emerging risks for businesses in 2022 and highlights the importance of collaboration.