Page 35 - Consumer Data Right News Today

NewLaw firm cements fintech presence By Emma Ryan|04 March 2021 A NewLaw firm has its sights set on the fintech space, launching a new partnership that aims to assist in navigating the “tricky” regulatory environment. Law Squared has officially signed on as an ecosystem partner of FinTech Australia. The partnership gives Law Squared the ability to become a key resource for local fintechs on all legal matters – from capital raises to navigating complex financial services regulation. Speaki...

Mortgage Business Financial Services Minister takes over CDR rule making By Annie Kane 04 March 2021 Senator Jane Hume, Minister for Superannuation, Financial Services and the Digital Economy, has taken over from the ACCC as Consumer Data Right rule maker. The Consumer Data Right (CDR), the regime which gives...

  Australia is home to 733 active fintech companies, up from 629 in September 2019, reveals KPMG’s Fintech Landscape 2020 map. This represents an increase of 104 companies that joined the sector between September 2019 and December 2020. The infographic, released on December 21, 2020, provides a snapshot of the Australian fintech ecosystem, revealing several major trends that have emerged over the past year. In particular, the blockchain and cryptocurrency segment saw the strongest growth wit...

Big Four auditing firm KPMG in Australia has released a report, titled, The 30 Voices, which aims to cover “every facet” of financial services and beyond. It features insights related to developments from incumbents to banking challengers, Big Tech firms to investors, legislators to academics. According to KPMG’s report, when taken together, these ecosystem participants “create a valuable chorus of insight and expertise.” While commenting on how the COVID-19 outbreak is beginning to ...

Mortgage Business 25 February 2021 The document collection and curation platform has qualified as an accredited data recipient under the Consumer Data Right. Technology company Lakeba has announced that it has secured the Consumer Data Right (CDR) data recipient accreditation for its Ezidox platform. As an accredited data recipient (ADR) under the Australian Competition and Consumer Commission (ACCC) open banking regulations, Ezidox wi...

Mortgage Business Heritage adopts open banking solution By Annie Kane 22 February 2021 The non-major bank has announced that it is working with EY to develop its open banking platform. Heritage Bank has said that it is teaming up with leading professional services organisation Ernst & Young Australia (EY) to deploy a new open banking solution th...

As one guide to the future, the past tells us that the successful bank of 2030 will have continued to innovate on product and process, but I'd like to...

Data and Analytics Transformation-Getting the Fundamentals Right By Prakash Kuttikatt, Former Head of Group Data Quality Strategy, Commonwealth Bank - There have been significant advancements in data and analytics during the past decade and the evolution continues at a dramatic...

By Kate Weber on Feb 19, 2021 12:47PM In preparation for CDR deadline. Heritage Bank has teamed up with consulting giant Ernst and Young (EY) to deploy an open banking platform that will allow it to share data under the consumer data right from July 2021. The mutual bank on Friday said it would utilise the cloud-based EY Fuse platform to capitalise on potential new services, products and experiences for consumers, while promoting better competition. Bui...

Illion: . ⭐ Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.