Well, Banks and banking have certainly had their fair share of attention and shakeups of recent times – and there's more to come. This time it's to do with impacts resulting from modern circumstances and the emerging issue of data - who owns it and who has a right to it.
CDR - Customers – Choice – Convenience - Confidence
If you've only recently started hearing about Open Banking, essentially it is the first part of the Consumer Data Right in Australia. To begin to understand what it is, what it means for you and what's changing, we'll start with a definition used in the Australian Government's Open Banking Review (2017) ... click here for more.
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