Australian Government pushes back against bank delaying tactics on Open Banking

Australian Government pushes back against bank delaying tactics on Open Banking

The Australian Government has pushed back against attempts by the country's top banks to stall the introduction of Open Banking reforms, setting a one-year timetable for the move to data sharing with third party providers.

Imran Gulamhuseinwala: Why Open Banking is the Future of Fintech

Open Banking is a big deal, with wide implications – yet it still feels like the best-kept secret within financial services. It’s not about branches opening longer – it’s about an imminent, seismic shift in the world of banking, which rebalances the relationship between businesses, banks and customers with the recognition that data has value. Imran Gulamhuseinwala OBE is a trustee of the Open Banking Implementation Entity and is responsible for the development of the common technical standards underpinning open banking.

Experts and business leaders from the worlds of Energy, Money and Retail gathered at Kings Place, London, for WIRED Smarter on October 9, 2018. Discover some of the fascinating insights from speakers here:

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Banking on Data: Open Banking

Open Data, Open Banking: Creating a More Competitive Financial Services Ecosystem

Technological advancement and the proliferation of mobile devices has led to an explosion of data that is driving FinTech innovation. In an effort to increase competition in financial services, governments around the world are implementing data access and portability regimes to make banking more inclusive, competitive, and transparent. What can the US learn from such “open banking” efforts? In order to remain both innovative and internationally competitive, what type of data governance should American policymakers consider? What does this mean for banks, FinTechs, and Big Tech platforms?


Melissa Koide
Founder and CEO, FinRegLab; Senior Advisor, Milken Institute


Gilles Gade
Founder, President and CEO, Cross River

Sima Gandhi
Head of Business Development and Strategy, Plaid

Sahil Kini
Co-Founder and CEO, Setu

Craig Schachter
Global Head of Fintech Ecosystem, Finastra

#fintech #banking #bigtech

Explaining Open Banking and API Security

The open banking movement is building momentum globally. The use of open APIs enables banks to partner with Financial Technology companies to build new and better digital experiences, but is also generating massive volumes of API calls, which is causing latency and security issues and growing costs in legacy environments. F5 provides security and efficiency for the open banking initiative. Check out the video to learn more!