Quantcast
au iconAU

 

 

Fintech founders prepare for a new world

The days of lazily sticking with a poor-value transaction account could be numbered, say fintech founders, as Australian businesses start working with the consumer watchdog ahead of the country's open banking rollout.

Fintech founders prepare for a new world
smsfadviser logo
Fintech founders prepare for a new world

Ten startups have been selected by the Australian Competition and Consumer Commission (ACCC) to test the "consumer data right (CDR) eco-system" ahead of its launch in 2020, when the big banks are set to share data from consenting consumers on products like credit cards, debit cards and deposit accounts.

Read more at The Age

Subscribe to Public Accountant

Receive the latest news, opinion and features directly to your inbox