Home loan startups warn against 'hard transition' to data harvesting rules
Home lending fintechs have welcomed further guidelines for open banking but say they will be forced to use old methods of collecting customer data, including "screen scraping", for some time yet.
Australian fintechs are getting a clearer picture of how open banking will work, with the Office for the Information Commissioner this week releasing privacy safeguards outlining how the new players and established banks must obtain consent from customers before acquiring and sharing their data under the regime.
Read more at The Age.
