We recently optimised our connectors for Australia’s major institutions with some fantastic results! We reduced the time-to-onboard for new customers with a new queueing mechanism and implemented a quicker retrieval of information from major Banks.
The Australian Government has just taken a big step forward in facilitating a more inclusive Open Banking ecosystem by formalising Version 3 of the CDR rules to include a ‘Sponsorship’ model. This is great news for us and our customers and we detail some key wins below.
When it comes to Open Banking, we often get asked about its rollout and when it will reach critical mass. In this blog post, we discuss how the CDR will evolve and the importance of being able to ‘dynamically switch’ between multiple data sources.
The terms CDR and Open Banking are often used synonymously. But the CDR is not just about one industry and Open Banking is just the beginning. In this article, we take a look at where it’s heading next.