We are an ACTIVE accredited data recipient!
The Basiq platform has been upgraded in preparation for Open Banking and Basiq is now an ACTIVE accredited data recipient, meaning that we can actively access Open Banking data!
The Definitive Guide to Open Banking in Australia
The Consumer Data Right and Open Banking is quickly changing the landscape of financial services in Australia.
In this informative article we explore the basics of Open Banking in Australia, looking at its benefits, the key players, accreditation, security and much more.
What were the top 10 trends in the Australian Fintech Landscape in 2021?
In the final edition of the Basiq Insights series we take a look at the top 10 fintech trends of 2021, the most read articles on the Basiq blog and look to the future as we head into an exciting year ahead in 2022.
Write Access and the Future of Third Party Payment Initiation
Basiq and Ernst and Young have collaborated to write a comprehensive white paper looking at the future of write access in Australia. It compares and contrasts two implementations of ‘write access’ for payment initiation – one falling under the Consumer Data Right (CDR) and the other under the New Payments Platform (NPP’s) PayTo.
Three recommendations to further the intersection of NPP’s PayTo and CDR
Third party payment initiation in Australia is expected to go-live in mid 2022 via the New Payments Platform (NPP’s) PayTo. PayTo is an incredibly exciting development and will revolutionise the way consumers both pay and manage their payments. The Consumer Data Right (CDR) is also looking at payment initiation under its next policy iteration of ‘Action Initiation’.
The latest update to CDR Rules: ‘Sponsoring’ a more inclusive Open Banking Ecosystem
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.
