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 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.
We are excited to announce that Visa has invested in Basiq!
Visa’s strategic investment will accelerate our ability to meet growing API demand as the Consumer Data Right (CDR) and Open Banking plays out in the Australian market.
The uptake of Open Banking could be rapidly accelerated via education on what Open Banking is by ‘Finfluencers’ who are prominent in the financial literacy and education space on TikTok. Given Gen Z will be the largest cohort for Open Banking data sharing in the future, there’s no better time to explore what this could look like.