In this episode of The Fintech Times Podcast, we focus on how open banking may help navigate cross-border funds with a deal with Australia.
Global digital banking platforms are interested in the Australian market because of the prime 4 banks holding over 80 per cent market share by complete belongings and being amongst probably the most worthwhile banks in the world.
In July 2021, the Australian Government’s shopper information laws, referred to as CDR, went stay for all banks. This means customers can share monetary information with a number of providers suppliers. The CDR guidelines have been designed to encourage extra fintech and different individuals to become involved in open banking.
New specialised gamers are actually difficult the dominance of incumbent banks by providing modern options to conventional ache factors.
In this podcast, Tyler Smith, journalist at The Fintech Times, chats to Brenton Charnley, CEO at TrueLayer,
Craig Rees, SVP, international head of platform at Airwallex and Brian Collins, fintech and foodtech managing director at Startupbootcamp (SBC Australia).
We chat about subjects together with:
- What does the embedded finance sector appear like in Australia?
- What makes Australia a beautiful marketplace for open banking?
- What are the alternatives inside this sector as we transfer into the long run?
- How are fintechs difficult the incumbents in this space?
- What are the advantages of open banking funds?
- What are the important thing challenges and rules that have to be thought of?
Listen to the podcast….
Podcast: How Open Banking Can Help Navigate Cross-Border Payments in Australia & More Latest News Update
Podcast: How Open Banking Can Help Navigate Cross-Border Payments in Australia & More Live News
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Podcast: How Open Banking Can Help Navigate Cross-Border Payments in Australia & More News Today
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