computerworlduk

Australia’s ‘Big Four’ to Be Initial Target for Open Banking

The Australian Competition and Consumer Commission is proposing that only Australia’s big four banks – ANZ, the Commonwealth Bank of Australia, NAB and Westpac – will initially be subject to the new open banking regime. The new open banking rules will function as a subset of the yet-to-be-legislated Consumer Data Right (CDR).

Read More

RBA Chief Blames Big Banks for Sluggish PayID Adoption

Reserve Bank of Australia governor Dr Philip Lowe says that take-up of the PayID system – which is based on the New Payments Platform – has so far been less than earlier industry projections. The NPP has its public debut earlier this year.

Read More

What Are the Biggest Risks Fintech Poses to UK Banks?

It has become something of a truism in the banking industry: the rise of innovative fintech solutions are posing an ever-growing risk to the established banking business models.

Read More