The Australian Open Banking changes require that banks share consumer data in a machine-readable way so consumers can safely access and transfer their banking data to trusted parties. It's part of the move toward an “Open API Economy,” where services are exposed as APIs. Open Banking is part of the larger Australian Consumer Data Right (CDR) which represents massive opportunities for those able to respond, as well as huge risks for noncompliance.
In this webinar we will explore how financial organizations need to react to help ensure compliance, deliver transparency, and adopt new business models. As part of this, we'll show what you need to look for in a unified company data management solution; one with integrated data privacy & risk analysis, data governance & master data management, data virtualization, and API management.