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Australia is pushing ahead with open banking reforms


Reforms planned for mid-2019

Advance Australia Fair! The country’s government plans to introduce open banking reforms from the middle of next year.

Unsurprisingly, the news has been welcomed by fintech organizations.

Stuart Stoyan, chairman of the industry association Fintech Australia, says it will “be a” innovator for consumers and businesses “and” drive a new wave of fintech innovation and growth “.

As reported on May 8th, the Australian budget 2018-19 threw rays of sunshine on fintechs …



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