Wizards of Oz pull back the curtain on open banking

The final report on a review of Open Banking in Australia has appeared – and the public consultation has not yet been completed.

To give you some background, Scott Morrison MP commissioned the Open Banking Review on July 20, 2017, led by Scott Farrell, who was asked to recommend the most appropriate model for open banking in the country.

As with the UK model, the idea is to give customers better access to and control over their banking information.

The 158-page report …

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